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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 676.41+0.7%4:00 PM EST

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From: Horgad5/5/2020 2:19:55 PM
1 Recommendation

Recommended By
Katelew

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I wonder if anyone will bailout NCLH or the other cruise ship companies. I guess not because of they are "offshore" tax evaders. Meanwhile they continue to be forced to sell bonds at high rates.

The latest bond offering plus this language caused NCLH to dump 20% today.

Norwegian’s release announcing the private-equity investment outlined the risks the company faces. Those include “our ability to raise sufficient capital and/or take other actions to improve our liquidity position or otherwise meet our liquidity requirements that are sufficient to eliminate the substantial doubt about our ability to continue as a going concern.”


I dont think they are going away, In fact they have huge future booking right now, but not sure if there will be much left of the $$s for the shareholders versus the bond holders.
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