Carnival: Cheap Enough to Buy for a 6-Month Recovery
Carnival (CCL) is trading near $25 with a market cap of roughly $34.2B and an EV/EBITDA of 7.8. Strong recent operating recovery, record customer deposits and continued debt reduction argue for upside; geopolitical and fuel-cost risks argue for a tight stop. I outline a long trade with an entry at $25.00, stop at $22.50 and a $31.00 target over a 1…