Is Carnival (CCL) Still Attractive After Its Recent Share Price Rebound?
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If you are wondering whether Carnival Corporation & at around US$30.18 is still good value after its rebound, you are not alone.
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The stock has seen a 6% decline over the last 7 days, a 5.5% gain over 30 days, is down 2.4% year to date, yet is up 21% over 1 year and has a very large 3 year return that is close to 2x, as well as a 45.2% gain over 5 years.
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These moves sit against a backdrop of ongoing investor interest in cruise operators, including coverage of Carnival’s efforts to manage its capital structure and refine its route and capacity planning. Recent commentary has also focused on how cruise demand trends and fuel costs may affect sentiment around the company.
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On our checks, Carnival Corporation & scores a 6/6 valuation…
