Is anyone looking at the stocks in the cruise industry - CCL and RCL?
The stocks are being hit by high oil prices, decreasing yields (as I understand it, not occupancy, but what would be the cruise equivalent of REVPAR, or revenue per available room). This decrease in REVPAR I am guessing is partially being brought on by increasing capacity from new ship introductions (I am sailing on a huge new RCL ship, the Explorer, this fall, so maybe I'll benefit;>)).
Still, the stocks are as cheap as they've been in ages, RCL below book, both now have modest multiples.
I would be more inclined to look at CCL, which has a more diversified cruise mix, is bigger and is less leveraged. |
