In a truly organic market, the cruise liners would all be trading for about three cents per share right now, but they’re not. All the same, a little bit of the incredibly grim reality (AKA their future) is seeping in, and my best short this morning is Royal (ha!) Caribbean RCL.
(Click on image to enlarge)
Here’s a longer-term view, illustrating how absurdly lofty they remain:
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.