Carnival Corporation: Continued Expected Progress Still Doesn't Make It A Buy

alzay Since the last time I wrote about the cruise company Carnival Corporation (NYSE:CCL) (NYSE:CUK) (OTCPK:CUKPF) a quarter ago, its price has barely moved. This is actually a better than expected outcome. I had downgraded the stock exactly because it was hard to see further price gains for it. My estimates indicated that a 15-20% correction is possible. And it did happen. By mid-April, the stock was down by some 16% before picking up in fits and starts from there. But something else happened as well. ...