Don’t bail out the cruise industry

Re:Don’t bail out the cruise industry by christophilus on Tuesday March 24, 2020 @07:13AM (#22673850)

I’ve looked at their finances. A few very well may go bust. It’s incredible how many publicly traded companies are living paycheck to paycheck.

I don’t like the idea of bailing out debt-laden, mismanaged companies. Let them go into bankruptcy and let a more competent group of people buy them and run them. This is doubly true for Boeing. Get those monkeys out of the executive positions.

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Re:Don’t bail out the cruise industry by missedthecue on Tuesday March 24, 2020 @07:47AM (#22674035)

Well I don't know why we're surprised when the federal government does what they can to make sure companies don't retain earrings. The Accumulated Earnings Tax

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Re:Don’t bail out the cruise industry by ses1984 on Tuesday March 24, 2020 @07:25AM (#22673930)

The ships aren't going to disappear, someone else will buy them and operate them.

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Re:Don’t bail out the cruise industry by christophilus on Tuesday March 24, 2020 @09:24AM (#22674614)

Exactly. These companies will go bankrupt, but some savvy investors will snap up their assets on the cheap or bring them through bankruptcy and be back up and running on the other side.

Edit: My point being, we should let this happen. I see no reason to bail them out.

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