Royal Caribbean Cruises Ltd (RCL) Nasdaq Stock Hits 52-Week High
Royal Caribbean Cruises Ltd. (RCL)
stock achieved a new 52-week high on September 12, 2014,after ten months of steady climb beginning October 17,2014 at 38.78.
The stock climbed in the past 52 weeks exceeding past highs and recovers the catastrophic losses during the huge sell off in 2009, when the stock plummeted.
On March 2, 2009, RCL hit a dismal 5.50 a share, after deteriorating net income, generally higher debt management risk and disappointing return on equity triggered a huge sell off.
Increasing fuel costs and lower bookings resulting in heavy discounting of cruise packages as Royal Caribbean Cruises struggled to fill cabins aboard their cruise ships, then, suspended its dividend.
RCL fought to regain investor support by expanding ports of call, adding innovative amenities to their cruise ships and ordering larger and more advanced cruise ships, taking the cruise industry by storm.
The 2009 build of Oasis of the Seas, ordering of Quantum of the Seas which was Floated out August 13, 2014 and the ordering of Anthem of the Seas to be floated out in Spring 2015, have proven to the public and investors, Royal Caribbean has figured out what the cruising public seeks in ship design and amenities and can provide an amazing cruise experience.
Royal Caribbean Cruise Line has three more Quantum Class cruise ships planned, two for launch in 2016 and the third in 2018.
Supporting Information & Resources:
Cruise Ship Passenger Travel Alerts
Cruise Ship Statistics - Suggested Reading