SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mr. Pink who wrote (14226)10/3/2000 8:49:05 PM
From: F. Lynn  Read Replies (2) of 18998
 
For those Pinkophiles interested in short ideas and aware that the high-yield market can be a highly effective leading indicator of equity prices:
Consider Royal Cruise Lines.
bonds with 7-8 nominal yield are trading around 9.5% YTM.
debt is 67% of capital, leaving company little breathing room as competition with caribbean heats up- caribbean has a clean balance sheet.
supply in the industry is growing at 16%, faster than demand, and big new boats are coming on line in the next few years. pricing will plummet, according to sources, who note that travel agents already report record discounting.
competitor Premier Cruise Lines, a private company, was seized by lender DLJ.
RCL at 25, could be a hat size in 18 months.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News