Today we are going to continue our theme of reopening stocks. OneSpaWorld is 100% a company that will benefit from positive vaccine news. They operate onboard spas and sell beauty products for a variety of cruise line companies. So maybe you got too much exposure to the Cruises… (Carnival, Norwegian), but you still want a reopening play… This is the name for you.
OSW IPO’d last year, so they’re a relatively lesser-known name. Like all reopening names, they’ve been killed this year and the share price reflects that. However, in the past month, they are up 40% to $8. A professor at school actually had originally pitched us this stock, and he gave OSW a price target of $30. OSW is a solid name with room to run.