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热门
icecatching
2021-11-26
$老虎证券(TIGR)$
快破5了
icecatching
2021-11-23
$老虎证券(TIGR)$
如果下到6。我以后不再碰老虎
icecatching
2021-11-22
$老虎证券(TIGR)$
该不该放弃老虎
icecatching
2021-11-03
$Histogenics Corporation(OCGN)$
today hot watch. OCGN!!
icecatching
2021-11-03
$Histogenics Corporation(OCGN)$
今晚肯定是个不夜天
icecatching
2021-11-03
$Histogenics Corporation(OCGN)$
20的节奏
icecatching
2021-11-03
$Histogenics Corporation(OCGN)$
hmm
icecatching
2021-07-21
$老虎证券(TIGR)$
终于。。绿了[开心]
icecatching
2021-07-20
$Ardelyx(ARDX)$
拉升来啦
icecatching
2021-07-08
$TRCHP.CNT(TRCHP.CNT)$
当大冤头了
icecatching
2021-06-24
$老虎证券(TIGR)$
赢了老虎,输了全世界
icecatching
2021-06-23
$Torchlight Energy Resources Inc(TRCH)$
坚持到底
icecatching
2021-06-16
[强]
Amazon commits $300 million to help build 3,000 affordable housing units near public transit areas
icecatching
2021-06-03
[疑问] [疑问] [疑问]
Microsoft Acquires Refirm Labs
icecatching
2021-06-02
[开心]
AMC Stock Is Surging Again. How to Make Sense of the Move.
icecatching
2021-06-01
[捂脸] [捂脸]
抱歉,原内容已删除
icecatching
2021-05-28
[开心]
抱歉,原内容已删除
icecatching
2021-05-11
牛市的信号
高盛:QE或已达到顶峰,这是市场接下来会发生的事
去老虎APP查看更多动态
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该不该放弃老虎","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/875958594","isVote":1,"tweetType":1,"viewCount":1288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841756170,"gmtCreate":1635945309026,"gmtModify":1635945339450,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a>today hot watch. OCGN!!","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a>today hot watch. OCGN!!","text":"$Histogenics Corporation(OCGN)$today hot watch. OCGN!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841756170","isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841750454,"gmtCreate":1635944990433,"gmtModify":1635944990561,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a> 今晚肯定是个不夜天","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a> 今晚肯定是个不夜天","text":"$Histogenics Corporation(OCGN)$ 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hmm","images":[{"img":"https://static.tigerbbs.com/2e579d3d069e6b2ecb3747cce20d478e","width":"1080","height":"2400"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841729067","isVote":1,"tweetType":1,"viewCount":579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":178842337,"gmtCreate":1626801419029,"gmtModify":1631891560912,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>终于。。绿了[开心] ","listText":"<a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>终于。。绿了[开心] 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","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169482899","repostId":"2143279592","repostType":4,"repost":{"id":"2143279592","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623840540,"share":"https://www.laohu8.com/m/news/2143279592?lang=&edition=full","pubTime":"2021-06-16 18:49","market":"us","language":"en","title":"Amazon commits $300 million to help build 3,000 affordable housing units near public transit areas","url":"https://stock-news.laohu8.com/highlight/detail?id=2143279592","media":"Dow Jones","summary":"Amazon.com Inc. $(AMZN)$ said Wednesday it has committed $300 million to help accelerate the creatio","content":"<p>Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> said Wednesday it has committed $300 million to help accelerate the creation of up to 3,000 new affordable housing units across the Puget Sound area in Washington, in Washington, D.C. and Nashville. The Seattle-based ecommerce giant, in partnership with Sound Transit, said the commitment was in the form of below-market funding to developers to help expedite the building of affordable housing on Sound Transit property. The company has also committed $125 million to