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Carnival: Riding higher waves in 2025.

Carnival: Riding higher waves in 2025.
Carnival is ready to benefit from the strong cruise demand in 2025.

The 2025 wave season is forecasted to be strong, with industry bookings already exceeding past levels by 10-15%, supporting continuous free cash flow and debt reduction.

Despite high infrastructure investments, the cruise line forecasts $3 billion in free cash flow for the fiscal year 2024, aiming for $6 billion in adjusted EBITDA.

Stocks are traded at a 9x EV/EBITDA multiple, which is attractive considering the strong booking environment and the potential for higher cash flow to further repay debt.

I am Mark Holder, also known as Stone Fox Capital, a certified public accountant with a degree in accounting and finance. Leading the investment group Outfox The Street, I aim to uncover potential multibaggers while managing portfolio risks through diversification.
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