In a truly organic market, 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 Caribbean Cruises Ltd (NYSE:).
Royal Caribbean Chart.
Here’s a longer-term view, illustrating how absurdly lofty they remain:
Royal Caribbean Multi-Year Chart.
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