help build 1,000 affordable housing units at Metro Stations throughout D.C., and has committed $75 million to help build 800 affordable housing units near high-capacity transit corridors in the Nashville area. \"Increasingly, we are facing an affordable housing crisis across the entire Puget Sound region, and Sound Transit is expanding rail service into communities that are becoming less and less affordable for working families,\" said Sound Transit Chief Executive Peter Rogoff. Amazon's stock, which slipped 0.2% in premarket trading, has gained 3.9% year to date through Tuesday, while the S&P 500 has advanced 13.1%.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon commits $300 million to help build 3,000 affordable housing units near public transit areas</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon commits $300 million to help build 3,000 affordable housing units near public transit areas\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-16 18:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> said Wednesday it has committed $300 million to help accelerate the creation of up to 3,000 new affordable housing units across the Puget Sound area in Washington, in Washington, D.C. and Nashville. The Seattle-based ecommerce giant, in partnership with Sound Transit, said the commitment was in the form of below-market funding to developers to help expedite the building of affordable housing on Sound Transit property. The company has also committed $125 million to help build 1,000 affordable housing units at Metro Stations throughout D.C., and has committed $75 million to help build 800 affordable housing units near high-capacity transit corridors in the Nashville area. \"Increasingly, we are facing an affordable housing crisis across the entire Puget Sound region, and Sound Transit is expanding rail service into communities that are becoming less and less affordable for working families,\" said Sound Transit Chief Executive Peter Rogoff. Amazon's stock, which slipped 0.2% in premarket trading, has gained 3.9% year to date through Tuesday, while the S&P 500 has advanced 13.1%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","AMZN":"亚马逊","03086":"华夏纳指","09086":"华夏纳指-U"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143279592","content_text":"Amazon.com Inc. $(AMZN)$ said Wednesday it has committed $300 million to help accelerate the creation of up to 3,000 new affordable housing units across the Puget Sound area in Washington, in Washington, D.C. and Nashville. The Seattle-based ecommerce giant, in partnership with Sound Transit, said the commitment was in the form of below-market funding to developers to help expedite the building of affordable housing on Sound Transit property. The company has also committed $125 million to help build 1,000 affordable housing units at Metro Stations throughout D.C., and has committed $75 million to help build 800 affordable housing units near high-capacity transit corridors in the Nashville area. \"Increasingly, we are facing an affordable housing crisis across the entire Puget Sound region, and Sound Transit is expanding rail service into communities that are becoming less and less affordable for working families,\" said Sound Transit Chief Executive Peter Rogoff. Amazon's stock, which slipped 0.2% in premarket trading, has gained 3.9% year to date through Tuesday, while the S&P 500 has advanced 13.1%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":111894123,"gmtCreate":1622674044662,"gmtModify":1631891560960,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[疑问] [疑问] [疑问] ","listText":"[疑问] [疑问] [疑问] ","text":"[疑问] [疑问] [疑问]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/111894123","repostId":"2140446198","repostType":2,"repost":{"id":"2140446198","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1622672682,"share":"https://www.laohu8.com/m/news/2140446198?lang=&edition=full","pubTime":"2021-06-03 