Summer Blockbusters Are Back! What That Means for AMC Stock

Motley Fool2021-07-16

Blockbuster movies have returned to the movie theaters and not a moment too soon for AMC Entertainment Holdings (NYSE:AMC). The international theater chain was one of the hardest-hit companies during ...

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Comments

CLT224
2021-07-18
CLT224
Multiverses are here.
MamaLee
2021-07-18
MamaLee
Comment
rachelswl
2021-07-17
rachelswl
Finally a decent article from Motley
JaiVenky
2021-07-17
JaiVenky
Nice!
Wengho
2021-07-17
Wengho
Leave one comment
- TonyPhaLLeN:
  sure
NeedMoneyPls
2021-07-17
NeedMoneyPls
Record number of customers, exact 45 deg downward trend, 94% buy orders. AMC stock is obviously being manipulated.
- Th5:
  Wow

Leave a comment

304

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What That Means for AMC Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 22:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/16/summer-blockbusters-back-what-that-means-for-amc/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Blockbuster movies have returned to the movie theaters and not a moment too soon for AMC Entertainment Holdings (NYSE:AMC). The international theater chain was one of the hardest-hit companies during ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/16/summer-blockbusters-back-what-that-means-for-amc/\">Source Link</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://www.fool.com/investing/2021/07/16/summer-blockbusters-back-what-that-means-for-amc/","article_id":"2151892500","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2151892500","pubTimestamp":1626447300,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Movie releases on the July 9 weekend helped AMC reported its biggest crowds since before the pandemic.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线"},"translate_title":"暑期大片又回来了！这对AMC股票意味着什么","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9},"content_text":"Blockbuster movies have returned to the movie theaters and not a moment too soon for AMC Entertainment Holdings (NYSE:AMC). The international theater chain was one of the hardest-hit companies during the pandemic. Nearly all of its revenue comes from bringing folks together in one room to watch films on a large screen.\nIts business was devastated when it had to shut its doors to the viewing public as the world tried to slow the spread of the coronavirus. Major studios either delayed the release of big-ticket films or sent them straight to streaming services, a move that was slowing AMC's sales recovery even as it reopened theaters.\nBlockbusters are back\nThe July 9 weekend could mark a turning point in the bounce back for movie theater chain AMC. Buoyed by the release of the long-delayed blockbuster film Black Widow from Walt Disney, AMC reported a post-reopening record with 3.2 million moviegoers over the weekend.\nAccording to estimates, Black Widow generated $158 million in box office sales worldwide. Additionally, another blockbuster from Comcast's Universal Pictures, F9: The Fast Saga, has earned $542 million. That's just the beginning. More films are on the way as studios have stopped delaying releases.\nIt looks as though AMC has made it through the worst of the pandemic. There were moments during the most acute phases of lockdowns when the company's survival was in jeopardy. Management can be commended for urgently raising cash and cutting costs, and ensuring it had the resources to make it through.\nFundamentals matter\nSome of the capital the company raised during the pandemic was through borrowing. Its balance sheet has swelled to contain $5.4 billion in debt, and in the most recent quarter, the company paid interest expenses of $151.5 million. Annualized, its interest expense will be over $600 million.\nWhat makes that figure troublesome is that the most annual operating income AMC earned over the last decade was $310 million. So while it's great news that big-ticket movies are returning to movie theaters, AMC still has a lot of work to do before it fully bounces back. For instance, even if it matches its pre-pandemic high of $310 million in operating income, AMC will likely still report a loss on the bottom line because of the interest expense.\nMissed opportunity\nManagement understands the company's issues and is working on raising equity, presumably to pay down debt. It set forth a proposal to shareholders to authorize more shares for sale but withdrew the proposal in the face of negative feedback. Shareholders had the opportunity to help improve the long-run prospects of AMC but were not interested in the idea.\nThe fear was that the additional supply of shares in the market could drive down the stock price. And the short-term share price movement appears to be more of a concern for investors in AMC than the long-term fundamentals of the company.