Go Back   CruiseMates Cruise Community and Forums > Cruise Lines (Mainstream) > Celebrity
Register Forgot Password?

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old August 26th, 2011, 06:25 PM
Senior Member
Admiral
 
Join Date: May 2003
Location: Massachusetts
Posts: 4,771
Default Disclosure of Personal Finanical Interest

Everybody,

In the wake of the recent transients in the stock market, I have done some portfolio rebalancing that increased my position in Royal Caribbean Cruises Ltd. (NYSE: RCL), the parent of Celebrity Cruises, to 4,000 shares.

Norm.
Reply With Quote
Sponsored Links
  #2 (permalink)  
Old August 26th, 2011, 06:44 PM
fun2cruiz's Avatar
Senior Member
Captain
 
Join Date: Aug 2007
Location: Savannah, Ga.
Posts: 651
Send a message via AIM to fun2cruiz
Default

Are you suggesting others to follow your portfolio rebalancing decision, or just advising what you have done ?
__________________
Your Travel "angel" ~~~ Curtis

"January"
Blizzard Flavored Treat & Cake Of The Month
"Strawberry CheeseQuake"
Reply With Quote
  #3 (permalink)  
Old August 26th, 2011, 09:54 PM
Senior Member
Admiral
 
Join Date: Jan 2008
Posts: 1,568
Default

Sorry Norm, what is the functionality of your post ?

Annie
Reply With Quote
  #4 (permalink)  
Old August 27th, 2011, 11:22 AM
green_rd's Avatar
Senior Member
Admiral
 
Join Date: May 2008
Location: Indianapolis (USA)
Posts: 5,580
Default

I guess that means Norm has a financial interest is saying good things about RCCL and it various cruise lines. He is not offering an unbiased opinion.

Not sure the moderators require such a declaration but it is nice to see. Especially since the Royal Champions incident.
__________________
Bob

A Bad Day At Sea [with power] Always Beats A Good Day At Work
Carnival: Glory 2004, Destiny 2008, Splendor 2009, Freedom 2011, Valor 2012, Dream 2013
Celebrity: Summit 2011
Princess: Ruby 2010, 2014, Caribbean 2013, Coral 2014, Regal 2014
Star Clippers: Royal Clipper 2015
Reply With Quote
  #5 (permalink)  
Old August 27th, 2011, 11:26 AM
Mike M's Avatar
Administrator
Admiral
 
Join Date: Jul 2004
Location: You're Looking At Me
Posts: 23,881
Default

Quote:
Originally Posted by green_rd View Post
I guess that means Norm has a financial interest is saying good things about RCCL and it various cruise lines. He is not offering an unbiased opinion.

Not sure the moderators require such a declaration but it is nice to see. Especially since the Royal Champions incident.
There is no requirement to disclose any personal financial interest. I also have stock in RCL and CCL. I also stayed at a Holiday Inn Express.

Take care,
Mike
__________________
Cruisemates Community Leader/Moderator

"There is a great difference between being well traveled and just having been to many places." ~Me

"Fear is the assassin of dreams." ~Me
Reply With Quote
  #6 (permalink)  
Old August 27th, 2011, 12:43 PM
Senior Member
Admiral
 
Join Date: Sep 2005
Location: Palm Coast, Florida
Posts: 19,886
Default

I also have RCL stock which is nice as far as the onboard credits.

TM
__________________
CRUISES
Century 4/1998
Mercury 4/2000+4/2006+7/2007
Sensation 4/2002
Infinity 4/2003
Summit 4/2004+4/2005
Carnival Liberty New Year's Eve 2007
Liberty of the Seas 5/2008+11/2009
Solstice 4/2009
Oasis 4/2010+4/13/2013
Allure 1/16/ 2011
Equinox 4/11/2011
Independence 12/29/13


Booked Vision of the Seas . 2/14/2015

Booked Allure of the Seas... 2/21/16 *Last Gang Cruise*
Reply With Quote
  #7 (permalink)  
Old August 27th, 2011, 01:12 PM
Kuki's Avatar
Moderator
Admiral
 
