- Management and CLIA expect the resumption of pre-pandemic historical occupancy levels by FY2023.
- My DCF, comps analysis and market analyst consensus implies a 62% upside from Carnival's current price of $15.92.
- Top line growth are expected to bounce back, but net incomes are expected to be dragged down by high sustained interest payments until 24'-25'.
- The effects of the pandemic has left Carnival and the cruise industry with a "hemorrhage" balance sheet-wise.
- Investors can consider entering a position in Carnival, through multiple tranches, after positive confirmation of industry revenue guidance, and sufficient debt reduction plans.
For further details see:
Carnival: Large Upside, Circumspection Advised, Mixed Sentiments