The experience-driven expedition cruise market, although smaller than the luxury segment, has grown 450% over the last decade based on passenger capacity. In comparison, the luxury cruise market has only grown 119% since 2012.
As more and more adventurous cruisers abound, let's take a closer look at Lindblad Expeditions (NASDAQ: LIND) , an expeditionary cruise company that saw sales more than double last quarter. Based on Lindblad's recent performance and future outlook, is the stock currently a buy?
Lindblad Expeditions transports passengers on ship-based voyages across the world. The New York City-based company has also partnered with National Geographic to "produce innovative marine expedition programs and promote conservation and sustainable tourism around the world." Guests on Lindblad expeditions are accompanied by scientists, naturalists, and researchers who enrich the travel experience.
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After Doubling Revenue in Q3, Is It Time to Buy This Small-Cap Cruise Stock?