The Carnival Stock Price Plunge Is An Opportunity

Manika PremsinghInvesting GroupFollow5ShareSavePlay(8min)CommentsSummaryCarnival Corporation has experienced a sharp decline due to macro risks stemming from regional instability and a fuel price rise, resulting in reduced profit guidance.However, CCL's market multiples are attractive, particularly compared to cruise sector averages, and its restart of dividends is a nice plus.The company's medium-term guidance for both earnings and debt-to-EBITDA is encouraging too, encouraging the retention of a Buy rating.Looking for more investing ideas like this one? Get them exclusively at Green Growth Giants. Learn More » Alexander Shapovalov/iStock Editorial via Getty Images Much has gone down with cruise operator Carnival Corporation & plc (CCL) (CUK) since I last checked on it in December. From then until early February, its price rose by noThis article was written byManika Premsingh4.49K FollowersFollowManika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing group, Green Growth Giants, takes the theme a step further from LTT with a deeper dive into opportunities presented by the segment.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CCL over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.