CUKPF - Carnival: Strong Start To 2024

2024-04-01 14:50:18 ET

Summary

• Carnival Corporation & plc has achieved real operating profitability after incurring significant losses during the pandemic period.
• The company has seen a solid start to 2024, with an upward revision to the full-year outlook.
• Despite progress, leverage and cash flows remain concerns, making it necessary to wait for a better risk-return profile before investing in Carnival stock.

I have grown more appreciative of shares of Carnival Corporation & plc ( CCL ) since the company turned the ship last year, achieving real operating profitability. This was desperately needed after losses incurred during the pandemic period, resulting in a subsequent debt build, were both significant and worrisome....

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