Why Norwegian Cruise Won't Miss This Iceberg

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Ironside Research


  • Norwegian Cruise is facing down a financial iceberg of its own making.
  • Bookings currently lag 2019 levels, and the war in Ukraine has placed heavy pressure on EBITDA.
  • The company is slated to grow its fleet at a rapid pace in the next few years, and the timing could not be worse.
Norwegian Cruise Line Cancels 8 Cruise Ship Voyages

Joe Raedle

Cruising Along The Fence

While COVID hit most industries with substantial headwinds and challenges, few were hit harder than cruise lines. As an extremely capital-intensive business, the cruise business is uniquely situated to fare poorly in a mass-lockdown environment amid a pandemic with

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Ironside Research profile picture
Looking for value, or lack thereof, throughout the market. Long by nature, short by necessity, generally contrarian.

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: Disclaimer: 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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