I own RCL & CCL on a sector bet. I think cruise lines grow earnings and reduce leverage as they take advantage of reduced new capacity over the next few years.
Thanks, appreciate you reading! I've skimmed it but still need to read in detail. Interesting model with river cruises, Europe concentration and younger fleet. Will be interesting to have concentrated info on a luxury brand. Anything you found interesting in there?
I'm still getting up to speed on the industry (a big reason I appreciate your posts) so I don't have any strong opinions. I do like the fact that it's founder led and the CEO seems to be a smart operator, honing in on a specific niche and building off of that.
Hi Matt,
gutsy call to invest in this lousy business. Looking forward to your detail on CCL/RCL.
Tom
Great write up. Have you taken a look at Viking’s F-1?
Thanks, appreciate you reading! I've skimmed it but still need to read in detail. Interesting model with river cruises, Europe concentration and younger fleet. Will be interesting to have concentrated info on a luxury brand. Anything you found interesting in there?
I'm still getting up to speed on the industry (a big reason I appreciate your posts) so I don't have any strong opinions. I do like the fact that it's founder led and the CEO seems to be a smart operator, honing in on a specific niche and building off of that.