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CRUISE PRICING SURVEY FEB 2015

Takeaway: Caribbean was better in February but European risks remain

CALL TO ACTION

With oil prices no longer an EPS tailwind - bunker fuel gained 15% in February MoM - yields have to deliver. Our latest pricing survey uncovered mixed results, both from a market and company perspective.  Following the slowdown in our January pricing survey, pricing pivoted favorably, in part to one of the coldest February’s on record in North America.  CCL in particular seems to have improved.  However, Europe pricing moved lower again.  RCL pricing in this market was disappointing and we remain most cautious on the name. 

 

Please see our detailed note:

http://docs.hedgeye.com/CRUISE_PRICING_FEB_3.3.15.pdf

 


FLASH CALL ... *LIVE* Q&A with Hedgeye Healthcare Sector Head Tom Tobin @ 12:30PM ET

Hedgeye's Healthcare Sector Head Tom Tobin and Analyst Andrew Freedman will answer your questions on athenahealth (ATHN) and Hologic (HOLX) and more in this free and interactive Q&A event at 12:30PM ET today.  Post your questions in the chat box below the video. 

 

Please CLICK HERE


McCullough: This Is the Laughable ‘End Game’ of Central Planners

 

In this excerpt from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough answers a viewer’s question on the implications of current monetary policy.


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Q&A with Hedgeye Healthcare Sector Head Tom Tobin

Hedgeye's Healthcare Sector Head Tom Tobin and Analyst Andrew Freedman answered questions on athenahealth (ATHN) and Hologic (HOLX) and more in an open Q&A session this afternoon.

 

 


Keith's Macro Notebook 3/3 : USD | Oil | UST 10YR

 

Hedgeye CEO Keith McCullough shares the top three things in his macro notebook this morning.


MACAU: HEDGEYE MONTHLY UPDATE CONF CALL

MACAU: HEDGEYE MONTHLY UPDATE CONF CALL 

 

 

The Hedgeye Gaming, Lodging, and Leisure team will host a conference call tomorrow (Wednesday) at 1PM to discuss the latest Macau data and our overall thoughts on the market and the stocks.  Relevant tickers include:  LVS, WYNN, MGM, MPEL, 0027.HK, 1128.HK, 1928.HK, 2282.HK, 6883.HK, and 0880.HK.


Discussion Points:

  • The company and market details behind February’s 49% GGR decline
  • The true Mass/VIP split is masked by smoking ban related reclassifications of tables – we’ll get you the right numbers
  • Optically, March should look better than February but…
  • Revised 2015 monthly market projections
  • Hedgeye company EBITDA estimates vs the Street (LVS, WYNN, MGM, MPEL, and Galaxy Entertainment)
  • What if Analysis: Junket volumes go to zero

 

Please contact  for dial-in information.


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