Norwegian Cruise Line: Investing Time Horizon Is Key

  • Norwegian Cruise Line Holdings has been an underperformer this year compared with consumer discretionary and cruise sector peers, down 26% YTD. This is due to the potential impact of cruise taxes at a time when the company's occupancy rates are already affected by the dry docking of big ships. But its low market multiples, sustained profit outlook, and history of growth work in its favour and can reward patient investors.