1 Reason to Be Very, Very Excited About Carnival Stock Right Now
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Carnival stock is recovering from pandemic lows, boosted by potential interest rate cuts from the Federal Reserve. Despite trading below pre-pandemic highs, the company is experiencing record revenue and demand, with positive net income growth. However, it faces over $27 billion in net debt, which management is actively reducing. The stock is currently undervalued at 1.6 times trailing sales and has risen 93% in the past year, with expectations for further gains as financial conditions improve.
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