2024-04-08 21:19:57 ET
Summary
- Norwegian Cruise Line Holdings is experiencing record demand for new cruises, with strong booking and pricing trends.
- The company has an improved risk profile and valuation, putting shares into a potential buy-the-drop kind of situation.
- Norwegian Cruise Line Holdings has the potential for earnings growth through accelerated debt repayments in 2024.
Norwegian Cruise Line Holdings ( NCLH ) is seeing record demand for new ocean-going cruises amid a strong spending environment and an upward trajectory in cruise passengers after the COVID-19 pandemic. I believe the recent drop in the company's share price is a buy-the-drop kind of opportunity considering that the company is seeing impressive booking and pricing trends in its business. With the share price dipping lately, likely due to profit taking, I believe the risk profile has improved here, and I see upside due to the company’s improved ability to make accelerated debt repayments in 2024....
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Norwegian Cruise Line: 11X P/E And A Lever For Earnings Growth (Rating Upgrade)