The provided document contains information about LIND (Lindblad Expeditions Holdings Inc). It highlights various factors that influenced the company’s revenue and performance, such as the impact of the Zika virus and terrorist attacks in Europe, as well as unplanned engine repairs. Despite these temporary setbacks, LIND’s expansion plans appear to be on track, with high demand for their expeditions and the successful operation of their ships. The document also mentions the company’s efforts in warrant and share buybacks, as well as the strong leadership and capital allocation skills of its CEO, Sven-Olof Lindblad.
Overall, the document suggests that LIND’s weak revenue in 2016 was due to transient factors, indicating potential for future growth. The company’s moat is strengthened by its strong brands and learning curve, and it is seen as having an understandable and analyzable business. The document concludes with a target price range for LIND’s shares and warrants, projecting positive returns in the late 2019 to early 2020 timeframe.
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