Carnival: A Voyage of Prudence

The recent past held a roughness, a constant rocking that tested the mettle of all within. But the sea, it appears, has calmed. The company now operates with a degree of prosperity that, while not unprecedented, is certainly worthy of observation. The share price, having risen a substantial 169% over the past three years, suggests a degree of restored confidence, though one must always regard such figures with a discerning eye. It is a recovery, certainly, but recovery alone does not guarantee a safe harbor.








