When Will it Be Safe to Board Cruise Stocks Again?
One of the hardest-hit industries in the wake of the COVID-19 outbreak is undeniably the cruise lines. The three major publicly traded players -- Carnival Cruise Line, Royal Caribbean International, and Norwegian Cruise Line -- have been slammed in recent weeks, shedding as much as two-thirds of their peak values.
It's not a surprise to see investors disembark from these rocky investments. There are horror stories of folks quarantined on ships with hundreds of confirmed coronavirus cases, including a handful of casualties. And just when you thought the news couldn't get any worse for the reeling industry, the U.S. State Department and the Centers for Disease Control (CDC) issued advisories over the weekend suggesting Americans avoid boarding cruises, given the heightened risk of contracting COVID-19 on the ships.
Image source: Carnival.
Source Fool.com
