In today’s post:

  • 🚒 $13.89b Of Debt. One Boat.

🚒 $13.89b Of Debt. One Boat.

Norwegian just bought an island. Wall Street is still squinting at the debt.

$NCLH ( β–Ό 0.68% ) trades just below $15. It owes $13.89 billion.

Only one of those numbers is getting any airtime from Wall Street. But is it a broken balance sheet, or mispriced boat?

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