Seems Like Smooth Sailing

If you have been with us from the start you will remember the post, “Shipwreck or Smooth Sailing” posted on May 13th in regards to the cruise line industry. It discussed how the industry was receiving funding despite its deep cash wallets and how investors viewed it to have reached its bottom. Since then, Royal Caribbean (RCL) has gone up 24 dollars to $58.11 today, Carnival (CCL) has gone up 5 dollars to $17.25, and Norwegian (NCLH) has gone up 8 dollars to $17.98. This is about a 3 week rise up for the industry which has sights to start sending out cruises again before the end of the summer. Barring any market setbacks, the industry is proving the worst is behind us while it still has plenty of room back to the top and good news to go with it. RCL was trading at $134 dollars at one point right before the huge market crash. This leaves almost 80 dollars of growth for the stock which it seems to really be starting to eat up.

-Darnel Shillingford

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