Seeking Alpha

Vercin Getarix

Vercin Getarix
Send Message
View as an RSS Feed
View Vercin Getarix's Comments BY TICKER:
Latest  |  Highest rated
  • Barra Low-Balling GM Prospects For 2015 [View article]
    " the Alabama coach worrying to death about Vanderbilt."
    I liked that line. You really know how to explain things
    Jan 10, 2015. 04:32 PM | 1 Like Like |Link to Comment
  • New CEO appointed at Norwegian Cruise Line Holdings [View news story]
    Didn't Renaissance Cruises go broke under his leadership?
    Jan 9, 2015. 10:38 AM | Likes Like |Link to Comment
  • Carnival May Not Offer The Smoothest Ride To The Bank [View article]
    WONDERLAND, I can see how you came to your conclusion but as someone who has closely followed the cruise lines since the 1960s, what you report is not that unusual. I remember the days. say in 1980, where you could walk up to the docks on the day of sailing and get a cabin. Not now. The lines have learned how to fill up the ships even if it takes half price offers months in advance. They have learned how to use discount travel agencies. How to use email and other forms of mail and advertizing. I get these offers too from almost all the lines except Regent and Silverseas. There logic is this; an empty cabin produces no revenue at all. I can't rememmber off hand, you can look it up, but a healthy percentage of profit comes from what they call "on board spending;" casinos, bars, gift shops, land excursions, spas, etc. Also, notice that CCL says they have 104% occupancy. A good friend of mine works for them at the docks in Miami and swears to me all the Carnival ships sail full. As an experiment call the lines you mention a 4 or 5 days before sailing and tell us what they say; they just might say, "
    Sorry, ship is sold out."
    Dec 17, 2014. 09:51 PM | Likes Like |Link to Comment
  • Cheniere: Why I Will Not Invest Now [View article]
    This stock is definitely for patient long term investors.
    Nov 18, 2014. 01:56 PM | Likes Like |Link to Comment
  • Carnival forms new JV in China with local partner [View news story]
    This is bad news for European ship builders. It will be a case of China today and the world tomorrow. A close relative of mine who is an expert in Maritime Shipping told me that their bulk carriers and oil tankers are the equal to any made in the world and container ships are a close second.
    It will take them some time to build up a network of local vendors to supply things like cabins,furniture, plumbing equipment and the many 1000s of other items. Nothing made anywhere is safe from the tendency of the Chinese to copy it.
    "You need a 1000 porcelain toilets for the ship? Just buy one over in American Home Depot and send it over here and we will copy it exactly for 1/3 the price. Remember, we Chinese invented porcelain." Well, that is a little simplification but you get the idea.
    Oct 16, 2014. 02:19 PM | Likes Like |Link to Comment
  • Update: Norwegian Cruise Line Holdings Acquisition [View article]
    bsorge--- do you mean by "disparity" that the difference in quality between NCL and Oceania and Regent would not lead NCL passenger to move up? If so, I agree. Big difference in price on NCL of about $100 a day to $200 to $300 a day on the up scale two lines. CCL is able to move CCL psgrs up to Princess for maybe only a 20% premium. But a CCL psger doesn't jump up to premium Cunard very often.
    As for Del Rio, I never liked him. He did a poor job of running Rennaisance before it went broke. However, he seems good at finding the money men and putting a cruise line together. And, I consider Apollo a hedge fund that is unqualified to add much to the running of a cruise line however good they are at making money for themselves.
    On a different note, It is hard for me to believe that 30 years ago NCL owned the Caribbean and let CCL and RCL dominate it.
    Sep 14, 2014. 11:27 PM | Likes Like |Link to Comment
  • Sirius XM Radio: Bullish Or Bearish? [View article]
    I listened to the this twenty something kid ramble on with only the slightess knowledge of SIRI, Another kid that wants free music pounding in his ears all day. I would guess all his peers do the same thing. He seems to be aware there is other content on SIRI but none of it interests him. Then he calls Howard Sten a disc jockey! Am I supposed to take financial advice from him?
    Jun 6, 2014. 02:08 PM | 11 Likes Like |Link to Comment
  • Norwegian Cruise Line Has The Best Fleet In The Industry [View article]
    I can remember the days when NCL owned the Caribbean with their Starward, Southward, etc, and RCL was the upstart who claimed to have the best ships and service (but the smallest cabins). What I believed happened is that like the commercial maritime history their owners had, the profits made where put into the owners pockets. Gradually, both of these lines fell behind on equipment, food and service. Then upstart Ted Arison started Carnival and all his profits went back into the company. Yes, CCL was the Walmart of those days. They called their ships the "Fun ships' and they did give the passenegers more fun than the staid NCL or RCL. I can remember a CCL cruise in1979 with my family and my saying, "I am not going to any stupid pillow fight." And yet, there I was laughing my butt off watching it.
    Gradually the laminate was replaced by real wood. RCL was famous for having fake materials - but not now.
    Travel agents where wooed by CCL and the agents responded by filling the fun ships. NCL did not iimprove and in fact degeneraterd and profits declined to the point they almost went bankrupt - I think I remember their stock sliding down to $1. Service, upkeep, food and attidude declined. I remember seeing rugs on the SS Norway that should have been throw away as being worn out. I remember hearing a woman warn her kids not to touch the banisters since they were dirty. I knew many of the middle management and they were not very happy. Carnival tried to buy the line but it ended up being sold to a Malaysian gambling corporation. Things then started to iimprove since Genting put some money into the line and started to build new ships. I am not saying the cruise line stunk but it was a distant thrid behind RCL and CCL.
