- Travel and leisure stocks have been one of the biggest losers of the pandemic, with cruise stocks seemingly drawing the short stick.
- With lockdowns and travel restrictions in place, cruise companies had no ability to operate and generate cash flow, leading to aggressive debt and equity financing.
- As a result, Norwegian Cruise Line is going to have a difficult time mounting a meaningful post-pandemic recovery.
- In the end, even with a 65% pre-pandemic discount, Norwegian seems to have little to offer to potential investors other than headaches and more problems down the road.
For further details see:
Norwegian Cruise: More Trouble On The Horizon