Is Carnival a Silent Portfolio Killer?
Some optimistic investors looking for buying opportunities might think their ship has come in with Carnival (NYSE: CCL). The stock price has fallen by more than 70% from its 52-week high. Also, despite the devastation that COVID-19 has wrought on both the company and the stock, one has to assume that travelers will return to cruising once the pandemic runs its course.
However, the cruise industry has had to repeatedly push back its return to the seas. Despite holding the largest market share in the industry, Carnival cannot afford to keep its fleet idle forever. With no end in sight to the pandemic, Carnival stock could turn into a portfolio killer rather than a bargain in waiting.
Image source: Getty Images.
Source Fool.com
