Once-in-a-Generation Investment Opportunity: Why You Should Buy Carnival Stock Now
Carnival plc(CUK) The Motley Fool·2024-06-09 14:00
The price looks too good to pass up. Carnival is cruising again Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) more than doubled from last year in the first quarter to $871 million, and Carnival reported its third consecutive quarter of positive operating income. Free cash flow was $1.4 billion, near historical levels. However, while sales are at highs and net income is improving, the stock price remains suppressed. Net income has remained negative since the pandemic start ...