Carnival: A Small Hiccup That Sent Shares Tumbling

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About: Carnival Corporation & Plc (CCL)
by: D.M. Martins Research
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D.M. Martins Research
Long/short equity, value, contrarian, long-term horizon
Summary

Carnival's fiscal 4Q18 and 2019 outlook were far from disastrous, but also nowhere strong enough to prevent a sharp selloff on Thursday.

I believe CCL is trading now more on deteriorated sentiment than on potentially disappointing operational and financial results.

I will keep my hands off CCL at least until the stock shows clear signs of having found a bottom.

The results of the quarter were not bad at all.

This Thursday morning, Carnival Corporation (CCL) delivered revenue and EPS that largely met the Street's consensus and my own expectations. Revenues of $4.46