Stock Sale

[CroozFanatic]

NCLH sold 47.7 million shares @ $30 in the market this morning.

 

Not good for shareholders (stock down 15%), but very good for CruiseNext, CruiseFirst, FCC, coupon holders, employees, vendors.

 

Nearly $1.5 billion that doesn't have to be paid back.

 

Company ain't going anywhere anytime soon.

[oteixeira]

Honestly, by mid next week the stock will have recovered this dip.  And very good for the company as they are moving away from the hard loans by doing this.  Nothing to pay back here.  

DISCLAIMER:  I own a pretty large position in NCLH.