Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
sharewise is moving On the weekend of 22/23 August the new sharewise becomes the main site. Have a look now and tell us what you miss. Go to the new sharewise What changes
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why I'm Still Bullish on Carnival Stock

TheMotleyFool 
0 0 29.07.23
Why I'm Still Bullish on Carnival StockPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png
 

Inching closer to profitability each quarter, Carnival Corporation's (NYSE: CCL)(NYSE: CUK) impressive recovery is due to a "phenomenal" booking season that started in November of last year. During the company's earnings call in late June, CEO Josh Weinstein marveled at how this year's wave season was still "going strong midway through the year."

While the company celebrates recent successes, its stock trades more than 75% below its January 2019 all-time high. Here are three reasons why I'm still bullish on this cruise line stock.

Weinstein explained how "strengthened demand delivered outperformance in the second quarter for revenue, adjusted EBITDA, and the bottom line." Carnival's revenue landed at a new all-time second-quarter record of $4.9 billion.

Continue reading


Source Fool.com

Carnival plc Stock

Show more
Like: 0
CCL
Share

Comments

Not a member yet? Sign up for free!