Thomas Cook. Should we worry?

[Davie_GLA]

We are due to fly to Orlando 18th June however I’m following the news and their problems.

Too early to worry?

[anonymous-user]

worry about what?

[Frank7]

Thesprucegoose said:

worry about what?

Having had the misfortune of visiting Orlando once, when I was staying on the Gulf Coast side of Florida, and then, years later, being dragooned by my wife into going there again, as her brother was there, I’d be worrying about Thomas Cook staying in business, and taking me again.

[Robertj21a]

Davie_GLA said:

We are due to fly to Orlando 18th June however I’m following the news and their problems.

Too early to worry?

Yes, too early I guess. It's only one (I think) who says the shares are now worth zilch. Others disagree.

[anonymous-user]

as long as you booked atol protected, you are protected against going bump.

[Davie_GLA]

Yes. ATOL protected thanks.

Just well we are all different eh.

[anonymous-user]

just worry if they withdrawal atol protection..

[Davie_GLA]

Can they do that?

[bakerstreet]

Frank7 said:

Having had the misfortune of visiting Orlando once, when I was staying on the Gulf Coast side of Florida, and then, years later, being dragooned by my wife into going there again, as her brother was there, I’d be worrying about Thomas Cook staying in business, and taking me again.

• **

• **

I wouldn't worry about Thomas Cook personally

Edited by soc.mod on Sunday 19th May 09:05

[GeneralSinn]

Davie_GLA said:

Yes. ATOL protected thanks.

Just well we are all different eh.

I do think they’ll go pop but probably after the summer hols ... Poss mid-sept when the summer rush has died off and the cash flow dries up from all the folk paying DD for their summer hols

[Davie_GLA]

Frank7 said:

Having had the misfortune of visiting Orlando once, when I was staying on the Gulf Coast side of Florida, and then, years later, being dragooned by my wife into going there again, as her brother was there, I’d be worrying about Thomas Cook staying in business, and taking me again.

• **. Does it help you’re little mind that we’re also visiting the gulf coast and many others? ****

Edited by soc.mod on Sunday 19th May 09:07

[The Moose]

Davie_GLA said:

Frank7 said:

Having had the misfortune of visiting Orlando once, when I was staying on the Gulf Coast side of Florida, and then, years later, being dragooned by my wife into going there again, as her brother was there, I’d be worrying about Thomas Cook staying in business, and taking me again.

• **. Does it help you’re little mind that we’re also visiting the gulf coast and many others? ****

Hopefully ‘Frank “was he a cabbie?” 7’ will just refrain visiting Florida in general

Edited by soc.mod on Sunday 19th May 09:08

[av185]

Interesting how one bad rating from some random broker who will be shorting the stock no doubt and claiming the Company is worth zilch can have such a dramatic effect.

[Davie_GLA]

av185 said:

Interesting how one bad rating from some random broker who will be shorting the stock no doubt and claiming the Company is worth zilch can have such a dramatic effect.

Without sounding as if I don’t think you know what you’re doing but to a complete layman could you explain?

[B17NNS]

Davie_GLA said:

Without sounding as if I don’t think you know what you’re doing but to a complete layman could you explain?

As well as buying shares in a company in the hope that the value will increase (being long) you can also short a stock. Shorting is betting that the stock price will go down.

https://www.investopedia.com/terms/s/shortselling....

If you’re short it’s in your interest to source and spread information that supports your position and encourages others to do the same with a view to reducing the share price and allowing you to profit from it.

If you’ve got Netflix watch Dirty Money
- Drug Short. Season 1, Episode 3.

[Davie_GLA]

Thank you. I’ll check that out.

I’ve seen billions!!

[Frank7]

The Moose said:

Davie_GLA said:

Frank7 said:

Having had the misfortune of visiting Orlando once, when I was staying on the Gulf Coast side of Florida, and then, years later, being dragooned by my wife into going there again, as her brother was there, I’d be worrying about Thomas Cook staying in business, and taking me again.

• **. Does it help you’re little mind that we’re also visiting the gulf coast and many others? ****

Hopefully ‘Frank “was he a cabbie?” 7’ will just refrain visiting Florida in general

Jeez, talk about touch a nerve, no, I’ll still go to Punta Gorda and Naples when I feel like it, just not Orlando, it seemed like a “travellers” reunion both times when I was there, and not for nothing Davie, but it’s “your” little mind, not “you’re” little mind.

Edited by soc.mod on Sunday 19th May 09:09

[The Moose]

Frank7 said:

The Moose said:

Davie_GLA said:

Frank7 said:

Having had the misfortune of visiting Orlando once, when I was staying on the Gulf Coast side of Florida, and then, years later, being dragooned by my wife into going there again, as her brother was there, I’d be worrying about Thomas Cook staying in business, and taking me again.

• **. Does it help you’re little mind that we’re also visiting the gulf coast and many others? ****

Hopefully ‘Frank “was he a cabbie?” 7’ will just refrain visiting Florida in general

Jeez, talk about touch a nerve, no, I’ll still go to Punta Gorda and Naples when I feel like it, just not Orlando, it seemed like a “travellers” reunion both times when I was there, and not for nothing Davie, but it’s “your” little mind, not “you’re” little mind.

Not Naples! That’s far too close for comfort!!!

Edited by soc.mod on Sunday 19th May 09:11

[Sheepshanks]

Certainly TheDibb forum is in full panic mode (which doesn't take much, to be fair) - people are cancelling WaltDisneyWorld trips with TC and rebooking elsewhere.

There's a comment that some CC companies are refusing pass money on to TC?

[Davie_GLA]

Yeah, we are all paid up unfortunately. I’ll keep an eye on it.