THE GLOBAL INVESTOR
JEAN PIERRE VERSTER: No smooth sailing for cruise line shares
Does the drop in cruise line shares represent an attractive opportunity for the long-term investor?
The coronavirus is having a detrimental impact on the travel and tourism sector, with thousands of flights and hotel bookings already cancelled.
Shares in airlines, hotels and cruise lines have fallen sharply over the past month. Interestingly, out of these the cruise line sector has fallen the most — so does this drop represent an attractive opportunity for the long-term investor?