Cruise Stocks Are Sinking–Again–After Royal Caribbean Reveals It’s Raising A $1 Billion Lifeline

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Cruise stocks are sinking—again—after Royal Caribbean revealed it’s raising a $1 billion lifeline

it's raising $1 billion in two separate offerings–one stock and one debt–with the option for underwriters to exercise an additional $75 million purchase in each.

Royal Caribbean stock plummeted 13% on Tuesday, falling the most out of any other stock in the S&P 500, which ended the day down .6%.

 

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'Time, Content, Access Overruling Rules of Government, A Impeachable Code-Of-Conduct Under Title 10 USC.'

Hey ScottGottliebMD, you better get on SquawkCNBC to pump this stock and talk about how cruise lines are safe. RoyalCaribbean is paying you to be on their 'Healthy Sail' panel after all despite you saying in March that 'it's an awful risk.' CallingOutCorruption Ethics

Bailout?

I bet the author thought about it for a good while before clicking Tweet. Then they felt extremely dirty and ashamed after, as they should.

You could have said cruise stocks have hit an iceberg.

Terrible pun

Unfortunate choice of headline or deliberate pun?

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