Here are highlights:
- The next few quarters will be brutal for the industry. You can't make money if you're not generating any revenue.
- Analysts feel that Carnival, Royal Caribbean, and NCL have at least five to six months of liquidity available before they need to raise capital to stay afloat.
- Things look grim, and investors attracted to the beefy payouts may get burned.
- Royal Caribbean earning as little as $1.33 a share in 2021 after losing more than $3 a share this year.
- These stocks would now have to more than triple to get back their peaks, and under kinder climates they may be able to beat the market in the next couple of years on the way there.
- The bar has also never been lower to come through with market-thumping returns.
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