Is Royal Caribbean the Only Cruise Line Stock Worth Buying?
Cruise line stocks made some big waves this week. Industry leader Carnival (NYSE: CCL) (NYSE: CUK) announced that it will begin sailing again in August. Norwegian Cruise Line Holdings (NYSE: NCLH) was initially rattled after a filing warning about its ability to continue as a "going concern," only to recover slightly after lining up more than $2 billion in new liquidity.
Royal Caribbean International (NYSE: RCL) didn't make the same kind of noise as its peers. It didn't follow Carnival into committing to a handful of named ships sailing out of three specific ports this summer. It didn't put out the same cautionary boilerplate language as Norwegian Cruise Line, largely because it lined up necessary financing earlier in this crisis. However, for one of the industry's hardest hit industries of 2020, Royal Caribbean is starting to stand out at the class act in this niche. If you have the stomach to buy into the cruise industry in these uncertain times, you can do worse than buying into Royal Caribbean.
Image source: Royal Caribbean.
Source Fool.com
