Royal Caribbean Reiterates Strategy and Guidance at Investor Meeting; Shares slightly Undervalued
Narrow moat Royal Caribbean confirmed its 2016 EPS outlook of $6.00-$6.10 and the goals underlying its Double-Double plan by the end of 2017 at an investor meeting on its newest ship, Harmony of the Seas. Commentary surrounding the strength in both Europe and the solidity of sourcing North American consumers implies the company is not suffering to the same degree as at least one of its competitors from waning demand surrounding geopolitical events, thanks to its broader sourcing markets. It also...
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