This 1 Stock Could Torpedo Your Portfolio

At some point, we can imagine that cruising -- the vacation loved by so many -- will resume, and revenue of cruise giants like Carnival (NYSE: CCL) (NYSE: CUK) will rebound. The coronavirus outbreak forced Carnival and other cruise companies to halt sailings earlier this year. As a result, the company swung to a loss and its shares dropped. Carnival stock is down 73% so far this year.

The idea of a rebound might make Carnival's current share price of about $14 look tempting. Is it time to take the plunge? I say, "not so fast." Investing in this stock now could torpedo your portfolio. Let's take a closer look at the situation.

Image source: Getty Images.

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Source Fool.com