Is This Cruise Stock Due for Major Growth Ahead?
Lindblad Expeditions (NASDAQ: LIND) enjoyed its biggest-ever booking day earlier this year, eclipsing the previous one-day record by a whopping 14%. The New York City-based company thrills guests with once-in-a-lifetime voyages to the most remote parts of the planet.
According to Chief Commercial Officer Noah Brodsky, "Adventure travel is proving to be the break-out travel trend of the decade." Not to mention the company just posted its first positive operating income in 10 quarters. So is it time to buy this small-cap cruise stock? Let's take a closer look at Lindblad's recent developments.
Lindblad Expeditions reported 43% higher revenue last quarter than the same period in pre-pandemic 2019, the baseline year cruise companies compare current results to since COVID-19 hit. As for year-over-year improvement, the third quarter's nearly $145 million in sales marked a 100%-plus increase over Q3 of 2021.
Source Fool.com
