Should You Buy Norwegian Cruise Line Stock?
Like its rivals, Royal Caribbean (NYSE: RCL) and Carnival (NYSE: CCL), Norwegian Cruise Line (NYSE: NCLH) has seen its business completely halted in the wake of efforts to stem the worldwide coronavirus pandemic. The cruise line finished its last cruise on March 13, and it does not plan to launch another one until April 11 -- though that date may very well be pushed back.
The company calls this a "voluntary" suspension of its operations but had it not stopped, it likely would have been forced to by the U.S. government (and by governments in the other countries where it sails to and from). This suspension of operations and the uncertainty of when it can resume sailing has caused shares in Norwegian to fall to $12.02 as of market close on March 27, down about 80% from a 52-week high of $59.78 a share.
Norwegian Cruise Line ships remain grounded and empty. Image source: Getty Images.
Source Fool.com
