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Old 08-09-2021, 07:21 PM
 
Location: It's in the name!
7,083 posts, read 9,566,864 times
Reputation: 3780

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Quote:
Originally Posted by Florida2014 View Post
I went to an AMC theater this past week. It was ancient, the seats were lined up in a row and weren't the theater seating where the seats highest were in the back. It was smelly, musty and the few employees there looked like they were bored out of their minds. I would never base a decision on an investment on one sample size; however, as I've said here before, AMC is closer to $0 than it is to its current levels.
Hmmmm. Seems like the rest of the world doesn't hold your sentiment. As someone who has interest in AMC, I actually took the time to listen to the earnings report today. Judging by your post, you had plenty of time to read the earnings report before submitting your post.

Earnings report:

TL;DR

AMC crushed it.
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Old 08-09-2021, 08:44 PM
 
2,166 posts, read 3,384,638 times
Reputation: 2653
Quote:
Originally Posted by Florida2014 View Post
I went to an AMC theater this past week. It was ancient, the seats were lined up in a row and weren't the theater seating where the seats highest were in the back. It was smelly, musty and the few employees there looked like they were bored out of their minds. I would never base a decision on an investment on one sample size; however, as I've said here before, AMC is closer to $0 than it is to its current levels.
Our local AMC is still closed. It looks like a scene from the Walking Dead....grass growing up through cracks in the sidewalk and parking lot, windows are hazed over like they haven't been cleaned in 10 years, the EIFS panels are dirt streaked and the AMC sign out front has a hole knocked in it from a storm that rolled through last year. Meanwhile, another multiplex cinema on the other side of town upgraded to reclining seats and a full building refresh probably 4 years ago and has remained open throughout most of the pandemic.

AMC was dying even before COVID. The CEO seems like he is trying to pull every trick out of the meme stock hat to remain relevant...all the while diluting existing shareholders to the tune of 400 million new shares issued this year alone. It doesn't sound like a lot until you realize AMC only had 100 million shares outstanding in 2020.
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Old 08-10-2021, 06:51 AM
 
5,907 posts, read 4,429,414 times
Reputation: 13442
Quote:
Originally Posted by ChessieMom View Post
HAHAHAHA! I almost spit out my coffee!
I’m sorry. Did I break your concentration? Please, continue. Oh, you were finished??!? Then allow me to retort.
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Old 08-10-2021, 08:10 AM
 
Location: It's in the name!
7,083 posts, read 9,566,864 times
Reputation: 3780
Quote:
Originally Posted by mustang84 View Post
Our local AMC is still closed. It looks like a scene from the Walking Dead....grass growing up through cracks in the sidewalk and parking lot, windows are hazed over like they haven't been cleaned in 10 years, the EIFS panels are dirt streaked and the AMC sign out front has a hole knocked in it from a storm that rolled through last year. Meanwhile, another multiplex cinema on the other side of town upgraded to reclining seats and a full building refresh probably 4 years ago and has remained open throughout most of the pandemic.

AMC was dying even before COVID. The CEO seems like he is trying to pull every trick out of the meme stock hat to remain relevant...all the while diluting existing shareholders to the tune of 400 million new shares issued this year alone. It doesn't sound like a lot until you realize AMC only had 100 million shares outstanding in 2020.
So, a few AMC's, that are probably slated to close anyway, is indicative of the entire company worldwide falling out of existence. Got it.

Not sure where your'e from, but apparently in major cities around the globe, people are still going to see the movies at AMC theaters.

A dilapidated theater alone can't explain increasing revenues of a company that is supposedly dying. I would expect revenues to be falling, not increasing if a company was dying. Correct? Unless you have another definition of dying?

Other people see other AMC's thriving.

And unless you've had experience running a multinational multibillion dollar corporation, there are no "tricks" being pulled. The only thing that matters is that the company's revenues are increasing and there is 2 billion in liquidity that the company never had in the history of existence. The first 5bln debt doesn't mature until 2023 and the majority of the debt matures in 2026.

Not sure why you're hating on AMC, but at least look at it for what it is. A company that now has a cult following and is getting stronger every quarter. Not sure how that's a bad thing - unless you're short AMC.
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Old 08-10-2021, 11:42 AM
 
2,166 posts, read 3,384,638 times
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Quote:
Originally Posted by adelphi_sky View Post
So, a few AMC's, that are probably slated to close anyway, is indicative of the entire company worldwide falling out of existence. Got it.

Not sure where your'e from, but apparently in major cities around the globe, people are still going to see the movies at AMC theaters.

A dilapidated theater alone can't explain increasing revenues of a company that is supposedly dying. I would expect revenues to be falling, not increasing if a company was dying. Correct? Unless you have another definition of dying?

