Long-term investing in Carnival Corp. (NYSE: CCL) stock 10 years ago resulted in a loss of around 50%, but the company’s business is rebounding. Third-quarter revenue rose 3.3% to $8.15 billion, with plans to drive growth through new experiences like Celebration Key and RelaxAway. Carnival’s profitability is improving, but its $25 billion debt remains a concern. While the company is recovering, its high debt levels and enterprise value of $60 billion make it an expensive investment. The Motley Fool Stock Advisor team did not include Carnival in their top 10 stocks to buy now, citing better investment opportunities.
Read more at Nasdaq: Is it Time to Buy Carnival Stock?
