HomeLifestyleTravel & LeisureCCL, NCLH, RCL Cruse Line Stocks Are Way Oversold
CCL, NCLH, RCL Cruse Line Stocks Are Way Oversold

"The three major publicly traded cruise stocks are way oversold as booking trends and cruise demand remains strong. While the risk right now is the overhanging debt, the demand trends and upcoming revenue should exceed pre-pandemic trends by sometime in mid-2023. The fact that all three cruise companies cut costs significantly during the pandemic means that more revenue will flow to cash flow to pay down debt and drive a snapback in net income as well," says Ivan Feinseth. Cruise line stocks include Carnival (CCL), Norwegian Cruise Line (NCLH), and Royal Caribbean (RCL).

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30 Jun 2022

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