Are You Ready to Buy Carnival, Royal Caribbean, and NCL?
Few industries have been as battered as the cruise lines in recent weeks. This week's rally in some of the market's hardest hit stocks still finds Carnival Cruise Line (NYSE: CCL) (NYSE: CUK), Royal Caribbean International (NYSE: RCL), and Norwegian Cruise Line (NYSE: NCLH) trading 69% to 72% below their 52-week highs as of Wednesday's close.
Low trailing earnings multiples and chunky yields make this a midnight buffet for income and value investors, but there's a lot more to sizing up the cruise lines than a look back. This isn't 2019 anymore. Ships aren't leaving the ports anytime soon, and even when the industry gets the all-clear at the other end of the coronavirus crisis, it's going to be a hard sell to get passengers back on board in the near term.
Image source: Royal Caribbean.
Source Fool.com
