Carnival

2 notes on Carnival Corporation Ltd. (NYSE: CCL), newest first.

This page states no position of its own. Each note disclosed the firm’s position on the day it published; it may have changed since, without notice.

The Carnival thread

2 notes, newest first

8 Oct 2026SER-0009 · Position Review

Carnival Corporation Ltd. · NYSE: CCL

Carnival is buying its shares. Moody's is still waiting

Record yields, but the fuel premium held and Q3's buybacks stalled the deleveraging. The firm stays long while Moody's stays in reach.

5 tables · 9 charts

LongValuation

19 Aug 2026SER-0007 · Initiation

Carnival Corporation Ltd. · NYSE: CCL

Carnival Corporation: the recovery is priced in, the re-rating isn't

The recovery is priced in; the credit re-rating is not. Two of three agencies rate Carnival investment grade, yet it trades at half Royal Caribbean's multiple.

13 tables · 3 charts

LongValuation

Positions disclosed

Published	Note	Firm’s position
8 Oct 2026	SER-0009 Position Review	Long
19 Aug 2026	SER-0007 Initiation	Long