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2021-07-15

$SGOCO Group Ltd(SGOC)$there will be another wave today.. don't miss the boat

2021-07-14

$SGOCO Group Ltd(SGOC)$continue to push higher

2021-07-14

$SGOCO Group Ltd(SGOC)$buy the dip and hold till at least 30

2021-07-07

Nice

The Duolingo IPO: 3 Things You Need to Know

2021-07-07

A

Sorry, the original content has been removed

2021-06-30

Good

Bed Bath & Beyond Is Set to Report Earnings on Wednesday. What to Know.

2021-06-04

$AMC Entertainment(AMC)$where are my apes family

2021-06-03

$BlackBerry(BB)$don't panic sell. Hold and earn tgt!

2021-06-03

$BlackBerry(BB)$holding all the way!!

2021-06-03

$AMC Entertainment(AMC)$hold guys.. its a plan sell off to make us panic.. amc gme bb etc all drop at the same time

2021-06-03

$AMC Entertainment(AMC)$still not too late to hope in the rocket. The apes are standing strong

2021-06-03

$AMC Entertainment(AMC)$continue to hold and to moon tgt!!

2021-06-03

$BlackBerry(BB)$go go go to the moon!

2021-06-02

Continue to hold. Don't panic sell

AMC Stock Is Surging Again. How to Make Sense of the Move.

2021-05-28

$AMC Entertainment(AMC)$buy and hold guys and we will be the winner

2021-05-11

$NIO Inc.(NIO)$resisting

2021-05-11

Bouncing back

If Everyone Sees It, Is It Still A Bubble?

2021-04-27

$Mind Medicine (MindMed) Inc.(MNMD)$4 more hours to the ?!

2021-04-27

$Mind Medicine (MindMed) Inc.(MNMD)$4 more hours and it will go to the moon moon moon !

