3 Red Flags for Carnival Stock
Down 67% year to date, Carnival Corporation (NYSE: CCL) has probably landed on some value investors' radar. Like most cruise companies, Carnival was hurt by the COVID-19 pandemic, especially after the U.S. Centers for Disease Control's (CDC) no-sail order scuttled its operations for much of 2020. As of the third quarter, Carnival reports $28.5 billion in long-term debt -- up from just $9.7 billion at the end of 2019.