06:24","market":"us","language":"en","title":"Microsoft Acquires Refirm Labs","url":"https://stock-news.laohu8.com/highlight/detail?id=2140446198","media":"Reuters","summary":"Microsoft Corp :Microsoft Says Acquires Refirm Labs - Blog.Further Company Coverage: Msft.O. ((Reute","content":"<html><body><p>Microsoft Corp <msft.o>:Microsoft Says Acquires Refirm Labs - Blog.Further Company Coverage: Msft.O. ((Reuters.Briefs@Thomsonreuters.Com;)).</msft.o></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Acquires Refirm Labs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Acquires Refirm Labs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-03 06:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Microsoft Corp <msft.o>:Microsoft Says Acquires Refirm Labs - Blog.Further Company Coverage: Msft.O. ((Reuters.Briefs@Thomsonreuters.Com;)).</msft.o></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","09086":"华夏纳指-U","03086":"华夏纳指"},"source_url":"https://www.trkd.thomsonreuters.com","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140446198","content_text":"Microsoft Corp :Microsoft Says Acquires Refirm Labs - Blog.Further Company Coverage: Msft.O. ((Reuters.Briefs@Thomsonreuters.Com;)).","news_type":1},"isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":111988391,"gmtCreate":1622649007013,"gmtModify":1631891560976,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[开心] ","listText":"[开心] ","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/111988391","repostId":"1188552613","repostType":4,"repost":{"id":"1188552613","pubTimestamp":1622627641,"share":"https://www.laohu8.com/m/news/1188552613?lang=&edition=full","pubTime":"2021-06-02 17:54","market":"us","language":"en","title":"AMC Stock Is Surging Again. How to Make Sense of the Move.","url":"https://stock-news.laohu8.com/highlight/detail?id=1188552613","media":"Barrons","summary":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, th","content":"<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into speculative territory.</p>\n<p>But it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.</p>\n<p>Shares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office. Shares were up another 34%, to $42.92, in premarket trading Wednesday.</p>\n<p>Even if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.</p>\n<p>AMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.</p>\n<p>So, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.</p>\n<p>Back then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.</p>\n<p>The upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.</p>\n<p>In those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.</p>\n<p>Maybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.</p>\n<p>If AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.</p>\n<p>Then, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.</p>\n<p>There are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.</p>\n<p>Also, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.</p>\n<p>AMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.</p>\n<p>There is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.</p>\n<p>AMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.</p>\n<p>Wall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.</p>\n<p>Analysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.</p>\n<p>And that’s just another way of saying that AMC bulls are a long way from making the math work.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Stock Is Surging Again. How to Make Sense of the Move.