If Blockbusters Can’t Save AMC Entertainment, What Will?

InvestorPlace2021-07-21

Slow moviegoing demand poses concerns for AMC stock. If I were to personally thank the meme-trading community for something, it would be for bailing me out of my position in AMC Entertainment (NYSE:...

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Comments

Jonno123
2021-07-21
Jonno123
Apes are saving AMC. That's all the DD u need boiz. AMC to the moon btw ??
股市搜搜搜
2021-07-21
股市搜搜搜
Good article
- hassrath:
  Yea
moneymakerz
2021-07-21
moneymakerz
?
Skai
2021-07-21
Skai
Dear writer, thanks for trying so hard to pretend that you still hold some position in $AMC Entertainment(AMC)$ and yet you're thankful that you have sold majority of your shares. Thanks for pretending.FUD. As hard as you've tried, we can tell that you're just trying to spread FUD. Your half baked negativities about AMC aren't appreciated. If you truly see no progress in AMC, you shouldn't be holding any position at all.AMC is fundamentally strong. The pandemic may not be over yet, but the vaccination has helped a lot. The main point is that cinemas are allowed to open now and thus revenue is growing. Things will only get better.After all, we're just waiting for the short squeeze.Dear users of Tiger Broker, please take note of
- Skai:
  True! Just do our own DD!
- 54088是神都杀:
  Huat
- thefatboi:
  Lol I don't read all those useless MSM articles anymore. The only thing we should trust are the DDs and research! #BUYANDHODL #AMCtothemoon
- Skai:
  Huat ah!
TripleWin
2021-07-21
TripleWin
Any issue?
- TripleWin:
  Yes
BenDoverNow
2021-07-21
BenDoverNow
tl;dr apes together strong

