Why Norwegian Cruise Line Capsized in November
Shares of Norwegian Cruise Line (NYSE: NCLH) ended the month of November 24.1% down from where they started, according to data from S&P Global Market Intelligence, as the cruise ship operator reported third-quarter earnings that indicated that while it is charting a course to profitability once more, it hasn't quite reached shelter from the squalls kicked up by the pandemic.
It followed that up with an announcement that it would be selling $800 million worth of convertible senior notes, an amount that could rise to nearly $1 billion if underwriters exercise their overallotment options.
Source Fool.com