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Stock Is Surging Again. How to Make Sense of the Move.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 17:54 GMT+8 <a href=https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into ...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188552613","content_text":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into speculative territory.\nBut it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.\nShares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office. Shares were up another 34%, to $42.92, in premarket trading Wednesday.\nEven if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.\nAMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.\nSo, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.\nBack then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.\nThe upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.\nIn those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.\nMaybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.\nIf AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.\nThen, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.\nThere are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.\nAlso, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.\nAMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.\nThere is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.\nAMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.\nWall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.\nAnalysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.\nAnd that’s just another way of saying that AMC bulls are a long way from making the math work.","news_type":1},"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":119695835,"gmtCreate":1622539770327,"gmtModify":1631891560986,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[捂脸] [捂脸] ","listText":"[捂脸] [捂脸] ","text":"[捂脸] [捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/119695835","repostId":"2140889468","repostType":4,"isVote":1,"tweetType":1,"viewCount":782,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":135860220,"gmtCreate":1622157866460,"gmtModify":1631891560997,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[开心] ","listText":"[开心] ","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/135860220","repostId":"2138179626","repostType":2,"isVote":1,"tweetType":1,"viewCount":622,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":199442630,"gmtCreate":1620730324920,"gmtModify":1634196788279,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"牛市的信号","listText":"牛市的信号","text":"牛市的信号","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/199442630","repostId":"2134265445","repostType":2,"repost":{"id":"2134265445","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业,总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1620698907,"share":"https://www.laohu8.com/m/news/2134265445?lang=&edition=full","pubTime":"2021-05-11 10:08","market":"us","language":"zh","title":"高盛:QE或已达到顶峰,这是市场接下来会发生的事","url":"https://stock-news.laohu8.com/highlight/detail?id=2134265445","media":"Wind万得","summary":"香港万得通讯社报道,随着五月来临,高盛等投行纷纷转向看跌美股走势。高盛策略师认为,全球量化宽松或已见顶,而大型科技股向顺周期的板块轮动还将延续。\n具体来看,高盛对于基本面给出了三大预测:\n1、商业情绪","content":"<p>香港万得通讯社报道,随着五月来临,<a href=\"https://laohu8.com/S/GS\">高盛</a>等投行纷纷转向看跌美股走势。高盛策略师认为,全球量化宽松或已见顶,而大型科技股向顺周期的板块轮动还将延续。</p>\n<p>具体来看,高盛对于基本面给出了三大预测:</p>\n<p>1、商业情绪可能已经见顶。本周开始,ISM制造业指数从64.7明显下滑至60.7。</p>\n<p>2、全球量化宽松(QE)可能已经见顶。英国央行(BoE)出人意料地减少了量化宽松计划,标志着英国货币政策的转折点。与此同时,正如<a href=\"https://laohu8.com/S/BAC\">美国银行</a>(BofA)的迈克尔•哈特尼特(Michael Hartnett)所计算的那样,四大央行的量化宽松规模将从20年的8.5万亿美元降至21年的3.4万亿美元,到2022年降至0.4万亿美元。而在第二季度/第三季度,“宏观经济复苏越强,缩减幅度就越快、越大。”</p>\n<p>3、就业增长可能已经见顶。上周,四月非农就业报告表现令人失望,该报告显示仅新增26.6万个就业岗位,而预期新增100万个或更多。失业率也上升到了6.1%(因为越来越多的人在找工作),平均时薪增长了0.7%,而经济学家们普遍认为没有增长。