Royal Caribbean Is Down 20% From Its 52-Week High. Is the Dip Worth Buying?
The country's largest cruise line by market cap is doing better and trading cheaper than you probably think.
Overview
The ocean cruising industry can use a lifeboat. All three of the largest players are currently sporting double-digit percentage declines over the past year. Royal Caribbean (NYSE: RCL) -- the second-largest operator by revenue but the largest by market cap -- is faring the best with its 14% decline. The stock is also down 20% from last summer's all-time high.
The overall market is naturally higher at that time. The industry that seemed so resilient a year ago -- one of the more impressive turnaround stories in the travel sector -- is starting to take on water.
Details
Let's take a look at the momentum reversal at Royal Caribbean and then head to the port of potential opportunity.
Source
Originally published at www.fool.com.