AMC Entertainment Isn’t Worth $40 a Share Yet

InvestorPlace2021-11-04

AMC Entertainment (NYSE:AMC) is making news again. For most of 2021, that has been a signal to the loyal AMC shareholders to send the stock to the moon. However, so far it looks like AMC stock is ...

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精彩评论

JFK23
2021-11-04
JFK23
It a meme stock
我不轻易出手
2021-11-04
我不轻易出手
到处发FUD，还不给评论，病猫
DragonKC
2021-11-04
DragonKC
A personal opinion against all apes, what a joke. Amc going to the moon.
Kiattt
2021-11-04
Kiattt
Like
Ck38
2021-11-04
Ck38
Pls like
- Qarah:
  Like and comment back thanks
- Kiattt:
  K
Glenna
2021-11-04
Glenna
good

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For most of 2021, that has been a signal to the loyal AMC shareholders to send the stock to the moon. However, so far it looks like AMC stock is ...</p>\n\n<a href=\"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/","article_id":"1170845937","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170845937","pubTimestamp":1636016985,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"AMC stock may need more than bullish news to move higher","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线"},"translate_title":"AMC院线还不值每股40美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9},"content_text":"AMC Entertainment (NYSE:AMC) is making news again. For most of 2021, that has been a signal to the loyal AMC shareholders to send the stock to the moon. However, so far it looks like AMC stock is remaining relatively tame. That seems reasonable to me, but I’ll let you decide.\nOn Nov. 1, the company announced that its October ticket admission revenues were the highest for any single month since February 2020. As someone who is rooting for a strong economy, I celebrate that news. But I’m not sure it changes the narrative for AMC stock.\nAMC Shareholders Face Tough Math\nRevenue at the end of the company’s most recent quarter was $444.7 million. That was a home run compared to 2020. But it’s a far cry from the $1.2 billion it earned in the first quarter of 2019 or the $1.44 billion it earned in the same quarter in 2018. But to be fair, AMC is doing an exceptional job at improving its earnings outlook. And the company’s debt looks very manageable in the short term.\nBut does that mean AMC stock should be valued at over $40 a share? At the end of February 2020, AMC stock had a closing price of $6.26. That’s above the level of a penny stock, but it was over 50% lower than the end of February 2019.\nSigh. I know the diamond hands that are holding AMC don’t care. But the economy of 2018 and 2019 was firing on all cylinders. And AMC stock was falling for many reasons. Streaming had something to do with it. However, like e-commerce, streaming has become more pervasive not less. And the nation appears to be recovering from a public health crisis that may permanently change individual’s feelings about sitting in a theater for two hours.\nWill Cryptocurrency Capture the Coveted Consumers?\nIn other news, AMC is polling retail investors and inquiring whether the company should add Shiba Inu (CCC:SHIB-USD) to the list of cryptocurrencies the company is planning to accept as payment. This news is potentially more bullish for holders of AMC stock. By accepting cryptocurrency as a form of payment, the theater chain is betting on the coveted millennial and Gen-Z consumers.\nSadly, I can say that even if they did own Dogecoin (CCC:DOGE-USD), my kids would almost rather be anywhere but a movie theater. It’s simply not what they (or their friends) do. That’s one reason I believe if AMC thinks that declining attendance is due to a payment method, they’re missing the plot.\nThe Future of AMC Stock Remains Unclear\nOn its most recent earnings call in August, AMC chief executive officer Adam Aron fired up his shareholders (and scolded writers like me) by saying that the company is determined to prove the“conventional wisdom … wrong.”I’m not a shareholder so I hope for the “apes” who do own AMC that Aron is right. Personally, I love going to the movies and always have.\nBut my experience pre-pandemic was one of dwindling attendance. I don’t see that changing.\nMy opinion of AMC stock is solely tied to my belief in the future of the cinema experience. With that in mind, I regard the return of cinema viewers as the low-hanging fruit that was to be expected. Like cruise ships, airplanes and hotels, many people didn’t choose to stop going to the movies. The option was not available to them. It is logical to expect them to return.\nAt the same time, it’s too early to tell whether the cinema chain is attracting some “new” customers who had previously decided that the cinema experience is not for them. When I see evidence that is happening and is sticky, I’ll be more bullish. Until then, I salute the apes, but am staying away from AMC stock.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":848729110,"gmtCreate":1636031247751,"gmtModify":1636031510105,"author":{"id":"3577142139469832","authorId":"3577142139469832","name":"JFK23","avatar":"https://static.tigerbbs.com/6bdaa6cc4eddbc577da598bd89525cf0","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"It a meme stock","listText":"It a meme stock","text":"It a meme stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848729110","repostId":1170845937,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":848428467,"gmtCreate":1636021700282,"gmtModify":1636021700282,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"到处发FUD，还不给评论，病猫","listText":"到处发FUD，还不给评论，病猫","text":"到处发FUD，还不给评论，病猫","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848428467","repostId":1170845937,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":848486528,"gmtCreate":1636020021327,"gmtModify":1636020022673,"author":{"id":"3577178099298017","authorId":"3577178099298017","name":"DragonKC","avatar":"https://static.tigerbbs.com/f90c63c67a4e5f91e9dc0159f5b853ab","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"A personal opinion against all apes,&nbsp; what a joke. Amc going to the moon.&nbsp;","listText":"A personal opinion against all apes,&nbsp; what a joke. Amc going to the moon.&nbsp;","text":"A personal opinion against all apes, what a joke. Amc going to the moon.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848486528","repostId":1170845937,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":848494030,"gmtCreate":1636017683774,"gmtModify":1636017731079,"author":{"id":"3575378956741249","authorId":"3575378956741249","name":"Kiattt","avatar":"https://static.tigerbbs.com/586600416b343f9d9fc7463cf77c2825","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848494030","repostId":1170845937,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":848492099,"gmtCreate":1636017567714,"gmtModify":1636017568297,"author":{"id":"3583102255464470","authorId":"3583102255464470","name":"Ck38","avatar":"https://static.tigerbbs.com/9b8be8ba545142480a0d1d5dc625e918","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/848492099","repostId":1170845937,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6452618,"gmtCreate":1636028366516,"gmtModify":1636028366547,"authorId":3570439473038184,"author":{"id":3570439473038184,"authorId":3570439473038184,"name":"Qarah","avatar":"https://static.tigerbbs.com/48285a44928a897dd5f255c626d5e9e1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848492099,"type":1,"supId":0,"prevId":0,"content":"<u>Like</u> and comment back thanks","text":"<u>Like</u> and comment back thanks","html":"<u>Like</u> and comment back thanks"},{"id":6451013,"gmtCreate":1636017687819,"gmtModify":1636017687928,"authorId":3575378956741249,"author":{"id":3575378956741249,"authorId":3575378956741249,"name":"Kiattt","avatar":"https://static.tigerbbs.com/586600416b343f9d9fc7463cf77c2825","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":848492099,"type":1,"supId":0,"prevId":0,"content":"<u>K</u>","text":"<u>K</u>","html":"<u>K</u>"}],"langContent":"CN"},{"id":848491673,"gmtCreate":1636017304453,"gmtModify":1636017305310,"author":{"id":"3570769377369254","authorId":"3570769377369254","name":"Glenna","avatar":"https://static.tigerbbs.com/8cb1540811be40c4d05341502c35498c","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848491673","repostId":1170845937,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":17,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1170845937"}