Slowing Yield Growth Hits Carnival Shares, Providing Margin of Safety; Modestly Undervalued
Narrow-moat Carnival's shares tumbled after company commentary suggesting that first-half 2019 yield growth could be slower than fourth-quarter 2018 guidance (1%-2%). However, further detail on interim pricing weakness implied that this was largely regarding Caribbean demand, lapping a serious weather season last year that affected 2018 regional demand. In our opinion, this issue should be transitory and is unlikely to repeat in 2019, especially since the Caribbean has experienced a relatively q...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.