Jack of All Trades: SKORE 12.19.2025
Carnival —investment-grade leverage achieved (debt reduced $10B+ from peak, Fitch BBB- rating), dividend reinstated after 5+ years ($0.15 quarterly), record profitability ($3.1B FY2025 net income, +60% YoY), resilient demand (2/3 of FY2026 booked at record prices), and margin expansion (+250bp)