5 Reasons Cruise Line Stocks Will Never Bounce Back
It's been rough for cruise line stocks since Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) have been accused of being floating Petri dishes during the coronavirus crisis. There is no clear timeline for when vessels will start sailing again, and it's unclear when there will be optimism for the travel niche.
I'm not entirely bearish on the investments. I've pointed out the silver linings of the industry at current valuations, and last week even offered up a scenario where the three stocks go on to double from current levels. However, taking out the all-time highs we saw for Carnival two years ago and at Royal Caribbean and Norwegian in January -- an exercise that would require the stocks more than quadruple if not quintuple -- just doesn't seem realistic anymore. Let's go over some of the reasons why investors may never be able to party like it's 2019 again.
Image source: Royal Caribbean.
Source Fool.com
