Is Carnival Stock a Buy?
Life hasn't been too rough for Carnival (NYSE: CCL)(NYSE: CUK) investors, with the critical caveat that you've only been a shareholder since mid-March or later. If you were brazen enough to buy Carnival stock when it bottomed out in early April (when it was so desperate for cash that it sold freshly minted shares at $8 apiece), you've almost tripled your money.
Most investors haven't been that lucky. Carnival will close out 2020 as one of this year's worst-performing large-cap stocks. The shares have plummeted 57% since the year began.
If you own Carnival, you're probably sitting on either a big unrealized capital gain or capital loss. Let's draw a new starting line for potential investors. Right now, with Carnival shares in the low $20s, is this an investment worth buying? Let's look at the things to consider if you're angling for a piece of the world's largest cruise line operator.
Source Fool.com
