3 Reasons to Avoid Royal Caribbean Stock
Many investors have fallen in love with cruise stocks. The sector has crushed the market this year, with companies such as Royal Caribbean Cruises (NYSE: RCL) up around 100% in the last 12 months and approaching their pre-COVID highs.
With most world economies finally getting past the pandemic, consumers are using their savings to spend big on vacations, which helped Royal Caribbean grow its revenue by 66% over the last 12 months.
But a nice narrative from Wall Street and fast-growing revenue do not mean Royal Caribbean is a foolproof stock. Far from it, actually. Here are three reasons to avoid buying Royal Caribbean shares at today's prices.
Source Fool.com
