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Opinions Stan Wong
Norwegian Cruise Line HoldingsNCLHTOP PICKOct 12, 2017
Stan WongOwned
$58.86
Stock price when the opinion was issued
$19.83
As of Jun 17, 2026. Market Open.
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BUY
The cruise lines had a great run last year, but stalled this year. However, recently they are bouncing back. Late-July, NCLH returned to service and last weekend they had their first U.S. cruise, post-Covid, from Seattle to Alaska. By the end of this quarter, NCLH expects to operate at 40% capacity, 75% by end year's end, and 100% by April 2022. They reported last week that they are still losing money, but bookings are strong, especially for 2022. Last weekend, they won a key court case in Florida to refuse service to unvaccinated customers and crew.
BUY
Rising oil prices are a concern, but what really worries him is the lawsuit that Norwegian Cruise Line filed (against Florida to cease FLA's ban on vaccine passports). With the Delta variant coming, he'd buy NCLH over other cruise lines, like Carnival.
BUY
Question about Carnival Cruiselines He prefers Norwegian due to a better balance sheet, raising cash and a good CEO.
The world’s third-largest cruise company by berth, in terms of number of total beds. Operates about 25 ships across 3 different brands. They plan to introduce 7 more ships through 2025, meaning they are going to increase capacity much faster than Royal or Carnival. Has a lot of runway when it comes to China, Europe, etc. because they are not as well exposed there. They have freestyle cruising which allows the older demographics to bring families on board. (Analysts’ price target is $65.)