Mar. 4 at 9:23 PM
$RCL who went up 20% on its earnings, and CCL that I believe went up on its earnings are now basically trading near
$NCLH for YTD. Also before people talk about Elliott is going to save
$NCLH. Remember, how they day traded in and out of
$LUV (southwest airlines). Elliott pathetically entered around
$40 when UAL was at
$40. Elliott slashed and burned and then exited around
$40. I am not sure what track record Elliott has overall but this experience should be illuminating. It's presentation on
$NCLH was also pretty sad. It showed how
$NCLH has lagged its peers everywhere. UHH DUH! And then they showed some charts where if
$NCLH closed the gap that it would be worth
$50 a share. But the devil is lost in the details. Anyone can put on industry leading metrics onto a crappy company and say it's worth 2.5X more.