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Tue, Feb. 9, 10:35 AM
- Cruise line stocks are scrapping out gains as they look to recover from a dismal start to the year. Carnival (CCL +0.5%), Royal Caribbean (RCL +2.1%), and Norwegian Cruise Line Holdings (NCLH +0.8%) are all moderately higher
- Beyond the headline macroeconomic news that can impact demand, cruise line operators are working through concerns over the Zika virus in the Caribbean.
- Positive drivers in the sector include the long-term potential in China, the low oil price environment, and premium pricing.
- YTD pain: Carnival -23%, Norwegian Cruise Line Holdings -34%, Royal Caribbean -33%.
Tue, Feb. 2, 11:32 AM
- The cruise line sector is being hit hard by weak guidance from Royal Caribbean.
- The company pointed to some weak pricing in the Mediterranean and Brazil (Olympics year) during its conference call.
- Norwegian Cruise Line Holdings (NCLH -8.4%) and Carnival (CCL -6%) are both lower off the weak outlook.
- Previously: Royal Caribbean Cruises beats by $0.02, misses on revenue (Feb. 2)
- Previously: Royal Caribbean slumps on soft full-year profit guidance (Feb. 2)
Thu, Jan. 28, 5:38 PM
Thu, Jan. 28, 11:38 AM
- The spread of the Zika virus in the Americas could have an impact on the cruise line sector.
- Royal Caribbean (RCL -3.8%), Carnival (CCL -2.9%), and Norwegian Cruise Line Holdings (NCLH -4%) have already gotten in front of the development by announcing that pregnant women can reschedule cruises to destinations impacted by the virus.
- The World Health Organization issued a stark assessment of the virus earlier today.
- Previously: WHO issues warning on Zika virus (Jan. 28 2016)
Dec. 9, 2015, 12:01 PM
- Norwegian Cruise Line Holdings (NCLH -3.2%) slips after Goldman Sachs downgrades the stock to a Sell rating from Neutral.
- The call is based off the expectation that net yields at Norwegian could be pressured by higher costs related to China and a two-week drydock of Pride of America.
- GS sets a $50 price target on the cruise line operator.
Nov. 9, 2015, 9:56 AM
- "We have significant available liquidity beyond the planned investment in the expansion of our fleet," says Lindblad Expeditions (LIND +2.1%) COO and CFO Ian Rogers, as the company - alongside its Q3 results - announces a $20M share/warrant repurchase program.
- Q3 tour revenue of $58.6M up 13.8% Y/Y. Adjusted EBITDA of $15.8M up 16.2%. Company says its on track to meet its full-year 2015 guidance, and sees early indicators of a strong booking pace for 2016 - 63% of ticket revenue for 2016 booked as of Oct.15 vs. 61% a year ago.
- Lindblad has an LOI for two new ships to be built, with expected deliveries in Q2 of 2017 and 2018.
- John McLain will join as new CFO, effective tomorrow, allowing Ian Rogers to focus on COO duties.
- SA author and Lindblad bull Dane Capital Management notes Lindblad has had a nice run higher since bottoming out in late August, but competitors RCL and NCLH have had even bigger moves. The two larger companies trade at 15x enterprise value/EBITDA vs. LIND at 10x.
- LIND's balance sheet affords not just the buyback and two new ships, but also the opportunity for bolt-on acquisitions, says Dane. It's an inexpensive growth story, currently ignored, but maybe about to change as sell-side coverage could soon begin.
May 20, 2015, 8:25 AM
- Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) are lower in early action after one of the company's ships struck a reef off the coast of Bermuda.
- The company says a temporary malfunction of the steering system is to blame for the mishap.
- Previously: Norwegian Cruise Line Holdings ship stuck after striking reef (May. 19 2015)
- NCLH -3.75% premarket to $55.15.
May 19, 2015, 5:40 PM
Apr. 20, 2015, 10:50 AM
- Cruise line stocks trade lower after 2015 guidance from Royal Caribbean comes in below expectations.
- Concerns in the sector include higher fuel prices, the impact of a strong U.S. dollar, and tepid demand from European travelers.
- Declliners: Carnival (NYSE:CCL) -0.7%, Carnival ADRs (NYSE:CUK) -1.2%, Norwegian Cruise Line Holdings (NASDAQ:NCLH) -1.7%.
- Previously: Royal Caribbean Cruises beats by $0.06, misses on revenue
- Previously: Royal Caribbean -5.8% after guidance disappoints
Mar. 27, 2015, 9:46 AM
- The cruise sector is rallying hard after Carnival beats on the bottom line and issues strong booking guidance.
- The benefit from lower oil prices during Carnival's quarter appears to have come in even larger than what some analysts forecast.
- Gainers: Norwegian Cruise Line Holdings (NASDAQ:NCLH) +4.4%, Royal Caribbean (NYSE:RCL) +5.0%, Carnival ADRs (NYSE:CUK) +4.9%.
- Previously: Carnival beats by $0.10, misses on revenue
- Previously: Carnival sees large FQ1 benefit from lower fuel costs
Mar. 6, 2015, 8:16 AM| Mar. 6, 2015, 8:16 AM
Feb. 24, 2015, 9:06 AM
Feb. 18, 2015, 11:01 AM
Dec. 18, 2014, 10:17 AM
- Wells Fargo thinks it will be several years before the cruise line sector benefits from the thawing of U.S. relations with Cuba.
- The investment firm isn't the only one sounding a warning that the sector got ahead of itself with excitement over the Cuba trade.
- The sector is under-performing on the day with a couple of downgrades impacting sentiment.
- Cruise line stocks: Royal Caribbean (NYSE:RCL) -0.4%, Norwegian Cruise Line Holdings (NASDAQ:NCLH) -0.3%, Carnival (NYSE:CCL) +0.6%.
Dec. 17, 2014, 12:27 PM
- While travel to Cuba strictly for tourism purposes remains prohibited for now, the U.S. is now allowing visits for a long list of other reasons, including family visits, journalistic activity, professional research, and educational and recreational activities.
- Also as part of the deal, American travelers will be allowed to import $400 worth of Cuban goods, including up to $100 of tobacco products. The products will not be allowed to be resold.
- This two-year-old profile of Thomas Herzfeld and his Caribbean Basin Fund (CUBA +35.8%) will be of interest. At the time of the article the fund held stakes in a number of companies who would likely see brisk additional business from an opening to Cuba, along with a number of securities - currently valued at zero thanks to the Castro's confiscations - which could rise from the ashes.
- One sector of interest is cruise ship operators: Royal Caribbean (RCL +3.4%), Carnival (CCL +2.7%), Norwegian Cruise (NCLH +1.6%).
- Other holdings of CUBA at the time of the article: Seaboard (SEB +0.7%) and Watsco (WSO +0.6%).
- Previously: U.S. and Cuba move to normalize diplomatic relations (Dec. 17, 2014)
Dec. 11, 2014, 3:54 PM
We are a leading global cruise line operator, offering cruise experiences for travelers with a wide variety of itineraries in North America (including Alaska and Hawaii), the Mediterranean, the Baltic, Central America, Bermuda and the Caribbean. We strive to offer an innovative and... More
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