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Opinions Jim Cramer - Mad Money
Norwegian Cruise Line HoldingsNCLHTRADEFeb 23, 2024
Jim Cramer - Mad MoneyUnknown
$16.17
Stock price when the opinion was issued
$20.38
As of Jun 16, 2026. Market Open.
0
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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.
It reports Tuesday. There was enormous guidance hype from Royal Caribbean, which he doesn't expect NCLH to emulate, but this could be worth a trade on Monday.