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higher","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144125356","isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145775620,"gmtCreate":1626250397660,"gmtModify":1703756335831,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SGOC\">$SGOCO Group Ltd(SGOC)$</a>buy the dip and hold till at least 30","listText":"<a href=\"https://laohu8.com/S/SGOC\">$SGOCO Group Ltd(SGOC)$</a>buy the dip and hold till at least 30","text":"$SGOCO Group Ltd(SGOC)$buy the dip and hold till at least 30","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/145775620","isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140580891,"gmtCreate":1625666042313,"gmtModify":1703745976778,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140580891","repostId":"2149390193","repostType":4,"repost":{"id":"2149390193","pubTimestamp":1625664060,"share":"https://ttm.financial/m/news/2149390193?lang=&edition=fundamental","pubTime":"2021-07-07 21:21","market":"us","language":"en","title":"The Duolingo IPO: 3 Things You Need to Know","url":"https://stock-news.laohu8.com/highlight/detail?id=2149390193","media":"Motley Fool","summary":"Can you say \"unique publicly traded stock\" in Finnish or Vietnamese?","content":"<p>Duolingo has taken the first steps in its planned initial public offering (IPO), filing an early stage prospectus on its issue late last month. The company operates the popular language-learning app of the same name, and as such will be <a href=\"https://laohu8.com/S/AONE\">one</a> of the very few publicly traded language learning apps on the market (Pimsleur Language Programs -- a division of a division of <b>ViacomCBS</b> (NASDAQ:VIAC) -- can be owned by investors, but as part of a big media company it's far from a pure-play in the segment).</p>\n<p>With that in mind, here are three things potential investors in this language-learning-focused tech company should be aware of about its upcoming IPO.</p>\n<h2>1. Certain investors could get a jump on the IPO</h2>\n<p>Much has yet to be determined for the Duolingo IPO. The company hasn't yet set the price of its stock nor the number of shares it is issuing. It also hasn't fixed an IPO date.</p>\n<p>That's not stopping it from releasing some shares to the public, albeit in a limited way. Duolingo revealed in its prospectus that it will release some of the shares to the online trading platform Robinhood, for sale through the brokerage's recently launched IPO Access service, under which its users can request to buy shares of upcoming IPOs. According to Duolingo, these sales will close \"at the same initial public offering price, and at the same time, as any other purchases in this offering.\"</p>\n<p>Robinhood won't be an underwriter of the IPO (more on those entities in a moment). Rather, it's simply acting as an early-stage broker of Duolingo shares. As with other elements of the language learning company's IPO, though, no details have yet been provided.</p>\n<h2>2. It's basically an early-stage tech growth stock</h2>\n<p>Most consumers are familiar with Duolingo through its mobile app, which is readily available for free download through <b>Apple</b>'s App Store and <b>Alphabet</b>'s Google Play. It hews to the good old freemium model, with a stepped-up pay offering called Duolingo Plus. This confers a set of premium user features and ranges in cost from $6.67 to $12.99 per month (depending on platform and subscription length).</p>\n<p>Like a great many young tech companies that have listed on the stock market, Duolingo has been posting robust growth numbers but consistent bottom-line losses in its recent past. In 2020, revenue more than doubled from the previous year, landing at nearly $162 million. Growth wasn't as robust in the first three months of this year but still shot 97% higher (to nearly $55.4 million).</p>\n<p>Duolingo uses two metrics favored by social media and other online operators to gauge its app's popularity -- daily and monthly average users (MAUs). The MAU count rose by 34% in 2020 (to 36.7 million) and by 19% year over year in the first quarter (to 39.9 million).</p>\n<p>As for profitability -- or the lack thereof -- the 2020 net loss was $15.7 million, not appreciably deeper than the 2019 shortfall of $13.6 million. In Q1 of this year, due in no small part to a dramatic ramp-up in sales and marketing costs, the company's shortfall deepened considerably to almost $13.5 million from the year-ago $2.2 million deficit.</p>\n<h2>3. It'll be a rare company from its segment on the market</h2>\n<p>If it were a pure-play tech or, more specifically, social media site operator, Duolingo's slowing top-line numbers and MAU counts might leave investors somewhat cold.