Filed under: Carnival Corp (CCL), Stocks to Buy

The choppy/consolidating (or perhaps worse) market conditions sometimes give the impression that growth plays do not exist, but that is not the case, and one growth company worth reviewing is Carnival Corp.

Carnival Corporation (NYSE: CCL) is the world’s largest recreational cruise ship company.

Analysts expect adequate revenue gains for CCL in 2008, primarily on increased capacity. Larger booking increases are expected in Europe, as opposed to North America, which may begin to show the effects of the U.S. economic slowdown. As of first quarter 2008, Carnival had 85 ships with a passenger capacity of 158,000.

Meanwhile, cruise prices should rise modestly, and a likely fuel surcharge will ease the impact of higher fuel costs. Further, analysts also like CCL’s rising demand for Caribbean cruises, along with the company’s leading market share in leisure cruises. The Reuters FY 2008/FY 2009 EPS consensus estimates for CCL are $3.09 to $3.40.

Continue reading Carnival says it’s not where you travel to, it’s how

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This entry was posted on Tuesday, March 25th, 2008 at 11:11 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.