Activist Stocks
Long/short equity, deep value, special situations, growth

Norwegian Cruise Line Has The Best Fleet In The Industry

Norwegian Cruise Line Holdings (NASDAQ:NCLH) is the smallest of the big three cruise line operators. Its market cap is only $6.3 billion, which is dwarfed by Carnival's (NYSE:CCL) $29 billion. The entire industry has underperformed given the flurry of mishaps. But Norwegian Cruise has actually underperformed Carnival by nearly ten percentage points over the last twelve months.

Yet, Carnival has been the biggest culprit for bringing negative publicity to the industry. Bad news for a couple operators has meant that the entire industry has suffered. But Norwegian Cruise still has a couple key advantages that position it as the only growth story in a very concentrated industry.

The road to recovery in the cruise industry is...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details