Carnival: Restrictions Ending Are A Big Positive
- Carnival is priced for a restrictive Covid environment with the stock at $9.
- Canada and China are starting to remove Covid restrictions setting the cruise line for a full recovery in 2023.
- The stock remains too cheap at $9 with full earnings power of $2.50 to $3.00 a share once stripping out $1+ billion in additional interest expenses.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »