• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

  • CCL’s P/E valuation premium over RCL has widened to its highest level since Carnival’s acquisition of Princess in 2002.
  • Historically, CCL has a 2-3x premium over RCL on P/E valuation.  That spread has risen sharply in the past few months after narrowing in the midst of the Costa Concordia tragedy.
  • We expect the spread to narrow in the intermediate term due to RCL’s pricing outperformance for the rest of CY 2012.   

CHART DU JOUR:  CRUISE VALUATION SPREAD - CCL