Is Norwegian Cruise Lines a Buy?
The cruise ship industry continues to take a much bigger hit than most other businesses during the COVID-19 pandemic. It remains shut down while virtually every other industry has reopened.
Although operators have raised substantial amounts of money through debt and equity offerings to stay afloat, the U.S. Centers for Disease Control conditional-sail order staying in effect until at least November could cause them even more severe financial consequences.
Norwegian Cruise Lines (NYSE: NCLH), however, has asked the CDC if it can declare its independence and begin sailing again on July 4, so let's see if that makes its stock a buy.
Source Fool.com
