Originally Posted by
Doors to Automatic
I doubt the bondholders have much choice. It is potentially worthless slots or a worthless bond come December. As Trump once said to his lenders, “ If I owe you a million dollars, it is my problem; if I owe you one hundred million, it is your problem!”
I cannot imagine why the shares are surging at the moment. I would not be touching this company with a bargepole.
From a neighbor who works at Norwegian, internally they are saying the re-structuring plan that was put in place for 2019 is meeting all the projected goals promised to the investors and creditors. Basically they had a best case projection, a worst case projection, and median projection, and they are apparently directly hitting all of the median projections. As he puts it, they are telling them things are still crucial, but the re-structuring is working as planned, so there is cautious optimism. Perhaps the share price is indicative of the investors seeing that information.