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Barchart
Mark R. Hake, CFA

Carnival Corp Produces Strong Q1 Results - CCL Stock Could Be Undervalued

Carnival Corporation (CCL) produced strong Q1 revenue gains, positive FCF margins, and an excellent outlook for the rest of the year. CCL stock is well off its highs and could be undervalued. Short-put investors can generate huge income yields.

CCL closed at $20.94 on Friday, March 21 - well off its high of $28.49 on Jan. 30, and up from a recent low of $19.20 on March 11.

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