2024-05-02 14:00:00 ET
Summary
- RCL remains a Buy, thanks to the excellent consumer demand and the cruise's robust pricing power, as observed in the higher deposits and growing profit margins.
- The company's strategic moves, such as effective fuel hedging and efficient operating expenses, have contributed to its improving bottom lines and raised FY2024 adj EPS guidance.
- With the cruise company likely to achieve its ambitious 2025 Trifecta goal in 2024 and the stock finally trading near its historical valuations, RCL remains a Buy at all dips.
We previously covered Royal Caribbean Cruises ( RCL ) in February 2024, discussing the excellent consumer demand and the cruise's robust pricing power, as observed in the higher deposits and growing gross profit margins....
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Royal Caribbean Keeps Delivering - Fade The Rally Before Adding