$AMC Entertainment(AMC)$Citis Analyst putting a sell rating and pricing the Share @ $2 is ridiculous based on the Asset Valuation of AMC. Even at a severely discounted rate, AMC would still price around $6+. This number has been backed up by many other analyst.
Is the analyst trying to manipulate the market for short sellers?
The understanding is that most stocks are being traded at many times their multiples based on their forward earnings projections. AMC is opening up their Cinemas again in Cali and NY thereby increasing earnings YoY, I seriously am trying to wrap my brain around the logic which states that increasing earnings leads to reduced share valuation.
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