\nAMC's role as the focal point for a group of retail traders on Reddit makes the stock trade at a price that appears to be divorced from fundaments. As a result, AMC's stock price could continue higher despite its apparent poor financial circumstances.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":179423013,"gmtCreate":1626572698832,"gmtModify":1703761830364,"author":{"id":"3580093539764194","authorId":"3580093539764194","name":"CLT224","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3580093539764194","authorIdStr":"3580093539764194"},"htmlText":"Multiverses are here.","listText":"Multiverses are here.","text":"Multiverses are here.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/179423013","repostId":2151892500,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":179486643,"gmtCreate":1626571550382,"gmtModify":1703761807259,"author":{"id":"3579998898288031","authorId":"3579998898288031","name":"MamaLee","avatar":"https://static.tigerbbs.com/3b65143242ad70cd231ddce7436fdb25","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":1,"idStr":"3579998898288031","authorIdStr":"3579998898288031"},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/179486643","repostId":2151892500,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":179645594,"gmtCreate":1626525214118,"gmtModify":1703761449182,"author":{"id":"3583224908052547","authorId":"3583224908052547","name":"rachelswl","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583224908052547","authorIdStr":"3583224908052547"},"htmlText":"Finally a decent article from Motley&nbsp;","listText":"Finally a decent article from Motley&nbsp;","text":"Finally a decent article from Motley","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/179645594","repostId":2151892500,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":179661626,"gmtCreate":1626519639165,"gmtModify":1703761400872,"author":{"id":"3585210617348402","authorId":"3585210617348402","name":"JaiVenky","avatar":"https://static.tigerbbs.com/097793f3135b5fb8cb3f03847d72bf1a","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3585210617348402","authorIdStr":"3585210617348402"},"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/179661626","repostId":2151892500,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":179875852,"gmtCreate":1626509492676,"gmtModify":1703761321746,"author":{"id":"3586915753992855","authorId":"3586915753992855","name":"Wengho","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586915753992855","authorIdStr":"3586915753992855"},"htmlText":"Leave one comment&nbsp;","listText":"Leave one comment&nbsp;","text":"Leave one comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/179875852","repostId":2151892500,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5248341,"gmtCreate":1626519391492,"gmtModify":1663231098833,"authorId":3579513594302985,"author":{"id":3579513594302985,"idStr":"3579513594302985","authorId":3579513594302985,"name":"TonyPhaLLeN","avatar":"https://static.tigerbbs.com/e658111e804aea12d23a2d5567d98572","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":179875852,"type":1,"supId":0,"prevId":0,"content":"sure","text":"sure","html":"sure"}],"langContent":"EN"},{"id":179171249,"gmtCreate":1626497596181,"gmtModify":1703761177238,"author":{"id":"3577168442576973","authorId":"3577168442576973","name":"NeedMoneyPls","avatar":"https://static.tigerbbs.com/ae9445a785e57d1d8607eb2ae0dde618","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"3577168442576973","authorIdStr":"3577168442576973"},"htmlText":"Record number of customers, exact 45 deg downward trend, 94% buy orders. AMC stock is obviously being manipulated.","listText":"Record number of customers, exact 45 deg downward trend, 94% buy orders. AMC stock is obviously being manipulated.","text":"Record number of customers, exact 45 deg downward trend, 94% buy orders. AMC stock is obviously being manipulated.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/179171249","repostId":2151892500,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5247495,"gmtCreate":1626505671369,"gmtModify":1663231095733,"authorId":3580195118033506,"author":{"id":3580195118033506,"idStr":"3580195118033506","authorId":3580195118033506,"name":"Th5","avatar":"https://static.tigerbbs.com/2877fd9fdfaddc568dcad35d9b06bc0e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":179171249,"type":1,"supId":0,"prevId":0,"content":"Wow","text":"Wow","html":"Wow"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":304,"commentSize":64,"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":"4.29.3","shortVersion":"4.29.3","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/2151892500"}