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However, the incredible enthusiasm that drove shares to ridiculous heights gave me the opportunity to exit handsomely.\nI still have some AMC stock in my portfolio, with the idea that since I’m playing with house money at this point, shares might move even higher. After all, even I started to get convinced with the “apes together strong” mantra. No, I’m not scouring social media for ideas. However, I thought it wasn’t completely unrealistic that the crowd could convince others to pile into the equity unit.\nAlas, it seems like the magic carpet ride in AMC stock is coming to an end. While I’m not going to speak with absolute conviction, its technical posture does not look appealing. Take it from someone who has a clear financial interest in the cineplex operator – from an ethical and objective point-of-view, I cannot say that the long trade isn’t without serious risks.\nA Personal Take on AMC Stock\nRecently, I decided to see for myself what the return to normal looks like as a moviegoing customer. I watched what is one of the most anticipated films this year,Black Widow, at a local AMC Theatres.\nAside from the conspicuous signs of mitigation requests – hand sanitizer stations, for instance – most things looked normal. From what I could tell, the concession stand was fully open: you just go and order your food like you did before the pandemic. Apparently, some cineplex operators use a mobile-app-based pickup service but I did not observe that during my visit.\nAbout the only thing that was a little bit off in terms of service was that some employees seemed rusty, which is completely understandable. In a way, we’re all trying to figure this out together so there’s no need for a nastyYelp(NYSE:YELP) review.\nBut the main problem I see moving forward for AMC stock is the underlying consumer demand. Granted, this is my personal observation – and I will get to the hard facts shortly. But when I went to visit on a Friday night, the crowd was buzzing but only in the context of the post-pandemic paradigm. Compared against pre-pandemic norms, it was noticeably dead.\nThat’s a major concern for AMC stock because I went to watch aDisney(NYSE:DIS) film based off its Marvel Studios franchise. If there’s anything that should bring in the crowds, it would beBlack Widow. You have two very relevant, A-list celebrities leading the charge under a brand that continues to churn out hit after hit.\nPlus, society has been starved for social experiences following the novel coronavirus-fueled lockdowns, sparking “revenge shopping” or the explosion of consumer spending after being denied for a one-year period.\nIt just wasn’t happening this time around.\nIs the Nature of Cinema Changing?\nCould it just be I just happened to watch at a dead time in the cinematic calendar? Absolutely. It doesn’t help that I don’t live in the biggest market. As well, you should never base your investment decision on a single person’s anecdotal observation.\nBut what’s an absolute fact is that the cineplex industry needs to start shifting into higher gear soon if wants to get back to the old normal or at least a sustainable normal.\nAccording to BoxOfficeMojo.com, during the domestic opening weekend (July 9 through July 11),Black Widowgenerated only $80.4 million. That’s a great figure for the post-pandemic paradigm. However, compared to 2019’s release ofAvengers: Endgame– which included the Black Widow character – $80 million is a drop in the bucket. OnAvengersdomestic opening weekend, ithauled in over $357 million.\nBy the way, for the global opening, the latter flickgrossed $1.2 billion.\nMoving forward, the question for AMC stock is, will Hollywood succeed in bringing people back to the big screen? I didn’t think I’d say this but I’m getting skeptical. Look, we’re not talking about some indie art house film centered on the social uprising in 1968 in Paris, France. Instead,Black Widowis a marquee blockbuster – a type of movie that would convince evenNetflix(NASDAQ:NFLX) zombies to get off their couch.\nBottom Line\nBut for right now, it seems the comeback narrative is struggling. Unless you’re a speculator, I’d pass on AMC stock. And don’t let my ownership of it trip you up. Again, I’m playing with house money. You might not be.","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":176839467,"gmtCreate":1626875450559,"gmtModify":1703479729797,"author":{"id":"3578782731604671","authorId":"3578782731604671","name":"Jonno123","avatar":"https://static.tigerbbs.com/ee063ae4df931cd529ec094c1de1e242","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Apes are saving AMC. That's all the DD u need boiz. AMC to the moon btw ??","listText":"Apes are saving AMC. That's all the DD u need boiz. AMC to the moon btw ??","text":"Apes are saving AMC. That's all the DD u need boiz. AMC to the moon btw ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176839467","repostId":1188370329,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":176338607,"gmtCreate":1626860255409,"gmtModify":1703479445555,"author":{"id":"3581591918943142","authorId":"3581591918943142","name":"股市搜搜搜","avatar":"https://static.tigerbbs.com/ecb301544fcb1c72efc07593fdb9ebcf","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Good article&nbsp;","listText":"Good article&nbsp;","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176338607","repostId":1188370329,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5295330,"gmtCreate":1626963420341,"gmtModify":1663231326138,"authorId":3572770575316275,"author":{"id":3572770575316275,"authorId":3572770575316275,"name":"hassrath","avatar":"https://static.tigerbbs.com/5aad87e8d07bd95cdb728c71d231f08b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176338607,"type":1,"supId":0,"prevId":0,"content":"Yea","text":"Yea","html":"Yea"}],"langContent":"EN"},{"id":176331419,"gmtCreate":1626860191831,"gmtModify":1703479444894,"author":{"id":"3577073858584111","authorId":"3577073858584111","name":"moneymakerz","avatar":"https://community-static.tradeup.com/news/67d2cfdb76b8eab58060a5e2f6e5e354","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176331419","repostId":1188370329,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":176979105,"gmtCreate":1626857707907,"gmtModify":1703479397382,"author":{"id":"3581985274026406","authorId":"3581985274026406","name":"Skai","avatar":"https://community-static.tradeup.com/news/895ee4bbfa814435328502a50bbee0a7","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Dear writer, thanks for trying so hard to pretend that you still hold some position in&nbsp;<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;and yet you're thankful that you have sold majority of your shares. Thanks for pretending.FUD.