Could Royal Caribbean Be a Millionaire Maker Stock?
Shares of Royal Caribbean (NYSE: RCL) have nearly quadrupled in value from their March lows but remain 45% below where they started 2020, as the coronavirus pandemic has canceled virtually all cruise ship activity until next year.
While it has been thrown a lifeline by its lenders, it is still burning through $250 million a month and has posted three consecutive quarters where its losses exceeded $1 billion. Even if it does return to a more normal cruise schedule next year, analysts suspect it will be several years before it's operating at pre-pandemic levels.
With that as a backdrop, let's consider whether Royal Caribbean can be a millionaire-maker stock.
Source Fool.com
