Down 46%, Is Royal Caribbean Stock Finally a Buy?
Trading recently for $43 per share, Royal Caribbean (NYSE: RCL) was down a staggering 46% year to date -- despite a booming sales recovery in the wake of the COVID-19 pandemic. While the cruise company is quickly returning to normal operations, its mountain of debt remains a challenge.
Few industries faced the negative effects of the pandemic as much as cruising. With their tight spaces and often poor ventilation, passenger ships became ideal incubators for the fast-spreading virus. And in March 2020, the U.S. Centers for Disease Control imposed a seven-month no-sail order on the industry, preventing these companies from operating in their most crucial market.
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Source Fool.com
