Is Carnival Stock Too Risky?
(NYSE: CCL)(NYSE: CUK) stock is little changed this year despite phenomenal performance across the board. The market is sensing risk here, but is the apprehension overdone? Let's see if Carnival stock is really too risky, or if the stock is undervalued.
Carnival has had a fantastic rebound from what might be called even lower than rock bottom. It's reporting record highs on several areas of its business, and it just keeps getting better.
Revenue in the fiscal 2024 second quarter (ended May 31) was a period record of $5.8 billion with record second-quarter operating income of $560 million. Operating margin was about the same as pre-pandemic levels.
Source Fool.com
