Down 22% in the Last Month, Why Lindblad Expeditions Stock Is a Buy
Adventure travel company Lindblad Expeditions (NASDAQ: LIND) has recently benefited from surging vacation demand. After sinking to an all-time low of $3.01 at the onset of the pandemic, its stock has since recovered more than 200% and now trades in the $9 area.
However, in the past month, Lindblad stock fell 22% as investors digested the company's second-quarter performance. Let's take a closer look at this consumer discretionary stock and why I think this recent drop has created a buy-the-dip opportunity for long-term investors.
Highlighting the favorable demand environment during the company's late July earnings call, CEO Sven Lindblad affirmed, "The pull to connect authentically with nature and culture is growing by the day."
Source Fool.com
