Cruise Stocks: The Tax Storm in a Glass of Water?!
The tax debate is for cruise stocks like a sudden storm – uncomfortable, but not an existential threat to the industry!
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I strongly tend to see the ongoing tax debate surrounding cruise companies, which has triggered a sell-off in top companies like CCL, NCLH , etc., as a typical market overreaction. The recent stock declines of over 10% in Carnival, Norwegian , and Royal Caribbean following the statements by Trade Minister Lutnick seem exaggerated to me. And considering that Royal Caribbean alone more than doubled its value last year, this correction appears more like a healthy profit-taking. Additionally, the companies have long-standing experience with tax...
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