Norwegian Cruise: Ignore The Double Downgrade

Summary

  • Norwegian reported a mixed Q3'22 earnings report, but the cruise line continues to promote a very strong 2023.
  • The company guided to record adjusted EBITDA in 2023 with bookings soaring since the removal of covid restrictions.
  • The stock is cheap based on normalized EPS targets of at least $2 to $3 a few years out.
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Cruise Ship In Lockdown At Sydney Harbour Over Coronavirus Fears

Lisa Maree Williams/Getty Images News

The market continues to dump on the cruise lines, but Norwegian Cruise Line Holdings (NYSE:NCLH) reported a solid quarter last week. The cruise line repeated the mantra of strong bookings in 2023 with the covid restrictions stripped away, but an

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Stone Fox Capital Advisors, LLC is a registered investment advisor founded in 2010. Mark Holder graduated from the University of Tulsa with a double major in accounting & finance. Mark has his Series 65 and is also a CPA.


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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

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