Carnival: Multitude Of Challenges Ending

 

  • Carnival reported another difficult quarter due to the Omicron variant, but the cruise line is now a month away from operating at full capacity.
  • The company forecasts turning EBITDA profitable within months and generating a profit in FQ3'22.
  • The stock is exceptionally cheap with a clear path back to a $3+ EPS.
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While Carnival (NYSE:CCL) didn't report a perfect quarter for the period ending in February, the cruise line is moving ahead towards a full recovery. The company is now on the verge of returning to strong profits with full operations launching by May. My investment thesis remains Bullish on the stock while the market focuses too much on short-term issues, such as higher fuel prices.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Update - April 4 

  • Carnival Cruise Line (NYSE:CCL) announced that the one-week period of March 28 to April 3 was its busiest booking week in the company's history.
  • The cruise line brand saw a double-digit increase from the previous record 7-day booking total with 22 of its 23 ships back in guest operations across all its year-round U.S. homeports. The final ship, Carnival Splendor, will return to service from Seattle on May 2.
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