The cruise line industry has been a battleground for investors ever since the pandemic battered this travel sub-sector. Stocks like that of Carnival (NYSE: CCL), the world's largest cruise line, plunged during the shutdown period as cruise ships were grounded. Since then, demand has been strong and the stock has begun to claw itself out of that deep hole. However, the shares have more recently faded following a rally in the first half of the year, and are now down 34% from their peak over the summer.
Can Carnival return to its former glory? To answer that question, we asked a bull and a bear to weigh in on the stock. First let's hear the bull case.
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Source Fool.com