Fly News Breaks for March 2, 2020
NCLH, CUK, CCL, RCL
Mar 2, 2020 | 09:26 EDT
After having recently hosted investors for the firm's annual South Florida Cruise Tour, Stifel analyst Steven Wieczynski said that the coronavirus outbreak has negatively impacted booking activity, but that all three major cruise operators indicated they are entering this crisis in better fiscal shape than prior events and "most" felt pretty upbeat, for now, about booked business for the second half of 2020 and 2021. He encourages investors to take advantage of the group's discounted valuation to add to positions for the long-term, although he acknowledges that the cruise industry is "not likely through the roughest of the coronavirus-induced seas at this point," Wieczynski said.
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