Join Date: Aug 2000
Location: Right here :)
Posts: 22,430
Send a message via AIM to Kuki
Default

I have shares in Apple, so I encourage everyone to go their local market and buy fruit!
__________________
Kuki
Reply With Quote
  #8 (permalink)  
Old August 27th, 2011, 02:15 PM
fun2cruiz's Avatar
Senior Member
Captain
 
Join Date: Aug 2007
Location: Savannah, Ga.
Posts: 651
Send a message via AIM to fun2cruiz
Default

I have shares in McDonalds....satisify that "Big Mac Attack" today !

Personal Investment/Interest in DQ too ........
Join www.blizzrdfanclub.com and receive FREE Blizzard Flavor Treats !
__________________
Your Travel "angel" ~~~ Curtis

"January"
Blizzard Flavored Treat & Cake Of The Month
"Strawberry CheeseQuake"
Reply With Quote
  #9 (permalink)  
Old August 27th, 2011, 02:23 PM
ydoodle's Avatar
Senior Member
Cruise Maniac
 
Join Date: Nov 2003
Posts: 125
Send a message via Yahoo to ydoodle
Default Holiday Inn, Apple & McDonalds

Love the funny posts! Thanks for the laugh.
Reply With Quote
  #10 (permalink)  
Old August 27th, 2011, 09:02 PM
Senior Member
Admiral
 
Join Date: Mar 2006
Location: Vancouver, BC
Posts: 1,207
Default

LMAO at this. How ridiculous. Great responses guys
__________________
Upcoming:

Hawaii By land x 2
Paris and German Christmas Markets
Reply With Quote
  #11 (permalink)  
Old August 27th, 2011, 09:12 PM
Senior Member
Admiral
 
Join Date: Sep 2002
Posts: 1,091
Default

Norm is a regular on this board, I disagree with him a lot but I give him a lot of credit for posting this. More people need to be as honest as he has with this OP.
Reply With Quote
  #12 (permalink)  
Old August 27th, 2011, 09:26 PM
fun2cruiz's Avatar
Senior Member
Captain
 
Join Date: Aug 2007
Location: Savannah, Ga.
Posts: 651
Send a message via AIM to fun2cruiz
Default

Quote:
Originally Posted by dkjretired View Post
Norm is a regular on this board, I disagree with him a lot but I give him a lot of credit for posting this. More people need to be as honest as he has with this OP.
OK... I will bite.....Credit for what ? Advising others what he has been working on with his investments ? Being honest how he restructures his investments ?
__________________
Your Travel "angel" ~~~ Curtis

"January"
Blizzard Flavored Treat & Cake Of The Month
"Strawberry CheeseQuake"

Last edited by fun2cruiz; August 27th, 2011 at 09:34 PM.
Reply With Quote
  #13 (permalink)  
Old August 27th, 2011, 09:50 PM
Senior Member
Admiral
 
Join Date: Mar 2006
Location: Vancouver, BC
Posts: 1,207
Default

Quote:
Originally Posted by dkjretired View Post
Norm is a regular on this board, I disagree with him a lot but I give him a lot of credit for posting this. More people need to be as honest as he has with this OP.
Why? are we supposed to have a different opinion because he holds 4,000 shares? Carnival Corp is a very large client of my company's...should I be disclosing that so you'll take my posts more seriously?

This is a free and open board... the more shares you hold does not give you more credibility in what you post.
__________________
Upcoming:

Hawaii By land x 2
Paris and German Christmas Markets
Reply With Quote
  #14 (permalink)  
Old August 27th, 2011, 10:06 PM
Senior Member
Admiral
 
Join Date: Jan 2008
Posts: 1,568
Default

Quote:
Originally Posted by Trackypup View Post
Why? are we supposed to have a different opinion because he holds 4,000 shares? Carnival Corp is a very large client of my company's...should I be disclosing that so you'll take my posts more seriously?

