Up 300% Off Its Lows, Is Royal Caribbean a Buy?

Billy Duberstein, The Motley Fool
·3 min read
Up 300% Off Its Lows, Is Royal Caribbean a Buy?

One of those recent winners has been Royal Caribbean Cruises (NYSE: RCL), which has surged more than 300% off its March lows. Is the stock still worth buying, or has the market already priced in a full recovery? Investors should probably think about Royal Caribbean's value based on its getting back to pre-COVID levels of operating income in 2022, then factor in a higher debt load and share count.