Carnival +30%
Carnival's first quarter fiscal 2022 earnings report contained solid financials. By summer, the company expects to reach a positive EBITDA, and revenue has reached the highest level since the spring of 2020. At the same time, sales per passenger cruise day (PCD) grew by more than 7%, and 75% of the ships are afloat
Meanwhile, revenue growth has offset rising spending and inflation, Carnival's bonds are at "junk bond" levels as Carnival reported $34.9 billion in long-term debt and short-term borrowing, and with the Fed rate hike, % on Bonds after reissuance will be high and the company's costs will increase very significantly. In the long run, I would not consider these stocks.
Buy
10.50
11.00
Sale
13.80
14.50
Meanwhile, revenue growth has offset rising spending and inflation, Carnival's bonds are at "junk bond" levels as Carnival reported $34.9 billion in long-term debt and short-term borrowing, and with the Fed rate hike, % on Bonds after reissuance will be high and the company's costs will increase very significantly. In the long run, I would not consider these stocks.
Buy
10.50
11.00
Sale
13.80
14.50
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