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1 Cheap Stock Down 79%: Is It a No-Brainer Buying Opportunity?

TheMotleyFool

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1 Cheap Stock Down 79%: Is It a No-Brainer Buying Opportunity?: https://g.foolcdn.com/editorial/images/777596/carnival-cruise-line-ship-at-sunset-with-lights-on_carnival_cruise_lines_ccl.jpg

Even though the S 500 is near record territory, it doesn't mean that all businesses have seen their shares reach all-time highs in recent times. Some stocks are still significantly below their high-water marks.

Look no further than (NYSE: CCL). As of this writing, shares are 79% below their peak.

It's no surprise that the company was decimated during the height of the pandemic as its operations were halted to stop the spread of the virus. However, this cruise line stock was down 23% in the 24 months before the start of 2020, indicative of ongoing investor pessimism.

Source Fool.com