</p>\n<p>But there's no real significant pure-play stock in the language instruction category; again, Pimsleur is under the control of ViacomCBS -- which, needless to say, has far larger assets than the language instruction unit. Rosetta Stone was a publicly traded company for over a decade, but shortly after a nearly 40% pop on the stock's first day of trading in 2009, its price sank and never meaningfully recovered. The company ultimately went private in a 2020 transaction.</p>\n<p>So I think Duolingo will see some investor interest at the beginning, due to that uniqueness and the still-rising trajectory of its revenue and user base. That free publicity from the popular Robinhood -- an ambitious brokerage just getting started in the IPO realm -- won't hurt either. Shareholders will not be tolerant of losses for too long, though, so the company would do well to start flipping those bottom-line numbers into the black as soon as it can.</p>\n<h2>The details so far</h2>\n<p>To repeat, no IPO price, amount of shares, or issue date has yet been set for Duolingo. The company has applied for a <b>Nasdaq</b> listing under the ticker symbol DUOL. The underwriting syndicate of the issue includes <b>Goldman Sachs</b>, <b>Bank of America</b> Securities, and <b>Barclays</b>.</p>","source":"fool_stock","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>The Duolingo IPO: 3 Things You Need to Know</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\">\nThe Duolingo IPO: 3 Things You Need to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-07 21:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/07/the-duolingo-ipo-3-things-you-need-to-know/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Duolingo has taken the first steps in its planned initial public offering (IPO), filing an early stage prospectus on its issue late last month. The company operates the popular language-learning app ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/07/the-duolingo-ipo-3-things-you-need-to-know/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/07/07/the-duolingo-ipo-3-things-you-need-to-know/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149390193","content_text":"Duolingo has taken the first steps in its planned initial public offering (IPO), filing an early stage prospectus on its issue late last month. The company operates the popular language-learning app of the same name, and as such will be one of the very few publicly traded language learning apps on the market (Pimsleur Language Programs -- a division of a division of ViacomCBS (NASDAQ:VIAC) -- can be owned by investors, but as part of a big media company it's far from a pure-play in the segment).\nWith that in mind, here are three things potential investors in this language-learning-focused tech company should be aware of about its upcoming IPO.\n1. Certain investors could get a jump on the IPO\nMuch has yet to be determined for the Duolingo IPO. The company hasn't yet set the price of its stock nor the number of shares it is issuing. It also hasn't fixed an IPO date.\nThat's not stopping it from releasing some shares to the public, albeit in a limited way. Duolingo revealed in its prospectus that it will release some of the shares to the online trading platform Robinhood, for sale through the brokerage's recently launched IPO Access service, under which its users can request to buy shares of upcoming IPOs. According to Duolingo, these sales will close \"at the same initial public offering price, and at the same time, as any other purchases in this offering.\"\nRobinhood won't be an underwriter of the IPO (more on those entities in a moment). Rather, it's simply acting as an early-stage broker of Duolingo shares. As with other elements of the language learning company's IPO, though, no details have yet been provided.\n2. It's basically an early-stage tech growth stock\nMost consumers are familiar with Duolingo through its mobile app, which is readily available for free download through Apple's App Store and Alphabet's Google Play. It hews to the good old freemium model, with a stepped-up pay offering called Duolingo Plus. This confers a set of premium user features and ranges in cost from $6.67 to $12.99 per month (depending on platform and subscription length).\nLike a great many young tech companies that have listed on the stock market, Duolingo has been posting robust growth numbers but consistent bottom-line losses in its recent past. In 2020, revenue more than doubled from the previous year, landing at nearly $162 million. Growth wasn't as robust in the first three months of this year but still shot 97% higher (to nearly $55.4 million).\nDuolingo uses two metrics favored by social media and other online operators to gauge its app's popularity -- daily and monthly average users (MAUs). The MAU count rose by 34% in 2020 (to 36.7 million) and by 19% year over year in the first quarter (to 39.9 million).\nAs for profitability -- or the lack thereof -- the 2020 net loss was $15.7 million, not appreciably deeper than the 2019 shortfall of $13.6 million. In Q1 of this year, due in no small part to a dramatic ramp-up in sales and marketing costs, the company's shortfall deepened considerably to almost $13.5 million from the year-ago $2.2 million deficit.