Why I'm Still Not Buying Cruise Line Stocks
The cruise line industry has gone from despair to hope in the last two weeks. Carnival Corp (NYSE: CCL) and Royal Caribbean (NYSE: RCL) have raised billions of dollars from debt and equity sales, and, along with Norwegian Cruise Line Holdings (NYSE: NCLH), are starting to come up with a plan to reopen to the public.
With debt and equity offerings, these companies' management teams have bought more time to wait until demand returns. But will people go on cruise ships in droves by summer 2020? I have my doubts -- and that's why I think cruise line stocks are nearly as fragile as they were a month ago.
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Source Fool.com
