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Globe and Mail
10 hours ago
- Globe and Mail
Down 59%, Is Carnival Stock a Once-in-a-Generation Investment Opportunity?
Key Points Carnival is experiencing robust demand that's driving continued revenue growth. Soaring profits are helping the business improve its debt profile, reducing financial risk for investors. Even after the stock's strong performance, the valuation is below the market average. 10 stocks we like better than Carnival Corp. › Carnival (NYSE: CCL)(NYSE: CUK) was decimated when the COVID-19 pandemic hit in 2020, as operations were halted to help stop the spread of the virus. Revenue tanked, and the business had to take on more debt to survive with the fate of the economy being a big unknown. However, Carnival is firing on all cylinders these days. This travel stock has soared 202% in the past three years (as of July 22). But shares still trade a gut-wrenching 59% off their peak. At the current price, is Carnival a once-in-a-generation investment opportunity? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Smooth sailing As the economy opened back up and consumer behavior normalized following the early days of the health crisis, there was robust demand for travel. The cruise industry has benefited tremendously, with Carnival posting strong financial performance. After sales hit a low of $1.9 billion in fiscal 2021, they came roaring back. Fiscal 2024's revenue of $25 billion was 13 times higher than that total three years prior. And in the most recent quarter (Q2 2025 ended May 31), Carnival registered an 8.6% top-line gain. In fact, the sales figure was a Q2 record. "Our guests continue to look to us as their preferred vacation choice given the amazing experiences our cruise lines provide," CEO Josh Weinstein said in a press release. However, the current economic climate, one where uncertainty is the key word, isn't making things easy. Throw in President Donald Trump's unpredictable trade policies and ongoing geopolitical turmoil, and it makes sense people are pulling back spending. The cruise industry, however, is positioned to continue its success. One reason why is that it's doing a great job attracting younger travelers -- who could become lifelong customers -- as well as first-time cruise goers. And compared to land-based travel alternatives, cruises are generally viewed as providing more bang for your buck. Then there's the fact that spending on cruises makes up less than 3% of the entire global travel industry, leaving upside for further growth. Carnival's improving financial situation With revenue continuing to climb at a healthy clip, Carnival is also posting consistent and rising profitability. Operating income totaled $934 million in the second quarter, another record. It's wild to think that four years ago, during Q2 2021, the company registered an operating loss of $1.5 billion. Things have certainly turned around for the better, which explains why the stock has performed so well. Wall Street expects the good times to keep rolling. The consensus analyst forecast is for Carnival's earnings per share to increase at a compound annual rate of 22.2% between fiscal 2024 and fiscal 2027. Despite huge gains in recent years, this outlook is very encouraging for investors who undoubtedly want to see continued expansion as we look ahead. Improving profitability is helping Carnival fix its financial situation. This means it's been able to slowly reduce its massive debt burden, which now stands at $27.3 billion. The company has refinanced $7 billion worth of debt so far this year. Two major credit ratings agencies have also upgraded Carnival's debt, which is a clear indication of reduced financial risk. Not a once-in-a-generation play Carnival's business continues to perform well, and the future looks bright. The current valuation is also reasonable, with the market asking investors to pay a price-to-earnings ratio of 16 to buy the stock. This represents a substantial discount to the S&P 500 index. However, the stock isn't a once-in-a-generation investment opportunity right now. While Carnival's shares have a good shot at outperforming the market over the next five years, I don't believe it's going to produce life-changing results over the next few decades. That being said, investors could still consider buying Carnival stock. Should you invest $1,000 in Carnival Corp. right now? Before you buy stock in Carnival Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Carnival Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Globe and Mail
20 hours ago
- Globe and Mail
Early Hawaiian petroglyphs on Oahu visible for first time in years
Hawaiian petroglyphs dating back at least a half-millennium are visible on Oahu for the first time in years, thanks to seasonal ocean swells that peel away sand covering a panel of more than two dozen images of mostly human-looking stick figures. The petroglyphs are easy to spot during low tide when gentle waves ebb and flow over slippery, neon-green algae growing on a stretch of sandstone. This is the first time the entire panel of petroglyphs are visible since they were first spotted nine years ago by two guests staying at a bayside U.S. Army recreation centre in Waianae, about an hour's drive from Honolulu. Native Hawaiian cultural practitioner Glen Kila, who traces his lineage to the aboriginal families of this coastal Hawaii community, said he believes the resurfacing of the traditional marvels are his ancestors sending a message. 