This is a free and open board... the more shares you hold does not give you more credibility in what you post.
Trackypup I agree - what difference does it make if you hold any shares apart from OBC?

I must be missing something - maybe a cultural difference.

Annie
Reply With Quote
  #15 (permalink)  
Old August 27th, 2011, 11:02 PM
fun2cruiz's Avatar
Senior Member
Captain
 
Join Date: Aug 2007
Location: Savannah, Ga.
Posts: 651
Send a message via AIM to fun2cruiz
Default

I better quick buy another 3,900 shares of CCL, RCI or any cruiseline stock and disclose that personal financial info, so I too can be considered "credible" in my posts !
__________________
Your Travel "angel" ~~~ Curtis

"January"
Blizzard Flavored Treat & Cake Of The Month
"Strawberry CheeseQuake"
Reply With Quote
  #16 (permalink)  
Old August 28th, 2011, 09:02 AM
Pootersdad's Avatar
Senior Member
Captain
 
Join Date: Mar 2004
Location: I'd Rather Be Cruising
Posts: 856
Default Disclosure

I own Caterpillar and Deere. Everyone should buy a bulldozer or tractor, or both.
__________________
Grandeur OTS b2b2b January 2015
Grandeur OTS b2b2b January 2016
Reply With Quote
  #17 (permalink)  
Old August 28th, 2011, 05:34 PM
Senior Member
Admiral
 
Join Date: Sep 2002
Posts: 1,091
Default

Quote:
Originally Posted by fun2cruiz View Post
OK... I will bite.....Credit for what ? Advising others what he has been working on with his investments ? Being honest how he restructures his investments ?
Norm posts generally very positive remarks about Celebrity cruise line. He is being honest about posting that he has an interest in the cruise line and therefore those reading the posts may take it in that light.

I will try and explain this in a very simple way with an example. Recently there was a scandal in England over a Newspaper which caused the newspaper to shut down. Without going into the scandal, if you watched any of the Fox Stations in the US, they would give a disclaimer when reporting stories on the scandal that the newspaper in England was owned by the same parent company as Fox. Its not of the same importance on this cruiseboard but hopefully those who made negative comments will understand why he did it and why he was being honest.

Last edited by dkjretired; August 28th, 2011 at 05:40 PM.
Reply With Quote
  #18 (permalink)  
Old August 28th, 2011, 06:39 PM
Snoozeman's Avatar
Moderator
Admiral
 
Join Date: Jan 2008
Location: Bosque County, Texas
Posts: 5,430
Send a message via AIM to Snoozeman Send a message via Yahoo to Snoozeman
Default

I'm surprised at the number of people here that 'don't get it'.
__________________
Ray McDonald / Snoozeman

My Personal Cruise Blog: My Cruise Blog

Future Cruises:
Carnival Triumph-Caribbean-7/28/2014, Carnival Legend-South Pacific-8/30/2014, MSC Preziosa-Mediterranean-10/25/2014, MSC Fantasia-Mediterranean-11/2/2014, Navigator of the Seas-12/14/2013, Norwegian Jewel-1/3/2015, Emerald Princess-1/11/2015, Carnival Freedom-2/2/2015, Carnival Freedom-2/15/2015.
Reply With Quote
  #19 (permalink)  
Old August 28th, 2011, 06:41 PM
fun2cruiz's Avatar
Senior Member
Captain
 
Join Date: Aug 2007
Location: Savannah, Ga.
Posts: 651
Send a message via AIM to fun2cruiz
Default

forget it.... sorry I am too new to this "group" to have followed Norm's financial "disclosures"
__________________
Your Travel "angel" ~~~ Curtis

"January"
Blizzard Flavored Treat & Cake Of The Month
"Strawberry CheeseQuake"

Last edited by fun2cruiz; August 28th, 2011 at 06:46 PM.
Reply With Quote
  #20 (permalink)  
Old August 28th, 2011, 06:59 PM
Senior Member
Admiral
 
Join Date: Mar 2006
Location: Vancouver, BC
Posts: 1,207
Default

Quote:
Originally Posted by dkjretired View Post
Norm posts generally very positive remarks about Celebrity cruise line. He is being honest about posting that he has an interest in the cruise line and therefore those reading the posts may take it in that light.

