What Would It Take for Carnival, Royal Caribbean, and NCL to Double From Here?
If you're rolling the dice at the cruise-line stock casino, you know the risks. You can lose it all if Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), or Norwegian Cruise Line Holdings (NYSE: NCLH) buckle the bankruptcy belt, but you also know that there's a lot of upside if things go right.
The three stocks have fallen 75% to 81% from their January highs. They would have to at least quadruple to revisit their recent peaks, but let's not be too greedy here. We've seen what happens when folks on floating casinos get cocky. Let's go over what it would take for the stocks to double (a healthy haul over a couple of years) even if it's just half of where the three stocks were three months ago.
Image source: Royal Caribbean.
Source Fool.com
