Opinions
Jim Cramer - Mad Money
Norwegian Cruise Line Holdings
NCLH-N
BUY
Oct 19, 2022
Norwegian has a better balance sheet than Carnival and will still do well in a downturn.
$13.910
Stock price when the opinion was issued
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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.
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