\n3. It'll be a rare company from its segment on the market\nIf it were a pure-play tech or, more specifically, social media site operator, Duolingo's slowing top-line numbers and MAU counts might leave investors somewhat cold.\nBut there's no real significant pure-play stock in the language instruction category; again, Pimsleur is under the control of ViacomCBS -- which, needless to say, has far larger assets than the language instruction unit. Rosetta Stone was a publicly traded company for over a decade, but shortly after a nearly 40% pop on the stock's first day of trading in 2009, its price sank and never meaningfully recovered. The company ultimately went private in a 2020 transaction.\nSo I think Duolingo will see some investor interest at the beginning, due to that uniqueness and the still-rising trajectory of its revenue and user base. That free publicity from the popular Robinhood -- an ambitious brokerage just getting started in the IPO realm -- won't hurt either. Shareholders will not be tolerant of losses for too long, though, so the company would do well to start flipping those bottom-line numbers into the black as soon as it can.\nThe details so far\nTo repeat, no IPO price, amount of shares, or issue date has yet been set for Duolingo. The company has applied for a Nasdaq listing under the ticker symbol DUOL. The underwriting syndicate of the issue includes Goldman Sachs, Bank of America Securities, and Barclays.","news_type":1},"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140514758,"gmtCreate":1625666015574,"gmtModify":1703745974781,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"A","listText":"A","text":"A","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140514758","repostId":"1147795052","repostType":4,"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159773563,"gmtCreate":1624982436552,"gmtModify":1703849539832,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159773563","repostId":"1172874030","repostType":4,"repost":{"id":"1172874030","pubTimestamp":1624879330,"share":"https://ttm.financial/m/news/1172874030?lang=&edition=fundamental","pubTime":"2021-06-28 19:22","market":"us","language":"en","title":"Bed Bath & Beyond Is Set to Report Earnings on Wednesday. What to Know.","url":"https://stock-news.laohu8.com/highlight/detail?id=1172874030","media":"Barrons","summary":"After a wild month on the meme stock rollercoaster, Bed Bath & Beyond shares have settled down right","content":"<p>After a wild month on the meme stock rollercoaster, Bed Bath &amp; Beyond shares have settled down right in time for the retailer’s latest earnings report.</p>\n<p>Bed Bath &amp; Beyond (ticker: BBBY) is set to report fiscal first-quarter earnings results before the market opens on Wednesday. The Wall Street consensus estimate for the quarter has adjusted earnings at nine cents per share and sales at $1.87 billion,&nbsp;according to FactSet. Analysts forecast same-store sales growth of 76% year-over-year.</p>\n<p>Wedbush Securities analyst Seth Basham thinks sales will meet expectations, but he’ll be looking for updates on how the company’s market share is holding up. He notes that Bed Bath is facing a relatively easy comparison from last year’s pandemic-impacted period. That will change in quarters to come, as the company will lap periods that saw in uptick in at-home spending.</p>\n<p>Bed Bath shares were caught in a broader&nbsp;resurgence for meme stocks&nbsp;at the start of June, but have since settled down. That led BofA Global Research analyst Curtis Nagle to bring back a Buy rating for the stock last week. Nagle dropped his rating after shares spiked 62% on June 2 on little news&nbsp;aside from chatter on social media. That’s a hallmark of&nbsp;meme stocks, which are generally highly shorted companies targeted&nbsp;by retail investors on Reddit.</p>\n<p>“Since then, [Bed Bath &amp; Beyond] shares are now trading much closer to levels pre-surge, and non-fundamentals drivers such as number of mentions on retail investor online message boards, trading volumes, and short interest have moderated,” Nagle wrote.</p>\n<p>Nagle also brought back a $38 price objective. He expects the company to hit earnings before interest, taxes, depreciation, and amortization, or Ebitda, of between $850 million and $1 billion by 2023.</p>\n<p>Bed Bath’s meme stock status has somewhat obscured efforts by CEO Mark Tritton to&nbsp;turn the company around. Nagle notes that the company’s balance sheet is in a strong place, with about $1.35 billion in cash and negative net debt of $200 million.</p>\n<p>He also argues the company is heading into its&nbsp;largest new product rollout&nbsp;in history, as the company rolls out new private label brands. Tritton told&nbsp;<i>Barron’s</i>&nbsp;earlier this year such efforts&nbsp;would play a role&nbsp;in the retailer’s turnaround.