3 Reasons to Sell Norwegian Cruise Line Stock Now
This has been a rough year for all three of the country's publicly traded cruise lines, but the smallest player is having the hardest time of the lot. Carnival (NYSE: CCL) (NYSE: CUK) and Royal Caribbean (NYSE: RCL) are trading 68% and 51% lower, respectively, as of Tuesday's close. Those shareholders are in a world of hurt, but smaller rival Norwegian Cruise Line (NYSE: NCLH) is getting even smaller with its 71% year-to-date drop.
You may think a lot of pessimism is priced into a stock where every $1 invested at the beginning of the year is worth $0.29 now, but hold on to your life preservers. We may not have seen the worst of the maelstrom at Norwegian Cruise Line. Let's go over some of the reasons the struggling cruise line operator may keep drifting lower in 2020 and beyond.
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Source Fool.com