</p>\n<p>基于这些预期,从市场的角度来看,高盛预测有限的通胀风险和温和的货币政策——美联储将在2022年初开始缩减购债规模,并在2024年初开始加息——现在至少与美国增长预期中的剩余缺口同等重要。</p>\n<p>展望未来,高盛认为全球复苏将持续扩大。该行的大宗商品策略师一直直言不讳地表示,他们对石油和铜持积极看法,而外汇策略师则表示,他们对欧元大幅升值和美元在今年剩余时间内全面走软重拾信心。在利率方面,高盛仍然认为市场对美联储首次加息的定价过早。在信贷方面,估值上升了,但仍保持着质量下降的倾向,因为经济预测应会支持企业现金流,而美联储仍将提供大力支持。同样,股市也因经济改善而受到好评,但考虑到目前的全球扩张和友好的政策环境,发达市场和新兴市场仍将进一步上扬。</p>\n<p><b>“富人税”将打击FAAMG</b></p>\n<p>FAAMG (<a href=\"https://laohu8.com/S/FB\">Facebook</a>(FB.US)、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、<a href=\"https://laohu8.com/S/MSFT\">微软</a>和<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>是过去5年最好的投资之一,科技的惊人进步推动了科技巨头获得了巨额利润。</p>\n<p>但是高盛首席美国股票策略师David Kostin警告说,如果拜登政府明年加税的幅度加大,备受投资者青睐的FAAMG将面临进一步回调。</p>\n<p>该策略时表示:“如果拜登公司税计划得到全面实施,FAAMG 2022年预计收益将比普遍预期下降约9%。”相比之下,按照新的企业税税率,标准普尔500指数的收益将减少8%。</p>\n<p>Kostin说,FAAMG的股票也容易受到资本利得税增加的影响。“如果资本利得税在2022年上调,受较高税率影响的投资者可能会选择在2021年以较低的现行税率实现部分可观的资本利得。”FAAMG的股票在过去5年里升值了5万亿美元,占同期标普500市值增长的29%。</p>\n<p>Kostin补充说:“拜登总统提出的税制改革计划将提高公司和资本利得税率,这可能是FAAMG股票的风险来源。”</p>\n<p>可以这么说,FAAMG的支持者们似乎没有准备好迎接新一届政府改变的局面。高盛的研究发现,FAAMG股票的预期市盈率(P/E)为29倍,而标准普尔500指数中其余495只股票的预期市盈率为21倍。自1980年以来,五大股票34%的溢价仅排在第76百分位。</p>\n<p>仅这5只股票就占了标普500指数市值的21%。这不仅明显高于14%的长期平均水平,而且也高于2000年科技泡沫高峰时的18%。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>高盛:QE或已达到顶峰,这是市场接下来会发生的事</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n高盛:QE或已达到顶峰,这是市场接下来会发生的事\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time\">2021-05-11 10:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>香港万得通讯社报道,随着五月来临,<a href=\"https://laohu8.com/S/GS\">高盛</a>等投行纷纷转向看跌美股走势。高盛策略师认为,全球量化宽松或已见顶,而大型科技股向顺周期的板块轮动还将延续。</p>\n<p>具体来看,高盛对于基本面给出了三大预测:</p>\n<p>1、商业情绪可能已经见顶。本周开始,ISM制造业指数从64.7明显下滑至60.7。</p>\n<p>2、全球量化宽松(QE)可能已经见顶。英国央行(BoE)出人意料地减少了量化宽松计划,标志着英国货币政策的转折点。与此同时,正如<a href=\"https://laohu8.com/S/BAC\">美国银行</a>(BofA)的迈克尔•哈特尼特(Michael Hartnett)所计算的那样,四大央行的量化宽松规模将从20年的8.5万亿美元降至21年的3.4万亿美元,到2022年降至0.4万亿美元。而在第二季度/第三季度,“宏观经济复苏越强,缩减幅度就越快、越大。”</p>\n<p>3、就业增长可能已经见顶。上周,四月非农就业报告表现令人失望,该报告显示仅新增26.6万个就业岗位,而预期新增100万个或更多。失业率也上升到了6.1%(因为越来越多的人在找工作),平均时薪增长了0.7%,而经济学家们普遍认为没有增长。</p>\n<p>基于这些预期,从市场的角度来看,高盛预测有限的通胀风险和温和的货币政策——美联储将在2022年初开始缩减购债规模,并在2024年初开始加息——现在至少与美国增长预期中的剩余缺口同等重要。</p>\n<p>展望未来,高盛认为全球复苏将持续扩大。该行的大宗商品策略师一直直言不讳地表示,他们对石油和铜持积极看法,而外汇策略师则表示,他们对欧元大幅升值和美元在今年剩余时间内全面走软重拾信心。在利率方面,高盛仍然认为市场对美联储首次加息的定价过早。在信贷方面,估值上升了,但仍保持着质量下降的倾向,因为经济预测应会支持企业现金流,而美联储仍将提供大力支持。同样,股市也因经济改善而受到好评,但考虑到目前的全球扩张和友好的政策环境,发达市场和新兴市场仍将进一步上扬。</p>\n<p><b>“富人税”将打击FAAMG</b></p>\n<p>FAAMG (<a href=\"https://laohu8.com/S/FB\">Facebook</a>(FB.US)、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、<a href=\"https://laohu8.com/S/MSFT\">微软</a>和<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>是过去5年最好的投资之一,科技的惊人进步推动了科技巨头获得了巨额利润。</p>\n<p>但是高盛首席美国股票策略师David Kostin警告说,如果拜登政府明年加税的幅度加大,备受投资者青睐的FAAMG将面临进一步回调。</p>\n<p>该策略时表示:“如果拜登公司税计划得到全面实施,FAAMG 2022年预计收益将比普遍预期下降约9%。”相比之下,按照新的企业税税率,标准普尔500指数的收益将减少8%。</p>\n<p>Kostin说,FAAMG的股票也容易受到资本利得税增加的影响。“如果资本利得税在2022年上调,受较高税率影响的投资者可能会选择在2021年以较低的现行税率实现部分可观的资本利得。”FAAMG的股票在过去5年里升值了5万亿美元,占同期标普500市值增长的29%。</p>\n<p>Kostin补充说:“拜登总统提出的税制改革计划将提高公司和资本利得税率,这可能是FAAMG股票的风险来源。”</p>\n<p>可以这么说,FAAMG的支持者们似乎没有准备好迎接新一届政府改变的局面。高盛的研究发现,FAAMG股票的预期市盈率(P/E)为29倍,而标准普尔500指数中其余495只股票的预期市盈率为21倍。自1980年以来,五大股票34%的溢价仅排在第76百分位。</p>\n<p>仅这5只股票就占了标普500指数市值的21%。这不仅明显高于14%的长期平均水平,而且也高于2000年科技泡沫高峰时的18%。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1b3684302211042d481cacf9066fbcca","relate_stocks":{"GS":"高盛"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134265445","content_text":"香港万得通讯社报道,随着五月来临,高盛等投行纷纷转向看跌美股走势。高盛策略师认为,全球量化宽松或已见顶,而大型科技股向顺周期的板块轮动还将延续。\n具体来看,高盛对于基本面给出了三大预测:\n1、商业情绪可能已经见顶。本周开始,ISM制造业指数从64.7明显下滑至60.7。\n2、全球量化宽松(QE)可能已经见顶。英国央行(BoE)出人意料地减少了量化宽松计划,标志着英国货币政策的转折点。与此同时,正如美国银行(BofA)的迈克尔•哈特尼特(Michael Hartnett)所计算的那样,四大央行的量化宽松规模将从20年的8.5万亿美元降至21年的3.4万亿美元,到2022年降至0.4万亿美元。