</p>\n<p>Nagle also points to store closures at underperforming locations and reopening tailwinds from back to school and wedding registry shoppers that should benefit the retailer.</p>\n<p>Of course, investors will need to be wary of social media and short seller activity. June wasn’t the first time the stock was caught in meme stock volatility. Bed Bath saw shares surge in January along with&nbsp;GameStop(GME) and&nbsp;AMC Entertainment Holdings(AMC).</p>\n<p>Analysts are mixed on the company’s prospects. Of the 21 analysts covering Bed Bath stock, two have Buy ratings, 13 have Neutral ratings, while six have Sell or equivalent ratings, according to FactSet. Their mean price target is $26.43, implying 12.1% downside from recent levels.</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>Bed Bath & Beyond Is Set to Report Earnings on Wednesday. What to Know.</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\">\nBed Bath & Beyond Is Set to Report Earnings on Wednesday. What to Know.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 19:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/bed-bath-beyond-reports-earnings-on-wednesday-look-beyond-the-meme-stock-spotlight-51624654711?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a wild month on the meme stock rollercoaster, Bed Bath & Beyond shares have settled down right in time for the retailer’s latest earnings report.\nBed Bath & Beyond (ticker: BBBY) is set to ...</p>\n\n<a href=\"https://www.barrons.com/articles/bed-bath-beyond-reports-earnings-on-wednesday-look-beyond-the-meme-stock-spotlight-51624654711?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"3B家居"},"source_url":"https://www.barrons.com/articles/bed-bath-beyond-reports-earnings-on-wednesday-look-beyond-the-meme-stock-spotlight-51624654711?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172874030","content_text":"After a wild month on the meme stock rollercoaster, Bed Bath & Beyond shares have settled down right in time for the retailer’s latest earnings report.\nBed Bath & Beyond (ticker: BBBY) is set to report fiscal first-quarter earnings results before the market opens on Wednesday. The Wall Street consensus estimate for the quarter has adjusted earnings at nine cents per share and sales at $1.87 billion, according to FactSet. Analysts forecast same-store sales growth of 76% year-over-year.\nWedbush Securities analyst Seth Basham thinks sales will meet expectations, but he’ll be looking for updates on how the company’s market share is holding up. He notes that Bed Bath is facing a relatively easy comparison from last year’s pandemic-impacted period. That will change in quarters to come, as the company will lap periods that saw in uptick in at-home spending.\nBed Bath shares were caught in a broader resurgence for meme stocks at the start of June, but have since settled down. That led BofA Global Research analyst Curtis Nagle to bring back a Buy rating for the stock last week. Nagle dropped his rating after shares spiked 62% on June 2 on little news aside from chatter on social media. That’s a hallmark of meme stocks, which are generally highly shorted companies targeted by retail investors on Reddit.\n“Since then, [Bed Bath & Beyond] shares are now trading much closer to levels pre-surge, and non-fundamentals drivers such as number of mentions on retail investor online message boards, trading volumes, and short interest have moderated,” Nagle wrote.\nNagle also brought back a $38 price objective. He expects the company to hit earnings before interest, taxes, depreciation, and amortization, or Ebitda, of between $850 million and $1 billion by 2023.\nBed Bath’s meme stock status has somewhat obscured efforts by CEO Mark Tritton to turn the company around. Nagle notes that the company’s balance sheet is in a strong place, with about $1.35 billion in cash and negative net debt of $200 million.\nHe also argues the company is heading into its largest new product rollout in history, as the company rolls out new private label brands. Tritton told Barron’s earlier this year such efforts would play a role in the retailer’s turnaround.\nNagle also points to store closures at underperforming locations and reopening tailwinds from back to school and wedding registry shoppers that should benefit the retailer.\nOf course, investors will need to be wary of social media and short seller activity. June wasn’t the first time the stock was caught in meme stock volatility. Bed Bath saw shares surge in January along with GameStop(GME) and AMC Entertainment Holdings(AMC).