See more of my work at https://www.3minutebreakdowns.com Carnival Corporation stock analysis. Ticker: $CCL Cruise ship operator Carnival is one of the most volatile stocks on the market. Shares are up 122% year to date yet the stock is still down 66% from its 2019 peak. That seems a bit strange. ...

See more of my work at https://www.3minutebreakdowns.com Carnival Corporation stock analysis. Ticker: $CCL Cruise ship operator Carnival is one of the most volatile stocks on the market. Shares are up 122% year to date yet the stock is still down 66% from its 2019 peak. That seems a bit strange. After all, travel demand has roared back following the pandemic and Carnival is posting record numbers. Revenue has doubled this year to 20 billion and occupancy rate in the third quarter was 109%. That’s only a little bit below the 113% print in the third quarter of 2019. Clearly, the pandemic didn’t put people off cruising and this looks as good a business as it was 4 years go. So why has the stock fallen by two thirds? The obvious answer is that the pandemic has had a staggering impact on Carnival’s financial position. Free cash flow in 2020 was negative 10 billion dollars and over the next two years the company burned through another $14 billion. #cclstock #cruisestocks #investing #3mb