NEW YORK, July 1 Royal Caribbean Cruises Ltd
, whose shares have been torpedoed amid a cooling global
economy and the wreck of rival Carnival Corp's "Costa
Concordia" in mid-January, could rebound next year, the business
weekly Barron's wrote in its July 2 edition.
While bookings will likely remain low through most of this
year because cruises are booked months in advance, fuel costs
and operating expenses are falling and memories of the disaster
are likely to fade, the publication said.
The stock is cheap, trading at under ten times next year's
estimate's earnings, and analysts expect profit to rise 34
percent in 2013 to $2.68 a share. Longer term, they expect
shares to climb to the low- to mid-$30s, Barron's said.