Feb. 4 at 12:01 PM
$NCLH
NCLH has built an impressive business with clear competitive advantages and strong operational momentum. The problem? They're carrying too much debt from pandemic survival mode. If they can execute on debt reduction while maintaining operational excellence, there's meaningful upside. If not, that debt load becomes an anchor. It's a classic high-risk, high-reward situation where the business quality is good but the balance sheet creates vulnerability.
https://stratafinance.beehiiv.com/p/norwegian-cruise-line