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![LumidaWealth Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1578458844640038922.png) Lumida Wealth Management [@LumidaWealth](/creator/twitter/LumidaWealth) on x 6211 followers
Created: 2025-06-28 12:56:00 UTC

WHY WARREN BUFFETT WOULDN’T TOUCH THIS STOCK

Norwegian Cruise Lines shows XX% ROE, but it's driven by "lots and lots of debt."

The key question: Are they actually creating value?

- Book value grew from $300M (Dec 2023) to $1.4B (Dec 2024)
- Half their short-term debt is customer advances (prepayments)
- Paying off X% of debt annually
- XX% free cash flow yield - "rarely been this high"

"You can manage earnings. It's hard to manage cash flow."

Left tail risk? Another COVID lockdown that stops cruising.

Warren Buffett wouldn't buy it - "too cyclical for him."

#NCLH #Cruises #DebtAnalysis #FreeCashFlow

![](https://pbs.twimg.com/amplify_video_thumb/1938838153391214592/img/cg-e8sUZL9_a9S2o.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1938944471288422842/c:line.svg)

**Related Topics**
[cash flow](/topic/cash-flow)
[$14b](/topic/$14b)
[$300m](/topic/$300m)
[debt](/topic/debt)
[warren](/topic/warren)

[Post Link](https://x.com/LumidaWealth/status/1938944471288422842)