📝 a post-earnings +7% rush

RCL 0.00 (royal caribbean cruises) reported expectation-beating numbers by a huge margin for q4 2022

• revenue jumped 165% to ~$2.6b from a year ago – this was partly because cruising activities were just that low in 2021 (the factset consensus was pretty much around the same at $2.6b)

• but it's the net loss figure that came in at $500.2m – net loss per share (yes, despite the killer report, the company is still at a loss) went down from $5.33 to $1.96 a share

💪 cruise is finally coming back

• ceo jason liberty said on tuesday that they are experiecing "a booked position approaching previous record highs and at higher prices"

• sure, that’s just the company management saying it, so we may need to take it with a grain of salt, but cfo of AXP 0.00 (american express) gave a hint in january that spending on travel and entertainment (aka pandemic-deferred vacations" is "just off the charts"

• imo: the cruise industry might be going through a long-term recovery rather than just a short term spike (not just RCL 0.00 but also CCL 0.00 and NCLH 0.00)

👀 so far this year

*as of writing

• RCL 0.00: up 52%

• CCL 0.00: up 49%

• NCLH 0.00: up 43%

• s&p 500: up 8%

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💡 something im thinking about

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as always, i’m no financial advisor! (i’m no substitute for professional financial services)