Should You Buy Royal Caribbean Stock Now?
2020 was a crazy year for Royal Caribbean (NYSE: RCL) stock, featuring a 78% plunge between February and March as coronavirus took hold, and ending with a full-year loss of about 44%. Consider: Royal Caribbean carries a current market capitalization of $17.3 billion. If you assume that at some point in the future, things will get "back to normal" for Royal Caribbean (and I do), then the stock currently costs just 11.5 times normalized earnings.