而在第二季度/第三季度,“宏观经济复苏越强,缩减幅度就越快、越大。”\n3、就业增长可能已经见顶。上周,四月非农就业报告表现令人失望,该报告显示仅新增26.6万个就业岗位,而预期新增100万个或更多。失业率也上升到了6.1%(因为越来越多的人在找工作),平均时薪增长了0.7%,而经济学家们普遍认为没有增长。\n基于这些预期,从市场的角度来看,高盛预测有限的通胀风险和温和的货币政策——美联储将在2022年初开始缩减购债规模,并在2024年初开始加息——现在至少与美国增长预期中的剩余缺口同等重要。\n展望未来,高盛认为全球复苏将持续扩大。该行的大宗商品策略师一直直言不讳地表示,他们对石油和铜持积极看法,而外汇策略师则表示,他们对欧元大幅升值和美元在今年剩余时间内全面走软重拾信心。在利率方面,高盛仍然认为市场对美联储首次加息的定价过早。在信贷方面,估值上升了,但仍保持着质量下降的倾向,因为经济预测应会支持企业现金流,而美联储仍将提供大力支持。同样,股市也因经济改善而受到好评,但考虑到目前的全球扩张和友好的政策环境,发达市场和新兴市场仍将进一步上扬。\n“富人税”将打击FAAMG\nFAAMG (Facebook(FB.US)、苹果、亚马逊、微软和谷歌是过去5年最好的投资之一,科技的惊人进步推动了科技巨头获得了巨额利润。\n但是高盛首席美国股票策略师David Kostin警告说,如果拜登政府明年加税的幅度加大,备受投资者青睐的FAAMG将面临进一步回调。\n该策略时表示:“如果拜登公司税计划得到全面实施,FAAMG 2022年预计收益将比普遍预期下降约9%。”相比之下,按照新的企业税税率,标准普尔500指数的收益将减少8%。\nKostin说,FAAMG的股票也容易受到资本利得税增加的影响。“如果资本利得税在2022年上调,受较高税率影响的投资者可能会选择在2021年以较低的现行税率实现部分可观的资本利得。”FAAMG的股票在过去5年里升值了5万亿美元,占同期标普500市值增长的29%。\nKostin补充说:“拜登总统提出的税制改革计划将提高公司和资本利得税率,这可能是FAAMG股票的风险来源。”\n可以这么说,FAAMG的支持者们似乎没有准备好迎接新一届政府改变的局面。高盛的研究发现,FAAMG股票的预期市盈率(P/E)为29倍,而标准普尔500指数中其余495只股票的预期市盈率为21倍。自1980年以来,五大股票34%的溢价仅排在第76百分位。\n仅这5只股票就占了标普500指数市值的21%。这不仅明显高于14%的长期平均水平,而且也高于2000年科技泡沫高峰时的18%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":875958594,"gmtCreate":1637596180204,"gmtModify":1637596180204,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a> 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Inc(TRCH)$坚持到底","images":[{"img":"https://static.tigerbbs.com/87b13eda857fbb901038df2f98d9c7f7","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121633860","isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":119695835,"gmtCreate":1622539770327,"gmtModify":1631891560986,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[捂脸] [捂脸] ","listText":"[捂脸] [捂脸] ","text":"[捂脸] 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快破5了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/877593745","isVote":1,"tweetType":1,"viewCount":664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841750454,"gmtCreate":1635944990433,"gmtModify":1635944990561,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a> 今晚肯定是个不夜天","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a> 今晚肯定是个不夜天","text":"$Histogenics Corporation(OCGN)$ 今晚肯定是个不夜天","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841750454","isVote":1,"tweetType":1,"viewCount":455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841723622,"gmtCreate":1635944447228,"gmtModify":1635944447363,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a>20的节奏","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics Corporation(OCGN)$</a>20的节奏","text":"$Histogenics Corporation(OCGN)$20的节奏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841723622","isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":169482899,"gmtCreate":1623847514011,"gmtModify":1631891560938,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[强] ","listText":"[强] ","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169482899","repostId":"2143279592","repostType":4,"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":111988391,"gmtCreate":1622649007013,"gmtModify":1631891560976,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[开心] ","listText":"[开心] ","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/111988391","repostId":"1188552613","repostType":4,"repost":{"id":"1188552613","pubTimestamp":1622627641,"share":"https://www.laohu8.com/m/news/1188552613?lang=&edition=full","pubTime":"2021-06-02 17:54","market":"us","language":"en","title":"AMC Stock Is Surging Again. How to Make Sense of the Move.","url":"https://stock-news.laohu8.com/highlight/detail?id=1188552613","media":"Barrons","summary":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, th","content":"<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into speculative territory.