Other people see other AMC's thriving.

And unless you've had experience running a multinational multibillion dollar corporation, there are no "tricks" being pulled. The only thing that matters is that the company's revenues are increasing and there is 2 billion in liquidity that the company never had in the history of existence. The first 5bln debt doesn't mature until 2023 and the majority of the debt matures in 2026.

Not sure why you're hating on AMC, but at least look at it for what it is. A company that now has a cult following and is getting stronger every quarter. Not sure how that's a bad thing - unless you're short AMC.
The revenue you tout for Q2 2021 was only 30% of Q2 2019 revenue despite most states having eased restrictions last spring. Obviously it's not realistic to expect revenues to have rebounded completely, but only 30% of a normal spring-early summer period? A whole segment of the population is not going back to movie theaters until COVID is completely in the rearview mirror. AMC can't sustain itself long term on that kind of revenue with $11 billion long-term debt. Even before COVID during good times, AMC had negative annual EPS three out of the last five years.

Now we have the COVID delta variant raging across the country, which will have another negative impact on public gathering spaces such as movie theaters.

Diluting existing shareholders to raise cash when you have more debt than assets in normal times would be seen as a warning signal and usually result in a selloff. But in the irrational exuberance of meme investing, it apparently is something for retail investors to cheer.

Not long or short, but AMC is a hard pass. Good luck with your investment.
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Old 08-10-2021, 03:25 PM
 
9,382 posts, read 8,354,011 times
Reputation: 19179
Quote:
Originally Posted by mustang84 View Post
The revenue you tout for Q2 2021 was only 30% of Q2 2019 revenue despite most states having eased restrictions last spring. Obviously it's not realistic to expect revenues to have rebounded completely, but only 30% of a normal spring-early summer period? A whole segment of the population is not going back to movie theaters until COVID is completely in the rearview mirror. AMC can't sustain itself long term on that kind of revenue with $11 billion long-term debt. Even before COVID during good times, AMC had negative annual EPS three out of the last five years.

Now we have the COVID delta variant raging across the country, which will have another negative impact on public gathering spaces such as movie theaters.

Diluting existing shareholders to raise cash when you have more debt than assets in normal times would be seen as a warning signal and usually result in a selloff. But in the irrational exuberance of meme investing, it apparently is something for retail investors to cheer.

Not long or short, but AMC is a hard pass. Good luck with your investment.
Thank you. Thank you. Thank you. Sounds like the other poster is an AMC shareholder. If I could pick ONE single industry that is doomed for failure, it would be the movie theater industry. Even if you take away COVID/Delta, people were going to movies less and less pre-pandemic. With the growing streaming services, huge crystal clear TVs that actually get cheaper every year and then you throw in a deadly virus that is spread through close contact in closed in spaces and you've got a giant turd for a stock. There is a reason it was shorted so much by hedge funds.

When you say "huge following" you're speaking of the momentum traders, my friend. These are absolutely not long-term investors, these are the get-rich-quick meme stock crowd that will be on to the next short play soon enough. But if you think this is a $1,200 stock I've also got some mountain-facing real estate to sell you here in Florida if interested.
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Old 08-11-2021, 01:02 PM
 
9,639 posts, read 6,015,891 times
Reputation: 8567
AMC hasn’t made money since what… 2016? Trash company.
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Old 08-11-2021, 04:48 PM
 
660 posts, read 1,616,259 times
Reputation: 323
Well I'm the OP, I'm not really asking if AMC is a good company that will make money. I guess most that invest here lately are looking for the short squeeze.

Will AMC really short squeeze and the phantom shares/ dark pool is preventing it from happening?
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Old 08-12-2021, 07:32 AM
 
9,639 posts, read 6,015,891 times
Reputation: 8567
Quote:
Originally Posted by Brom View Post
Well I'm the OP, I'm not really asking if AMC is a good company that will make money. I guess most that invest here lately are looking for the short squeeze.

Will AMC really short squeeze and the phantom shares/ dark pool is preventing it from happening?
Why would it short squeeze?

It’s trash fully deserving of being shorted. They’re using all you foolish retail buyers to buy up all the new shares they’ve issued to stave off bankruptcy.
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Old 08-12-2021, 09:15 AM
 
2,166 posts, read 3,384,638 times
Reputation: 2653
Reading between the lines, the CEO himself on Q2 earnings basically alluded to the fact that AMC is in trouble if box office sales don't rebound above $8 billion annually over the next two years. 2021 is currently sitting at $1.76 billion box office sales.

But hey, they're going to start accepting bitcoin! Let's pay a $23 transaction fee for a $13 movie ticket.
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