&nbsp;As hard as you've tried, we can tell that you're just trying to spread FUD. Your half baked negativities about AMC aren't appreciated. If you truly see no progress in AMC, you shouldn't be holding any position at all.AMC is fundamentally strong. The pandemic may not be over yet, but the vaccination has helped a lot. The main point is that cinemas are allowed to&nbsp;open&nbsp;now and thus revenue is growing. Things will only get better.After all, we're just waiting for the short squeeze.Dear users of Tiger Broker, please take note of","listText":"Dear writer, thanks for trying so hard to pretend that you still hold some position in&nbsp;<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;and yet you're thankful that you have sold majority of your shares. Thanks for pretending.FUD.&nbsp;As hard as you've tried, we can tell that you're just trying to spread FUD. Your half baked negativities about AMC aren't appreciated. If you truly see no progress in AMC, you shouldn't be holding any position at all.AMC is fundamentally strong. The pandemic may not be over yet, but the vaccination has helped a lot. The main point is that cinemas are allowed to&nbsp;open&nbsp;now and thus revenue is growing. Things will only get better.After all, we're just waiting for the short squeeze.Dear users of Tiger Broker, please take note of","text":"Dear writer, thanks for trying so hard to pretend that you still hold some position in $AMC Entertainment(AMC)$ and yet you're thankful that you have sold majority of your shares. Thanks for pretending.FUD. As hard as you've tried, we can tell that you're just trying to spread FUD. Your half baked negativities about AMC aren't appreciated. If you truly see no progress in AMC, you shouldn't be holding any position at all.AMC is fundamentally strong. The pandemic may not be over yet, but the vaccination has helped a lot. The main point is that cinemas are allowed to open now and thus revenue is growing. Things will only get better.After all, we're just waiting for the short squeeze.Dear users of Tiger Broker, please take note of","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/176979105","repostId":1188370329,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5289981,"gmtCreate":1626922630218,"gmtModify":1663231302941,"authorId":3581985274026406,"author":{"id":3581985274026406,"authorId":3581985274026406,"name":"Skai","avatar":"https://community-static.tradeup.com/news/895ee4bbfa814435328502a50bbee0a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176979105,"type":1,"supId":5282042,"prevId":0,"content":"True! Just do our own DD!","text":"True! Just do our own DD!","html":"True! Just do our own DD!"},{"id":5281660,"gmtCreate":1626857929126,"gmtModify":1663231256026,"authorId":4089955942753920,"author":{"id":4089955942753920,"authorId":4089955942753920,"name":"54088是神都杀","avatar":"https://static.tigerbbs.com/8955be3c681e4e3eba53ce4b4155290e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176979105,"type":1,"supId":0,"prevId":0,"content":"Huat","text":"Huat","html":"Huat"},{"id":5282042,"gmtCreate":1626861546689,"gmtModify":1635224599756,"authorId":3575124118028153,"author":{"id":3575124118028153,"authorId":3575124118028153,"name":"thefatboi","avatar":"https://static.tigerbbs.com/0c9be39e3426e74fa682cbc28b49c221","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176979105,"type":1,"supId":0,"prevId":0,"content":"Lol I don't read all those useless MSM articles anymore. The only thing we should trust are the DDs and research! #BUYANDHODL #AMCtothemoon","text":"Lol I don't read all those useless MSM articles anymore. The only thing we should trust are the DDs and research! #BUYANDHODL #AMCtothemoon","html":"Lol I don't read all those useless MSM articles anymore. The only thing we should trust are the DDs and research! #BUYANDHODL #AMCtothemoon"},{"id":5289982,"gmtCreate":1626922643503,"gmtModify":1635224026527,"authorId":3581985274026406,"author":{"id":3581985274026406,"authorId":3581985274026406,"name":"Skai","avatar":"https://community-static.tradeup.com/news/895ee4bbfa814435328502a50bbee0a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176979105,"type":1,"supId":5281660,"prevId":0,"content":"Huat ah!","text":"Huat ah!","html":"Huat ah!"}],"langContent":"EN"},{"id":176950070,"gmtCreate":1626856151790,"gmtModify":1703479366345,"author":{"id":"3577489740102994","authorId":"3577489740102994","name":"TripleWin","avatar":"https://static.tigerbbs.com/36f6d7690fd546416bd6f74b156c218f","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Any issue?","listText":"Any issue?","text":"Any issue?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176950070","repostId":1188370329,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5281455,"gmtCreate":1626856165249,"gmtModify":1663231255757,"authorId":3577489740102994,"author":{"id":3577489740102994,"authorId":3577489740102994,"name":"TripleWin","avatar":"https://static.tigerbbs.com/36f6d7690fd546416bd6f74b156c218f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176950070,"type":1,"supId":0,"prevId":0,"content":"<u>Yes</u>","text":"<u>Yes</u>","html":"<u>Yes</u>"}],"langContent":"EN"},{"id":176965813,"gmtCreate":1626855426332,"gmtModify":1703479348933,"author":{"id":"3579177363206549","authorId":"3579177363206549","name":"BenDoverNow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"tl;dr apes together strong&nbsp;","listText":"tl;dr apes together strong&nbsp;","text":"tl;dr apes together strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176965813","repostId":1188370329,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":80,"commentSize":12,"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":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","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/1188370329"}