Norwegian Air shuttle's potential - stock price down 99.72%
Hello you all
As you know Norwegian Air Shuttle is a company which is heavely affected by the actual pandemic.
So why could the stock have a huge potential in the near/medium term future?
- Chinese government invested via BOC Aviation into Norwegian
- cash burn reduced to <300 million NOK per month
- current stock price 99.72% under all time high
Norwegian announced at the beginning of the pandemic, that there will be a liquidity risk from Q4 2020/Q1 2021. Norwegian is currently talking with the Norwegian government for another bailout. If that will be accepted, it could give the company money for another six month's or so, which means, that a bankruptcy is unlikely during that period of time. Chances of a higher stock price stands pretty good.
In my opinion it makes totally sence that the stock price went down heavely during this time. But 99.72% of all time highs?
Nevertheless, be careful, the company has a possibility to go bankrupt. Could go to zero.
As you know Norwegian Air Shuttle is a company which is heavely affected by the actual pandemic.
So why could the stock have a huge potential in the near/medium term future?
- Chinese government invested via BOC Aviation into Norwegian
- cash burn reduced to <300 million NOK per month
- current stock price 99.72% under all time high
Norwegian announced at the beginning of the pandemic, that there will be a liquidity risk from Q4 2020/Q1 2021. Norwegian is currently talking with the Norwegian government for another bailout. If that will be accepted, it could give the company money for another six month's or so, which means, that a bankruptcy is unlikely during that period of time. Chances of a higher stock price stands pretty good.
In my opinion it makes totally sence that the stock price went down heavely during this time. But 99.72% of all time highs?
Nevertheless, be careful, the company has a possibility to go bankrupt. Could go to zero.