Top 5 Stocks to Buy and Hold According to MIG Capital

3. Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

MIG Capital has owned a stake in Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) since Q3 of 2016 and stuck with the stock through a disastrous period for the cruise industry. The fund owned 1.85 million Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) shares on September 30, shares which have cratered in value by more than half since the start of the pandemic.

In its Q4 2020 investor letter, Miller Value Partners liked Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH)’s chances of coming out of the pandemic in decent shape and expected the travel industry to rebound far more than early expectations pegged for it. However, with omicron now becoming prevalent and some regions locking down and closing up their borders again, full recovery in travel could be years away.