'It's telling the community that the ocean is rising,' said Mr. Kila, a recognized expert on the local culture and history of Waianae who is consulting with the Army on the protection of the petroglyphs. Army officials are trying to balance protecting the petroglyphs with their accessibility on a public beach. John and Sandy Stone consulted tide charts and drove about 30 minutes from their home early Tuesday to get a glimpse after a watching a local TV report about the petroglyphs. 'It was so interesting to touch them,' said John Stone, who splits his time between Hawaii and California. 'It felt interesting to kind of have a connection with the past like that.' It is difficult to date petroglyphs, but an archeological site in the area is from about 600 years ago, said Laura Gilda, an archaeologist with U.S. Army Garrison Hawaii. According to Kila, Hawaiians arrived in Waianae at least 1,000 years ago. The beach here fluctuates in size and profile each year, with low-pressure weather systems that form in the eastern Pacific between May and November causing waves that cut away loose sand from shorelines and redeposit them further out, according to an Army report on the petroglyphs. That shift is likely what causes their temporary exposure. Archaeologists identified a total of 26 petroglyphs. Of the 18 anthropomorphic stick figures, eight are depicted with possible male genitalia and the remainder are of undetermined gender, the report said. The entire panel stretches about 35 meters long, Ms. Gilda said. When the petroglyphs first re-emerged in July 2016, it was after late spring and early summer storms, including hurricanes, with a lot of wave action that swept the sand away, Gilda said. They remained visible for a period and then got covered again. 'So there's been portions that have ... been exposed since then, but this is the first summer that the whole panel has been exposed again,' Ms. Gilda said. Based on the teachings Mr. Kila learned, the lineal petroglyphs appear to be telling a religious, ceremonial story. He interprets the largest figure, which appears to include hands and fingers with one arm raised and the other down, to represent the rising and setting sun. Mr. Kila said that when the military in the 1930s took over the area and evicted Native Hawaiians, including his family who lived there for generations, his great-great grandmother refused to leave so his family exchanged mountain lands with a coffee plantation so she could remain near the bay. In an interview included in the Army's report, he recalled growing up in Waianae without television. So 'the ocean and mountains were our playground,' he said. The Army recreation centre was off-limits to the public, and the seawall was the barrier between Native Hawaiians and the military, Mr. Kila said. Mr. Kila, now 72, recalled that if they walked on top of the wall, they were clubbed and pushed off by military police. 'We were proud and knew where we came from, so we never fostered any hatred for the military because one day we believed that the land will eventually return to us,' he said. Mr. Kila, while visiting the petroglyphs earlier this week, told The Associated Press that the Army's protection of them represents a shift in that community relationship. Officials have been grappling with how to share the petroglyphs with the community while also protecting them, Ms. Gilda said. 'How much attention do you want to bring to this area? You don't really want people to go digging for them when they're not exposed,' she said. 'But they're certainly awesome to come and see on the public beachscape.' Donald Kauliʻa, a Native Hawaiian who was born and raised in Waianae, snapped photos of the petroglyphs Tuesday. Seeing them, he said, feels like 'validation that our ancestors were from here.'
CTV News
21 hours ago
- CTV News
Busy weekend expected for Windsor-Detroit Tunnel
A busy weekend is expected at the Windsor-Detroit Tunnel. Tunnel CEO Tal Czudner said whenever the Toronto Blue Jays are in Detroit, it's the busiest weekend for the tunnel. He said traffic at the tunnel is expected to pick up at least two hours before game time. 'Now you have two division leaders so that even ramps up the interest and the volume. The politics aside, this is one of those things where your loyalty to the Tigers and the Jays will push you across the border and the busiest time, it starts to pick up approximately two hours before game time,' said Czudner. Czudner said both sides of the border are aware it's a busy weekend. 'Our friends at CBSA and CBP, they're all aware of the fact that this is a busy weekend and they're going to do what they can to try and get more booths open, but we're still an international border crossing so there might be an enhanced level of security that does go up or down depending on what is happening,' said Czudner. 'So instead of three questions, you might be asked five questions when you're going through.' He recommends having your documents ready, 'You want to get through as quick as you can. So get a Nexpress card, throw that in your window so that you pay toll quicker, then make sure you have your Nexus card or your passport ready when you're entering customs just so that way you can speed up the process. Thirty seconds for every person adds up to a big difference.' Czudner said if you're going to the game Friday, you should be at the tunnel by 4:30 p.m. to beat the tunnel traffic. He said if you're heading to the game on Saturday, be at the tunnel by 4 p.m., and for Sunday's game, be at the tunnel by 11:30 a.m. Czudner said after those times, the tunnel will start to back up. The Blue Jays and Tigers kicked off a four-game set on Thursday, with the Jays picking up the win. — Rob Hindi, AM800 News
