In today’s briefing:
- Carnival: Its Recovery Program Is Already Priced In
- Where Is TLT ETF Headed In 2023 And Why Inflation Won’t Be An Issue
- MasterCraft: Significantly Undervalued With Secular Growth Prospects
Carnival: Its Recovery Program Is Already Priced In
- The company’s year-over-year revenue has surged by more than 1.98x.
- Carnival remains far adrift from its midpoint profit margins and has a sizeable corporate bond to service.
- A residual income valuation model places a fair value of $9.91 on the stock, placing it in fair value territory.
Where Is TLT ETF Headed In 2023 And Why Inflation Won’t Be An Issue
- The one-sided downward movement in both equity and bond prices in 2022 was both unusual and expected.
- The set-up for the next 12 to 18 months is favourable for bonds, both on the short and the long-end of the curve.
- The one- sided downward movement was both unexpected and expected.
MasterCraft: Significantly Undervalued With Secular Growth Prospects
- Are you interested in consumer cyclical and industrial stocks while being worried about the macroeconomic outlook? Well, if you are, then MasterCraft (NASDAQ:MCFT) should be on your watchlist.
- MasterCraft could part itself from the rest of the consumer cyclical segment during a trying macroeconomic environment.
- The company’s Veblen good status and low debt burden could protect one’s portfolio against macro headwinds.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
