One Growth Stock Down 64% to Buy Right Now

The performance of Carnival Corp (NYSE: CCL) has likely frustrated its long-term investors over the last few years. The stock achieved a peak closing price in January 2018, reaching as high as $71.94 per share. While it fell into a bear market in 2018 and 2019, the stock lost nearly all its value when the pandemic shut down its industry in early 2020.From that point, the cruise line shut down for over a year, and even when it resumed sailing, the path to 100% occupancy (defined as two people in every cabin) took years. Despite the ongoing challenges created by the pandemic, Carnival managed to stay afloat, and now it's reporting record bookings,All this is making a case to buy the cruise line stock, which is still 64% below its high. Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool