Loop Capital 唱空$AMC,但通篇下来,没有实质性内容,陈词滥调,在近期$AMC蓄势上攻之时,好的坏的消息都会来搅局,DIAMOND HANDS HODLing,THE APES[抱拳]
AMC Entertainment (NYSE:AMC) is 2.5% lower after Loop Capital reiterates its Sell rating even in the face of stock volatility that's been driven in part by bullish Reddit trading, and some recent recovery bullishness.
"We have no idea how long this will last, but firmly believe that in the long run the fundamentals will win out," analyst Alan Gould says.
And by those fundamentals, he means "The fundamentals of the exhibition industry have declined, AMC's competitive position, in our view, has not improved, its enterprise value has almost doubled while its closest competitor's value has declined."
Despite the cinema high driven by the weekend's results in Godzilla vs. Kong, Gould says he doesn't see the industry returning to pre-pandemic levels in the next few years.
Meanwhile, he notes the company's average at-the-market sale price was $3.13/share and "we question why it hasn't issued any more shares since late January."
And assuming pre-pandemic value, "which may be generous, implies little equity value barring successful financial engineering."
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