Could Carnival Be a Millionaire-Maker Stock?

If you like the trade-off between high risk and high reward, you might be considering buying shares of Carnival (NYSE: CCL) following its recent collapse. The cruise ship industry has been hit hard by the COVID-19 pandemic, which forced weeks of canceled trips and has temporarily halted vast swaths of the travel and vacation space.

The level of deep pessimism that has struck Carnival's shares can be fertile ground for market-beating returns over the long term. But there are some important things to know before you make an aggressive bet on the cruise ship leader.

Let's look at a few of the biggest.

Source Fool.com