I will try and explain this in a very simple way with an example. Recently there was a scandal in England over a Newspaper which caused the newspaper to shut down. Without going into the scandal, if you watched any of the Fox Stations in the US, they would give a disclaimer when reporting stories on the scandal that the newspaper in England was owned by the same parent company as Fox. Its not of the same importance on this cruiseboard but hopefully those who made negative comments will understand why he did it and why he was being honest.
Maybe I just don't care, but I have enough faith in posters to think their opinion on a cruise line is not financially motivated. If he can't keep his financial standing out of a cruise discussion, maybe he shouldn't be posting. As I said earlier, Carnival pays my company millions...who cares??
__________________
Upcoming:

Hawaii By land x 2
Paris and German Christmas Markets
Reply With Quote
  #21 (permalink)  
Old August 28th, 2011, 07:04 PM
Senior Member
Admiral
 
Join Date: Sep 2002
Posts: 1,091
Default

Quote:
Originally Posted by Snoozeman View Post
I'm surprised at the number of people here that 'don't get it'.
Thank you, I thought it was just me.....
Reply With Quote
  #22 (permalink)  
Old August 28th, 2011, 07:24 PM
Senior Member
Admiral
 
Join Date: Mar 2006
Location: Vancouver, BC
Posts: 1,207
Default

So instead of the eye rolling gentlemen, enlighten us. How are we now supposed to respond to anything that Norm posts? do we just assume everything he posts is now financially related? dismiss his posts? take them all with a grain of salt? what is the suitable reaction? If nothing, then why bother sharing the information.
__________________
Upcoming:

Hawaii By land x 2
Paris and German Christmas Markets
Reply With Quote
  #23 (permalink)  
Old August 28th, 2011, 07:52 PM
fun2cruiz's Avatar
Senior Member
Captain
 
Join Date: Aug 2007
Location: Savannah, Ga.
Posts: 651
Send a message via AIM to fun2cruiz
Default

Quote:
Originally Posted by Trackypup View Post
So instead of the eye rolling gentlemen, enlighten us. How are we now supposed to respond to anything that Norm posts? do we just assume everything he posts is now financially related? dismiss his posts? take them all with a grain of salt? what is the suitable reaction? If nothing, then why bother sharing the information.
Perhaps we do not have the "elite status" that others have, therefore we are not privy to understand Norm's posts !
__________________
Your Travel "angel" ~~~ Curtis

"January"
Blizzard Flavored Treat & Cake Of The Month
"Strawberry CheeseQuake"
Reply With Quote
  #24 (permalink)  
Old August 28th, 2011, 08:34 PM
Snoozeman's Avatar
Moderator
Admiral
 
Join Date: Jan 2008
Location: Bosque County, Texas
Posts: 5,430
Send a message via AIM to Snoozeman Send a message via Yahoo to Snoozeman
Default

Disclosures do not need nor warrant a response. They are usually stated to negate any possible claims of conflict of interest. It's very common in the financial world and by professional politicians or lobbyists.

He's just stating a fact and making no claim beyond it. Does not warrant any response and certainly nothing to get so upset about.
__________________
Ray McDonald / Snoozeman

My Personal Cruise Blog: My Cruise Blog

Future Cruises:
Carnival Triumph-Caribbean-7/28/2014, Carnival Legend-South Pacific-8/30/2014, MSC Preziosa-Mediterranean-10/25/2014, MSC Fantasia-Mediterranean-11/2/2014, Navigator of the Seas-12/14/2013, Norwegian Jewel-1/3/2015, Emerald Princess-1/11/2015, Carnival Freedom-2/2/2015, Carnival Freedom-2/15/2015.
Reply With Quote
  #25 (permalink)  
Old August 28th, 2011, 08:39 PM
Kuki's Avatar
Moderator
Admiral
 
Join Date: Aug 2000
Location: Right here :)
Posts: 22,430
Send a message via AIM to Kuki
Default

Well Norm has mentioned a number of times that he is a Royal Caribbean stakeholder.