</p>\n<p>But it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.</p>\n<p>Shares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office. Shares were up another 34%, to $42.92, in premarket trading Wednesday.</p>\n<p>Even if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.</p>\n<p>AMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.</p>\n<p>So, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.</p>\n<p>Back then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.</p>\n<p>The upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.</p>\n<p>In those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.</p>\n<p>Maybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.</p>\n<p>If AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.</p>\n<p>Then, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.</p>\n<p>There are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.</p>\n<p>Also, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.</p>\n<p>AMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.</p>\n<p>There is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.</p>\n<p>AMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.</p>\n<p>Wall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.</p>\n<p>Analysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.</p>\n<p>And that’s just another way of saying that AMC bulls are a long way from making the math work.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Stock Is Surging Again. How to Make Sense of the Move.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Stock Is Surging Again. How to Make Sense of the Move.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 17:54 GMT+8 <a href=https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into ...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188552613","content_text":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into speculative territory.\nBut it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.\nShares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office. Shares were up another 34%, to $42.92, in premarket trading Wednesday.\nEven if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.\nAMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.\nSo, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.\nBack then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.\nThe upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.\nIn those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.\nMaybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.\nIf AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.\nThen, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.\nThere are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.\nAlso, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.\nAMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.\nThere is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.\nAMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.\nWall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.\nAnalysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.\nAnd that’s just another way of saying that AMC bulls are a long way from making the math work.","news_type":1},"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":199442630,"gmtCreate":1620730324920,"gmtModify":1634196788279,"author":{"id":"3582105320233958","authorId":"3582105320233958","authorIdStr":"3582105320233958","name":"icecatching","avatar":"https://static.tigerbbs.com/bfbb15af2af0c39e657b4d787921c41d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"牛市的信号","listText":"牛市的信号","text":"牛市的信号","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/199442630","repostId":"2134265445","repostType":2,"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}