1 Growth Stock Down 69% to Buy Right Now
The majority of investors aren't seeing past the pessimism to understand how well this company is doing.
Anyone keeping tabs on Carnival (NYSE: CCL) isn't surprised to learn its stock hasn't made any meaningful forward progress since its early 2020, pandemic-prompted plunge.
The leisure cruise company survived the pandemic, but was forced to borrow heavily to do so. Economic lethargy in the meantime also appears to work against discretionary spending. That's why Carnival shares are still down from their pre-pandemic peak, and nearly 70% below their record high reached in early 2018. Investors simply fear the worst.
The fact is, this popular cruise company is not only growing in spite of the apparent headwind, but is digging its way out of debt as it grows. The market's just not been willing to reflect this reality into the stock's price.
