Norwegian Cruise Line (NCLH) CEO Frank Del Rio is really surprised his stock is down 11% this year and trades at only 15 times forward earnings.
To him, Wall Street -- concerned about growing supply growth in the cruise line industry -- is being irrational. Del Rio tells TheStreet his ships are packed out for this year at higher prices. Further, 2019 bookings are off to a strong start.
Shares of the company popped 5% on Thursday following better than expected second quarter earnings.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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