As some of the few travel stocks that have failed to fully recover from the pandemic, plenty of investors have tried to bottom-fish in cruise-line names like Carnival (NYSE:CCL) stock. Unfortunately, these contrarian wagers have failed to pan out.
Investors who have dabbled in CCL or its peers haven’t reaped substantial gains. Instead, going against the grain has led to heavy losses. Although the industry is in a much better place now compared to last year, cruise lines have a way to go before attaining pre-virus revenue and earnings levels.
Worse yet, this recovery, which has arrived far more gradually than the recovery for airlines, hotels, and casinos, is likely to be further stretched out by factors outside the pandemic. Put it all together, and it’s doubtful that this stock, despite being down more than 85% since 2020, has enough rebound potential to outweigh its still-high level of risk.
CCL Carnival $7.29
Top Casino Stocks To Own Right Now: Frontier Communications Corporation(FTR)
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The company offers residential services, such as fiber-to-the-home and fiber-to-the-node broadband, video, and voice over Internet protocol products, as well as traditional copper-based broadband products; and commercial services, including Ethernet, dedicated Internet, multiprotocol label switching, time division multiplexing, data transport services, and optical transport services. It also provides Frontier Secure suite of products for computer security, cloud backup and sharing, identity protection, equipment insurance, and technical support; unified messaging services comprising call forwarding, conference calling, caller identification, voicemail, and call waiting services; long distance network services; and packages of communications services. In addition, the company offers switched access services that facilitate other carriers to use the companys facilities to originate and terminate their local and long distance voice traffic; satellite TV video services; a range of third-party communications equipment to small, medium, and enterprise business customers; and directories. As of December 31, 2014, it had approximately 3,214,800 residential customers; approximately 304,700 business customers; 2,373,900 broadband subscribers; and 586,600 video subscribers. The company was formerly known as Citizens Communications Company and changed its name to Frontier Communications Corporation in July 2008. Frontier Communications Corporation was founded in 1927 and is based in Norwalk, Connecticut.
Advisors’ Opinion:
- [By Max Byerly]
Cae Inc (NYSE:CAE) (TSE:CAE) – Equities research analysts at Desjardins lowered their FY2019 earnings per share (EPS) estimates for shares of CAE in a research note issued to investors on Monday, February 11th. Desjardins analyst B. Poirier now expects that the aerospace company will earn $0.89 per share for the year, down from their previous forecast of $0.90. Desjardins currently has a “Average” rating and a $31.00 target price on the stock. Desjardins also issued estimates for CAE’s FY2020 earnings at $1.07 EPS and FY2021 earnings at $1.17 EPS.
- [By Stephan Byrd]
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