(NYSE: CCL) stock has been a hot buy in 2023 with travel demand soaring. Year to date, it has risen 140%. But after the cruise line operator reported its latest quarterly results last month, its shares fell despite what looked to be a strong performance as investors may have been expecting more.

However, Carnival's stock could remain a great buy for the following three reasons.

One concern investors may have about Carnival is that it's carrying roughly $32 billion in long-term debt on its books -- a heavy load.

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Source Fool.com