\nAnalysts are mixed on the company’s prospects. Of the 21 analysts covering Bed Bath stock, two have Buy ratings, 13 have Neutral ratings, while six have Sell or equivalent ratings, according to FactSet. Their mean price target is $26.43, implying 12.1% downside from recent levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116446341,"gmtCreate":1622816946883,"gmtModify":1704191829560,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>where are my&nbsp;apes family","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>where are my&nbsp;apes family","text":"$AMC Entertainment(AMC)$where are my apes family","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116446341","isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118346787,"gmtCreate":1622720793049,"gmtModify":1704189670437,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>don't panic sell. Hold and earn tgt!","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>don't panic sell. Hold and earn tgt!","text":"$BlackBerry(BB)$don't panic sell. Hold and earn tgt!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118346787","isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118346026,"gmtCreate":1622720769165,"gmtModify":1704189669306,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>holding all the way!!","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>holding all the way!!","text":"$BlackBerry(BB)$holding all the way!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118346026","isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118358184,"gmtCreate":1622720396448,"gmtModify":1704189654622,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>hold guys.. its a plan sell off to make us panic.. amc gme bb etc all drop at the same time","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>hold guys.. its a plan sell off to make us panic.. amc gme bb etc all drop at the same time","text":"$AMC Entertainment(AMC)$hold guys.. its a plan sell off to make us panic.. amc gme bb etc all drop at the same time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118358184","isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111353880,"gmtCreate":1622654314640,"gmtModify":1704188296404,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>still not too late to hope in the rocket. The apes are standing strong&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>still not too late to hope in the rocket. The apes are standing strong&nbsp;","text":"$AMC Entertainment(AMC)$still not too late to hope in the rocket. The apes are standing strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111353880","isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111327437,"gmtCreate":1622654166029,"gmtModify":1704188292678,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>continue to hold and to moon tgt!!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>continue to hold and to moon tgt!!","text":"$AMC Entertainment(AMC)$continue to hold and to moon tgt!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111327437","isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111381751,"gmtCreate":1622652618573,"gmtModify":1704188262201,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>go go go to the moon!","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>go go go to the moon!","text":"$BlackBerry(BB)$go go go to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111381751","isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111098033,"gmtCreate":1622643090222,"gmtModify":1704187947987,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"Continue to hold. Don't panic sell","listText":"Continue to hold. Don't panic sell","text":"Continue to hold. Don't panic sell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111098033","repostId":"1188552613","repostType":4,"repost":{"id":"1188552613","pubTimestamp":1622627641,"share":"https://ttm.financial/m/news/1188552613?lang=&edition=fundamental","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&nbsp;GameStop&nbsp;and&nbsp;BlackBerry&nbsp;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.&nbsp;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&amp;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&amp;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&nbsp;&nbsp;&nbsp;<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 $600 million.\nAnd that’s just another way of saying that AMC bulls are a long way from making the math work.","news_type":1},"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134321663,"gmtCreate":1622209043852,"gmtModify":1704181504607,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>buy and hold guys and we will be the winner","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>buy and hold guys and we will be the winner","text":"$AMC Entertainment(AMC)$buy and hold guys and we will be the winner","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/134321663","isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193942733,"gmtCreate":1620748459822,"gmtModify":1704347854102,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>resisting&nbsp;","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>resisting&nbsp;","text":"$NIO Inc.