At first glance, you might not think cruise line stocks like Royal Caribbean (RCL -1.90%) and Carnival (CCL -2.26%) are cheap. After all, they are at or near all-time highs and have mountains of debt. But there's also a solid case to be made that the major cruise lines are still very cheap, and you can hear all the details in the video.

*Stock prices used were the morning prices of July 23, 2024. The video was published on July 25, 2024.