Food for thought - CCL - 5/17 $16c
Posted: Apr 05, 2024
- CCL (Carnival Corporation) has had positive operating profits for four straight quarters. - Revenue and bookings are at all time highs for CCL, with strong customer deposits. - The cruise industry is expected to see annual growth in passenger numbers of 6.34% through 2027. - CCL has a 39.5% market share in the cruise industry. - RCL and NCLH also have positive earning reports, with upcoming quarterly earnings reports. - CCL is considered undervalued compared to RCL and NCLH, making it a good value play and long-term hold. - CCL has significant long-term debt, but has shown improvement in operating cashflow. - CCL has new cruise ships planned for the future, indicating long-term growth potential.
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