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Will Norwegian fly any plane again? They are basically bankrupt and are counting on government handouts to save them now. Luckily for Norwegian, they have been
by matsemann 6y ago
Will Norwegian fly any plane again?
They are basically bankrupt and are counting on government handouts to save them now. Luckily for Norwegian, they have been a popular investment for "normal people", putting their savings in the company. So when they did an re-issue of stocks last year peopled gobbled them up, thinking that they got it for a good price. Of course ignoring that it was a 50-1 split or something in there as well, so they won't become millionaires by the stock bouncing back to what it used to be.
As for bailouts by the government, they are banking on the rhetoric that they think Norwegian gov should "save the workplaces!" and "save the domestic flights!". I don't buy it, if those things are worth doing, someone else will pick it up when Norwegian fails. The risk of playing fast and loose with their loans and capital to expand so fast should be their own.
- durnygbur 6y ago> So when they did an re-issue of stocks last year peopled gobbled them up, thinking that they got it for a good price. At what price these shares were available for individual investors?