NEW YORK - Lindblad Expeditions Holdings, Inc. (NASDAQ: NASDAQ:LIND), a prominent figure in the expedition cruise and adventure travel industry, has announced the acquisition of Wineland-Thomson Adventures, Inc., a move that broadens its offerings and consumer base. This strategic acquisition, completed through Lindblad's subsidiary Natural Habitat, Inc., includes the renowned Tanzania safari specialist Thomson Safaris and the award-winning Gibb's Farm lodge.
Wineland-Thomson, known for its socially responsible and eco-friendly safari tours, has been operating for over 40 years and is recognized by publications such as Condé Nast Traveler and Travel + Leisure for its excellence in adventure travel. The acquisition is seen as a natural extension of Lindblad's commitment to providing immersive and authentic travel experiences while fostering conservation and sustainable tourism.
Sven-Olof Lindblad, CEO of Lindblad Expeditions, expressed the company's intent to continue expanding its adventure travel offerings and enrich the experiences of its guests. He emphasized the importance of being stewards of the Wineland-Thomson brands and honoring the legacy of its founders, Judi Wineland and Rick Thomson.
Natural Habitat Adventures, which became part of the Lindblad family in 2016, has witnessed substantial growth, according to its Founder and President Ben Bressler. The acquisition is expected to further enhance the company's land-based offerings in East Africa, particularly in the small-group safari segment.
Judi Wineland echoed the sentiment of finding a perfect match in Lindblad Expeditions and Natural Habitat, ensuring the continuation of tourism as a force for good.
Lindblad Expeditions collaborates with National Geographic to promote exploration and conservation, while Natural Habitat partners with the World Wildlife Fund to support sustainable travel initiatives. The company's diverse portfolio also includes cultural walking tours through Classic Journeys, luxury bike tours via DuVine, and active outdoor adventures with Off the Beaten Path.
This expansion is part of Lindblad's ongoing strategy to attract a broader audience and enhance the value offered to its loyal guests. The acquisition promises to maintain the unique identity of Wineland-Thomson's operations while leveraging Lindblad's resources for future growth.
The information in this article is based on a press release statement from Lindblad Expeditions.
InvestingPro Insights
As Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) ventures into new territories with the acquisition of Wineland-Thomson Adventures, investors and market watchers are closely observing the company's financial health and stock performance. In light of this strategic move, here are some recent insights from InvestingPro that could be pertinent to stakeholders:
InvestingPro Data reveals that Lindblad Expeditions has a market capitalization of $390.03 million, reflecting the size and scale of the company in the expedition cruise and adventure travel market. Despite the company's significant revenue growth of 35.12% over the last twelve months as of Q4 2023, it is important to note that Lindblad has been trading at a negative P/E ratio of -7.81, indicating that the company is currently not profitable.
Moreover, the stock has experienced considerable volatility, with a 1-month price total return of -21.76% and a 3-month price total return of -21.0%, as of the most recent data. This suggests that the market may have concerns regarding the company's short-term financial outlook, which could be influenced by factors such as the significant debt burden and the fact that short-term obligations exceed liquid assets, as highlighted in InvestingPro Tips.
InvestingPro Tips underline that analysts do not anticipate Lindblad will be profitable this year, and the stock has fared poorly over the last month. These aspects could be critical for potential investors to consider when evaluating the company's future performance, especially in the context of the recent acquisition.
For those interested in a deeper analysis of Lindblad Expeditions and personalized investment tips, InvestingPro offers a comprehensive suite of tools and insights. There are additional InvestingPro Tips available, providing a more nuanced understanding of the company's financial health and stock performance. To take advantage of these insights, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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