Even The Batman May Not Be Strong Enough to Save AMC Stock

TipRanks2022-03-10

From Thursday through Sunday, the new "The Batman" feature film exploded onto screens, delivering the third highest attended movie weekend of the past two years for AMC Theatres (AMC), with more than ...

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Comments

koolgal
2022-03-13
koolgal
If Batman cannot rescue AMC from its falling share price, perhaps the Apes can do a better job. Kudos to Aron, its CEO who is certainly trying his best to make AMC profitable. Let's hope the united power of both the Apes and Aron will succeed. Let's do it AMC!
luckymeow
2022-03-11
luckymeow
Or you know, because the entire market is dipping and not just amc?
muiee
2022-03-11
muiee
need the DC Justice League and suicide squad too More firepower 🤣
JcJc
2022-03-11
JcJc
I'm tired on this stock .... dip and dip dip again 😥😥😥😥😥😥😥😥
7f1c4e97
2022-03-10
7f1c4e97
Ok
macan_putih
2022-03-10
macan_putih
They might need more better movies.

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It didn't hurt that, with $128.5 million it box office revenue booked over four days, \"The Batman\" easily delivered \"the most successful opening weekend of all the first installments in the Batman series of films\" (according to Quartz.com).And yet, by the evening of the Tuesday after this boffo Batman weekend, AMC's share price had fallen a stunning 17% from the share price it enjoyed on the day before the caped crusader's arrival. So did investors simply not get the memo? Are they making a mistake in not realizing that \"The Batman\" has saved the day, and AMC stock is now a \"buy?\"Not necessarily -- at least not according to Barrington's James Goss. The analyst explained that -- with Batman or without him -- AMC stock remains a pretty \"speculative\" investment, and is no sure thing.In Q4, notes Goss, AMC's revenues approached $1.2 billion, and earnings before interest, taxes, depreciation, and amortization were $159.2 million. CEO Adam Aron is being \"diligent\" about keeping costs in check, \"operating at relatively constrained hours... offering fewer showings [to] limit the impact of labor and supply challenges, while maximizing the utilization of the footprint,\" and \"negotiate[ing] with landlords, vendors and creditors [to free] up liquidity,\" the analyst opined.Aron has refinanced AMC's debt to lower interest payments and give the company some measure of \"additional flexibility.\" And he's succeeded in \"limit[ing] cash burn,\" and even managed to generate some positive operating cash flow in Q4. Combined will well-timed sales of stock to raise cash, Aron has amassed $1.5 billion in cash on the company's balance sheet (alongside, admittedly, nearly $10.8 billion in debt).All these steps, admits Goss, have resulted in \"improved... ability to sustain operations despite the challenging financial markets.\" Nevertheless, the company's financial situation remains tenuous, and the best rating Goss can bring himself to give the stock is Market Perform (i.e. Hold) -- without making any promises on the stock's price target.What might AMC do to turn that \"market perform\" rating into a \"market outperform?\" The analyst notes that the CEO has \"outlined a number of initiatives designed to create a more diverse business model beyond its core theatrical exhibition operations.\" The company might, for example, issue co-branded credit cards to create new revenue streams and bolster customer loyalty to AMC. Or it might create its own cryptocurrency. (AMC has already introduced a series of Non Fungible Tokens for sale). AMC might even sell \"AMC branded popcorn\" in grocery stores \"in packaged or microwavable forms.\" (Don't laugh. Goss says that could actually be \"a substantial business.\")As the analyst muses hopefully, \"there is always a possibility that one or more [of these ideas] may gain traction.\" In the meantime, however, investors should probably expect AMC to keep losing money while it seeks such traction. In Goss's estimation, the earliest AMC might conceivably turn profitable again is... 2025.Looking at the consensus breakdown, the bears have it. Based on 3 Holds and 2 Sells received in the last three months, the word on the Street is that AMC is a Moderate Sell. At $9.83, the average price target suggests shares will be changing hands at ~38% discount a year from now. To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.","kind":"news","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":9036404722,"gmtCreate":1647164295209,"gmtModify":1676534200031,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"htmlText":"If Batman cannot rescue AMC from its falling share price, perhaps the Apes can do a better job.&nbsp; Kudos to Aron, its CEO who&nbsp;is certainly trying his best to make&nbsp;AMC&nbsp;profitable.&nbsp; Let's hope the united&nbsp;power of both the Apes and Aron will succeed.&nbsp; Let's do it AMC!&nbsp;","listText":"If Batman cannot rescue AMC from its falling share price, perhaps the Apes can do a better job.&nbsp; Kudos to Aron, its CEO who&nbsp;is certainly trying his best to make&nbsp;AMC&nbsp;profitable.&nbsp; Let's hope the united&nbsp;power of both the Apes and Aron will succeed.&nbsp; Let's do it AMC!&nbsp;","text":"If Batman cannot rescue AMC from its falling share price, perhaps the Apes can do a better job. Kudos to Aron, its CEO who is certainly trying his best to make AMC profitable. Let's hope the united power of both the Apes and Aron will succeed. Let's do it AMC!","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036404722","repostId":2218236991,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9036350539,"gmtCreate":1646996387460,"gmtModify":1676534185563,"author":{"id":"3574809300455294","authorId":"3574809300455294","name":"luckymeow","avatar":"https://static.tigerbbs.com/82b7898645350ef13a16a216a0d14b1b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574809300455294","authorIdStr":"3574809300455294"},"htmlText":"Or you know, because the entire market is dipping and not just amc?&nbsp;","listText":"Or you know, because the entire market is dipping and not just amc?&nbsp;","text":"Or you know, because the entire market is dipping and not just amc?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036350539","repostId":2218236991,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9036083582,"gmtCreate":1646950025744,"gmtModify":1676534179492,"author":{"id":"4105956376555170","authorId":"4105956376555170","name":"muiee","avatar":"https://static.itradeup.com/news/21a493235e71c3c8b195f6554c25cfcc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4105956376555170","authorIdStr":"4105956376555170"},"htmlText":"need the DC Justice League and suicide squad too More firepower 🤣","listText":"need the DC Justice League and suicide squad too More firepower 🤣","text":"need the DC Justice League and suicide squad too More firepower 🤣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036083582","repostId":2218236991,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9036095636,"gmtCreate":1646931398765,"gmtModify":1676534178842,"author":{"id":"4088126420960140","authorId":"4088126420960140","name":"JcJc","avatar":"https://static.tigerbbs.com/3a18de000ce7013be088f3ab4082bd27","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088126420960140","authorIdStr":"4088126420960140"},"htmlText":"I'm tired on this stock .... dip and dip dip again 😥😥😥😥😥😥😥😥","listText":"I'm tired on this stock .... dip and dip dip again 😥😥😥😥😥😥😥😥","text":"I'm tired on this stock .... dip and dip dip again 😥😥😥😥😥😥😥😥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036095636","repostId":2218236991,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9038720155,"gmtCreate":1646921039786,"gmtModify":1676534177216,"author":{"id":"4107161820881570","authorId":"4107161820881570","name":"7f1c4e97","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4107161820881570","authorIdStr":"4107161820881570"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038720155","repostId":2218236991,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9038765878,"gmtCreate":1646920582518,"gmtModify":1676534177146,"author":{"id":"4098339841401990","authorId":"4098339841401990","name":"macan_putih","avatar":"https://static.tigerbbs.com/c084f47b753251a38c70260ccb6b08cb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4098339841401990","authorIdStr":"4098339841401990"},"htmlText":"They might need more better movies.","listText":"They might need more better movies.","text":"They might need more better movies.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038765878","repostId":2218236991,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":93,"commentSize":21,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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