Cramer to investors: It's still too early to be speculating in the cruise line stocks

"I say: What did you expect? The cruise lines need money. If you bid their stocks up, as many younger, less-informed investors keep on doing, they're bound to issue new equity. ... They can't afford to pass up that opportunity," Cramer said.

"Doesn't matter how great Carnival or Royal Caribbean or Norwegian might be. I mean, the truth is that right now they're not allowed to set sail because of the pandemic," Cramer said. "Call me crazy, but I'm reluctant to recommend anything that's legally barred from doing its business.

While the operators will have enhanced safety protocols when they do resume, Cramer said prospective investors need to keep an eye on the companies' balance sheets and what they have said about future bookings. The host expressed concerns about Carnival's cash burn, although he said the company has "the best exposure to the rest of the world that's already sailing again."

Yeah! its too early.

Safe to assume jimcramer also wouldn’t have approved of the Jan$60 $RCL calls we bought back in April. cruisersgonnacruise

Wow big jim.. Carnival canceled nov covid 19 cruises

Norwegian Cruise Line won’t even give us our refunds that we deserve!!! I requested a refund for my honeymoon cruise over 5 months now. Many others have tweeted the same issue. Why won’t they give back people’s money? No service was provided. Are they going bankrupt?

Two years too early.

When the time is supposedly right, they’ll already be significantly higher. This is probably a good time to buy them provided one has a 3-5 year view

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