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Down 33%: Is Royal Caribbean Stock Finally a Buy?

TheMotleyFool

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Down 33%: Is Royal Caribbean Stock Finally a Buy?: https://g.foolcdn.com/editorial/images/713295/gettyimages-599881398.jpg

Down 33% year to date, 2022 hasn't been easy for Royal Caribbean (NYSE: RCL). While the cruise company has rapidly bounced back from many of the worst impacts of the COVID-19 pandemic, high debt levels and macroeconomic headwinds are still major challenges. Let's explore some of the pros and cons of betting on the stock.

Like with all cruise companies, the COVID-19 pandemic hit Royal Caribbean incredibly hard. But now, the company is enjoying massive growth amid easy comps and the relaxation of movement restrictions.

Third-quarter revenue jumped more than 500% to $2.99 billion amid a surge in passenger ticket sales and onboard customer spending on food and entertainment.

Source Fool.com

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