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Saturday, August 22, 2020 11:33:39 AM
In the said letter, Mittleman Brothers' highlighted a few stocks and Carnival Corp (NYSE:CCL) is one of them. Carnival Corp (NYSE:CCL) is a cruise company. Year-to-date, Carnival Corp (NYSE:CCL) stock lost 71.4% and on August 20th it had a closing price of $14.54. Here is what Mittleman Brothers' said:
"The third best performer in Q2 was Carnival Corp. (CCL). The position was established at around $8.33 per share with roughly half sold at prices between $14 and $25. The current downturn in the cruise business is unprecedented, but CCL is well equipped to survive it, with access to capital through asset sales or mortgages. Add to this a very loyal and growing hoard of customers that really, really loves the cruise experience, despite the increasingly obvious drawbacks. Actual FCF is much greater than it appears as regular spend on new ships are not just replacements but are generally growth initiatives. Running with limited capital spend the FCF would be immense, around $2B per year on $5B in EBITDA (normalised). MIM puts fair value for CCL close to $40 at 9.4x EBITDA and 14x FCF."
Top 10 Countries With The Highest Immigration to US
Top 10 Countries With The Highest Immigration to US
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Last month, we published an article revealing that Silver Ring Value Partners LP is bullish about Carnival Corp (NYSE:CCL) stock. The investment firm believes that the company would emerge stronger from the coronavirus crisis.
In Q1 2020, the number of bullish hedge fund positions on Carnival Corp (NYSE:CCL) stock decreased by about 9% from the previous quarter (see the chart here), so a number of other hedge fund managers don't seem to agree with Carnival's upside potential. Our calculations showed that Carnival Corp (NYSE:CCL) isn't ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds' poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Recent CCL News
- Around the World in 114 Days with Princess Cruises! • PR Newswire (US) • 05/02/2024 01:30:00 PM
- Holland America Line Begins Pilot Test of Renewable Fuels on its Flagship, Rotterdam • PR Newswire (Canada) • 05/02/2024 12:00:00 PM
- Holland America Line Begins Pilot Test of Renewable Fuels on its Flagship, Rotterdam • PR Newswire (US) • 05/02/2024 12:00:00 PM
- See the Northern Lights on Every Princess Cruise to Alaska in 2024 • PR Newswire (US) • 05/01/2024 01:30:00 PM
- Holland America Line Strengthens Love for Alaska with Guarantee of Glacier Viewings on Every Alaska Cruise and Cruisetour • PR Newswire (US) • 05/01/2024 12:00:00 PM
- Holland America Line Strengthens Love for Alaska with Guarantee of Glacier Viewings on Every Alaska Cruise and Cruisetour • PR Newswire (Canada) • 05/01/2024 12:00:00 PM
- Princess Cruises Announces Revised 2025 World Cruise Itineraries • PR Newswire (US) • 04/30/2024 01:30:00 PM
- Carnival Corporation Completes Fleetwide Rollout of LR OneOcean Environmental Compliance & Passage Planning Software • PR Newswire (US) • 04/30/2024 01:15:00 PM
- Carnival Corporation & plc Announces Closing of €500 Million 5.75% Senior Unsecured Notes Offering and Repricing of Senior Secured First Lien Term Loan B Facilities as Part of Ongoing Debt and Interest Expense Reduction • PR Newswire (US) • 04/25/2024 08:05:00 PM
- Princess Cruises Unveils Exclusive New Sanctuary Collection Aboard Sun Princess and Star Princess • PR Newswire (US) • 04/24/2024 12:30:00 PM
- Award-Winning Actress Hannah Waddingham Officially Christens Sun Princess in Awe-Inspiring Ceremony • PR Newswire (US) • 04/23/2024 08:24:00 PM
- Princess Cruises Unveils Exclusive New Sanctuary Collection Aboard Sun Princess and Star Princess • PR Newswire (US) • 04/23/2024 12:30:00 PM
- SEABOURN PLANS SPECIAL ENTERTAINMENT AND ACTIVITIES TO COMMEMORATE SEABOURN ODYSSEY'S FAREWELL VOYAGE • PR Newswire (US) • 04/22/2024 07:12:00 PM
- Carnival Corporation & plc Announces Pricing of €500 Million 5.75% Senior Unsecured Notes Offering for Refinancing and Interest Expense Reduction and Successful Repricing of Senior Secured First Lien Term Loan B Facilities for Interest Expense and Debt R • PR Newswire (US) • 04/19/2024 08:05:00 PM
- Cunard Officially Welcomes New Ship Queen Anne with Ceremony at Fincantieri Shipyard • PR Newswire (US) • 04/19/2024 05:18:00 PM
- Cunard Officially Welcomes New Ship Queen Anne with Ceremony at Fincantieri Shipyard • PR Newswire (Canada) • 04/19/2024 05:18:00 PM
- SEABOURN ANNOUNCES WESTERN KIMBERLEY TRADITIONAL OWNERS, WUNAMBAL GAAMBERA, AS GODPARENTS OF SEABOURN PURSUIT • PR Newswire (US) • 04/18/2024 06:00:00 PM
- Holland America Line Set to Debut New 'Glacier Day' and Enhanced Alaska-Focused Experiences on Every Alaska Cruise in 2024 • PR Newswire (Canada) • 04/17/2024 02:15:00 PM
- Holland America Line Set to Debut New 'Glacier Day' and Enhanced Alaska-Focused Experiences on Every Alaska Cruise in 2024 • PR Newswire (US) • 04/17/2024 02:15:00 PM
- Carnival Corporation & plc Announces the Redemption of Existing €500 Million Notes and Launch of New Senior Unsecured Notes Offering for Interest Expense Reduction; Launch of Repricing of Senior Secured First Lien Term Loan B Facilities with Partial Repa • PR Newswire (US) • 04/16/2024 08:27:00 AM
- Carnival Corporation & plc Announces Maritime Executive Changes Effective Feb. 1, 2025 • PR Newswire (US) • 04/15/2024 07:00:00 PM
- Carnival Corporation & plc Announces Maritime Executive Changes Effective Feb. 1, 2025 • PR Newswire (US) • 04/15/2024 07:00:00 PM
- Princess Cruises Rolls Out Fleetwide Dining Revolution: Traditional, Reservable, Open Seating, and Anywhere Service Now Available for Every Guest Preference • PR Newswire (US) • 04/13/2024 06:30:00 PM
- Holland America Line Enhances Entertainment with New Productions, Music Lineup and Destination-Specific Performances • PR Newswire (Canada) • 04/11/2024 02:00:00 PM
- Holland America Line Enhances Entertainment with New Productions, Music Lineup and Destination-Specific Performances • PR Newswire (US) • 04/11/2024 02:00:00 PM
FEATURED NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM