Carnival Cruise Lines Stock: Buy, Sell, or Hold?
(NYSE: CCL) is one of the companies that's still being affected by the pandemic, both by the aftereffects of restrictions and by the financial leverage it took to get through the pandemic. While operations are recovering, Carnival's stock is trading near its decade lows, and it's not clear if the company will be able to pay down debt quickly.
Recent results showed some positive signs, but we need to dig deeper to get to the bottom of whether Carnival stock is a buy, sell, or hold.
It's hard to argue that there's not a big recovery in cruise lines right now. Fiscal third-quarter 2023 revenue for Carnival was an all-time record $6.9 billion, and customer deposits now stand at $6.3 billion.
Source Fool.com
