Carnival Cruises Sets Sail in September, but Is the Stock a Buy?
The cruise industry is one of the most controversial "recovery sector" plays in the market. Though cruising has been an increasingly popular activity over the past two decades, it has also been one of the hardest hit by the coronavirus pandemic.
At the onset of the pandemic, the whole industry raised billions through both debt and equity raises, even as cruising activity, and therefore revenue, went to zero. But as September has rolled around, we're beginning to see the first baby steps toward cruising in certain regions.
The biggest cruise line in the world, Carnival Cruises (NYSE: CCL) (NYSE: CUK), restarted some of its smaller cruise lines this month, while also giving a business update, showing a variety of moves to both restart its operations and also extend its timeline for survival. But that doesn't necessarily mean Carnival is a buy today.
Source Fool.com
