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The company has 1 billion dollar in liquidity, not 300 million.
Feb 03 01:10 am
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All Comments by Ånden som Går »Royal Carribbean Appears an Outstanding Long-Term Buy [View article]
On Feb 02 09:13 PM PeakOiler wrote:
> Hmmm, $6 billion in debt, $1.37 billion market cap, only $301 million
> in cash. Moody's downgraded the company's debt to almost junk level.
> Dividend has been eliminated. Stock is tanking for all these reasons
> plus the fact the cruise business is in the toilet.
>
> Buy stocks with low or no debt. RCL doesn't come close.