    So, what about now? Most things have improved under new upper management and with more money put into the line. Morale has improved. Everything has improved. But, IMO, it still is not as tightly run as it should be. Now it is a close third behind RCL and CCL. I would buy CCL or RCL before NCLH.
    May 10, 2014. 05:17 PM | 1 Like Like |Link to Comment
  • Is Sirius XM A Buy Right Now With Or Without The Issuance Of A Dividend? [View article]
    Let's get this straight, they never said they will pay dividends to the stockholders; only to the holding company. The holding company can and will buy back stock.
    May 8, 2014. 12:19 PM | 5 Likes Like |Link to Comment
  • Sirius XM Set To Resume Share Buybacks [View article]
    Crunching, your comment, " “Luck is the residue of design.” So, to paraphrase, for corporate executives, the "share price will be the residue of execution - at least over the long haul." is the very wise. We don't get much wisom here.
    Apr 17, 2014. 11:52 PM | Likes Like |Link to Comment
  • Sirius XM: Vote 'NO' On Liberty's $3.68 Offer [View article]
    Ralph Nader is still alive! Schwab alert said this this mornng;
    "but shareholder Ralph Nader called the proposal "ludicrous," adding that "I am sure that I along with other shareholders in Sirius XM will be interested in a legal challenge to John Malone's company for lowballing Sirius XM's shareholder value."
    Jan 6, 2014. 02:23 PM | 1 Like Like |Link to Comment
  • Sirius XM CEO Sees A Real Opportunity Internationally [View article]
    Question to users; have any of you guys driven down into Mexico while listening to Sirius/XM? and if so, how far down did you get reception? Does it reach Monterey? or even Mexico City? TIA
    Sep 29, 2013. 02:20 PM | Likes Like |Link to Comment
  • Carnival: Latest Sell-Off Might Create A Long-Term Opportunity [View article]
    OK, first of all let me tell you a little about myself so you can see where my perspective comes from. I have been cruising since 1960. I have been selling cruises since 1960. Many of the ships I have sailed on have now been turned in scrap steel or razor blades. I have been on most lines for cruises or inspections, including the original Queen Mary, Queen Elizabeth, the SS France, etc. I was on Carnival's first ship when it was being converted from the Empress of Canada. I have been a stockholder in CCL on and off and have made a lot of money over the years. I have also owned RCL and a couple of other lines that are now defunct. I have had the opportunity to talk with high officers of several cruises lines.
    And I have seen a lot of changes.
    Now, in my opinion, those that claim the Carnival cruise division has gone downhill don't realized that it has been a "Joe six-pack" line from the beginning.
    A central organizing principle of CCL is that for those who want better should book a more upscale cruise line; e.g., Princess, Holland American, Cunard or Seabourn. CCL hints at that in their ads but never, in my experience, has come out and said it.
    Too many people think, "A cruise is a cruise is a cruise." And, that is not true.
    CCL looked to Las Vegas as a role model when Bob Dickenson was one of their leaders. Now he is retired and line has lost its pizzazz. If you go to Las Vegas are you going to stay in some cheap motel or one of the leading hotels?
    The same is true for Royal Caribbean. Years ago it was more of an upscale line. Now it is on par with Carnival. They also learned from CCL and bought or set up more upscale divisions. RCL, to generalize, has always been lagging CCL in innovations. I was talking with the CEO of RCL many years ago and he said that he now realizes that they should have been more like CCL and bought more ships.
    But as for the future, I am encouraged. If they return to TV ads that, IMO, could make a big different. Some of the old timers here might remember CCL's TV ad featuring Kathy Lee Gifford singing "Aren't We Having Fun.". They were powerful and produced sales.
    IMO, there are too many bean counters in high positions in both CCL and RCL. They don't have or can't generate any pizzazz. Disney knows how to do it. I went into mourning when RCL hired an airline executive to be CEO. What the heck do the airlines know about building a business? No house wife after seeing a TV ad for an airline said to her husband, "Hey, we got to take an airplane ride." But she might say " Lets take a Caribbean Cruise" after seeing a good cruise ad. I notice that Viking River cruises has some good TV ads.
    One of the above commentators mentioned how he has out grown Carnival. For only a few dollars more he could have sailed to Alaska on Holland America or Princess and been satisfied.
    There were only hints in the conference call that CCL has woken up. Things could turn a round fast. However, I am a buyer of CCL right now as an investor and not as a trader.
    And lastly, people will forget the Concordia incident.
    Sep 27, 2013. 11:08 PM | Likes Like |Link to Comment
  • SIRIUS' CEO Presents at Goldman Sachs Communacopia Conference (Transcript) [View article]
    If he said "okay" one more time I would have screamed. This transcript is the worst I have ever read. Mel could talk better than JIm. However, I did learn somethings. Some things to ponder.
    Sep 26, 2013. 12:49 PM | 2 Likes Like |Link to Comment
  • The New Carnival: A Treat Instead Of A Treatment [View article]
    You are right, now that I checked, it was another author with a sharp tongue who made a remark about my name.
    Jun 20, 2013. 09:29 AM | Likes Like |Link to Comment