But, heck, if he wanted to tell us he bought more, that's ok by me.
__________________
Kuki
Reply With Quote
  #26 (permalink)  
Old August 28th, 2011, 10:05 PM
Senior Member
Admiral
 
Join Date: Sep 2002
Posts: 1,091
Default

Quote:
Originally Posted by Trackypup View Post
So instead of the eye rolling gentlemen, enlighten us. How are we now supposed to respond to anything that Norm posts? do we just assume everything he posts is now financially related? dismiss his posts? take them all with a grain of salt? what is the suitable reaction? If nothing, then why bother sharing the information.
Simple, be honest, call them as you see them,I have been doing that for a long time. If I think hes wrong I say so , if hes right I say so.
Reply With Quote
  #27 (permalink)  
Old August 29th, 2011, 05:59 PM
Senior Member
Admiral
 
Join Date: May 2003
Location: Massachusetts
Posts: 4,771
Default

Annie,

Quote:
Originally Posted by You View Post
Sorry Norm, what is the functionality of your post ?
Here in the States, we have laws requiring people with financial interests who make comments related to those interests to disclose those interests in the same forum. I don't have a battery of lawyers to research all the nuances of those laws, so I make a general disclosure when the interest changes with the intent of covering all of the bases.

Norm.
Reply With Quote
  #28 (permalink)  
Old August 29th, 2011, 06:02 PM
Senior Member
Admiral
 
Join Date: May 2003
Location: Massachusetts
Posts: 4,771
Default

fun2cruiz,

Quote:
Originally Posted by You View Post
Are you suggesting others to follow your portfolio rebalancing decision, or just advising what you have done ?
I made no such suggestion. I'm just trying to ensure compliance with applicable laws regarding disclosure of finanical interests that may be affected by one's public comments. I have made similar disclosures in the past.

Norm.
Reply With Quote
  #29 (permalink)  
Old August 29th, 2011, 06:17 PM
Senior Member
Admiral
 
Join Date: Jan 2008
Posts: 1,568
Default

Quote:
Originally Posted by Rev22:17 View Post
Annie,



Here in the States, we have laws requiring people with financial interests who make comments related to those interests to disclose those interests in the same forum. I don't have a battery of lawyers to research all the nuances of those laws, so I make a general disclosure when the interest changes with the intent of covering all of the bases.

Norm.
Norm

Thank you for the explanation but I still don't get it.

IMHO - such a declaration is unnecessary and meaningless but let the matter rest.

Annie
Reply With Quote
  #30 (permalink)  
Old August 29th, 2011, 06:24 PM
Senior Member
Admiral
 
Join Date: Mar 2006
Location: Vancouver, BC
Posts: 1,207
Default

If you're referring to SOX, unless you're a Board Member, Management or RCL's Auditor/Accountant I don't think you fall under that law.

Nice increase in stock price today by the way.
__________________
Upcoming:

Hawaii By land x 2
Paris and German Christmas Markets
Reply With Quote
Reply

Bookmarks

Tags
client, cruise, disclosure, finanical, line, personal, quarterly, reports, samples

Similar Threads
Thread Thread Starter Forum Replies Last Post
Disclosure.... Rev22:17 Azamara Cruises 4 August 13th, 2010 05:00 PM
Disclosure.... Rev22:17 Royal Caribbean International 7 March 11th, 2010 07:55 PM
Disclosure.... Rev22:17 Celebrity 3 March 11th, 2010 04:34 PM
Fuel Surcharge refunds for non disclosure Dannyboy Celebrity 3 July 30th, 2008 11:51 AM
This image may be of interest to some of you rayb Chit - Chat for Cruisers 16 August 24th, 2007 03:21 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


 

All times are GMT -4. The time now is 10:04 AM.
design by: Themes by Design

Powered by vBulletin® Version 3.8.7 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.1