Carnival (CCL) Mentioned Positively in Barron's

Carnival (NYSE: CCL) was highlighted positively in this weekend's Barron's. The magazine notes that the stock is trading at levels not seen since the terrorist attacks of 9/11, on fears of a consumer recession and high fuel prices. The stock is trading at 13 times 2009 earnings, versus a historical multiple of about 16 to 18.

Wendy Trevisani, a portfolio manager of the Thornburg International Value fund, said the stock is "really, really cheap" and thinks it can be in the low $60s by 2010. This would represent a move of 50%.

Link to Barron's Article $

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