(NIO)$resisting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193942733","isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193942139,"gmtCreate":1620748414321,"gmtModify":1704347853611,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"Bouncing back&nbsp;","listText":"Bouncing back&nbsp;","text":"Bouncing back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193942139","repostId":"1199341916","repostType":4,"repost":{"id":"1199341916","pubTimestamp":1620736561,"share":"https://ttm.financial/m/news/1199341916?lang=&edition=fundamental","pubTime":"2021-05-11 20:36","market":"us","language":"en","title":"If Everyone Sees It, Is It Still A Bubble?","url":"https://stock-news.laohu8.com/highlight/detail?id=1199341916","media":"zerohedge","summary":"As Mark Hulbert noted recently, “everyone” is worrying about a “bubble” in the stock market. To wit:. “To appreciate how widespread current concern about a bubble is, consider the accompanying chart of data from Google Trends. It plots the relative frequency of Google searches based on the term ‘stock market bubble.’ Notice that this frequency has recently jumped to a far-higher level than at any other point over the last five years.”“My confidence is rising quite rapidly that this is, in fact, ","content":"<p><b><i>\"If everyone sees it, is it still a bubble?”</i></b>That was a great question I got over the weekend.&nbsp;As a&nbsp;<i>“contrarian”</i>&nbsp;investor, it is usually when&nbsp;<i>“everyone”</i>&nbsp;is talking about an event; it doesn’t happen.</p>\n<p>As&nbsp;<b><i>Mark Hulbert noted recently</i></b>,&nbsp;<i>“everyone”</i>&nbsp;is worrying about a<i>&nbsp;“bubble”</i>&nbsp;in the stock market. To wit:</p>\n<p><i>“To appreciate how widespread current concern about a bubble is, consider the accompanying chart of data from Google Trends. It plots the relative frequency of Google searches based on the term ‘stock market bubble.’ Notice that this frequency has recently jumped to a far-higher level than at any other point over the last five years.”</i></p>\n<p><img src=\"https://static.tigerbbs.com/7a2a152e3037789e73c80d5c89bf4141\" tg-width=\"500\" tg-height=\"337\" referrerpolicy=\"no-referrer\"><b>What Is A Bubble?</b></p>\n<blockquote>\n <b><i>“My confidence is rising quite rapidly that this is, in fact, becoming the fourth ‘real McCoy’ bubble of my investment career.</i></b>\n <i>The great bubbles can go on a long time and inflict a lot of pain, but at least I think we know now that we’re in one.”</i>\n <b><i>&nbsp;–</i></b>\n <i>Jeremy Grantham</i>\n</blockquote>\n<p>What is the definition of a bubble?&nbsp; According to&nbsp;<i>Investopedia:</i></p>\n<blockquote>\n <i>“A bubble is a market cycle that is characterized by the rapid escalation of market value, particularly in the price of assets.</i>\n <i><b>Typically, what creates a bubble is a surge in asset prices driven by exuberant market behavior.</b></i>\n <i>&nbsp;During a bubble, assets typically trade at a price</i>\n <i><b>that greatly exceeds the asset’s intrinsic value. Rather, the price does not align with thefundamentals of the asset.</b></i>\n <i>“</i>\n</blockquote>\n<p>This definition is suitable for our discussion; there are three components of a&nbsp;<i>“bubble.”</i><i><b>The&nbsp;first two, price and valuation,</b></i>&nbsp;are readily dismissed during the inflation phase.&nbsp;Jeremy Grantham once produced the following chart of 40-years of price bubbles in the markets. During the inflation phase, each was readily dismissed under the guise&nbsp;<i>“this time is different.”</i></p>\n<p><img src=\"https://static.tigerbbs.com/367ada4ec5d5a7c35f8e670e0224fc6b\" tg-width=\"500\" tg-height=\"342\"></p>\n<p><b>We are interested in the</b><b><i>“third”</i></b><b>&nbsp;component of</b><b><i>“bubbles,”</i></b><b>&nbsp;which is investor psychology.</b></p>\n<p><b>A Bubble In Psychology</b></p>\n<p>As&nbsp;<i><b>Howard Marks previously noted:</b></i></p>\n<blockquote>\n <i>“It’s the swings of psychology that get people into the biggest trouble. Especially since investors’ emotions invariably swing in the wrong direction at the wrong time.</i>\n <i><b>When things are going well people become greedy and enthusiastic. When times are troubled, people become fearful and reticent. That’s just the wrong thing to do. It’s important to control fear and greed.”</b></i>\n</blockquote>\n<p>Currently, it’s difficult for investors to become any more enthusiastic about market returns.&nbsp;<i>(</i><i><b>The RIAPro Fear/Greed Index</b></i><i>&nbsp;compiles measures of equity allocation and market sentiment. The index level is</i><i><b>not a component</b></i><i>&nbsp;of the measure that runs from 0 to 100.</i><i><b>The current reading is 99.9, which is a historical record.)</b></i></p>\n<p><img src=\"https://static.tigerbbs.com/137bb4e88e92ca8b22df63ffc61e387c\" tg-width=\"500\" tg-height=\"334\"></p>\n<p>Such is an interesting juxtaposition. On the one hand, there is a rising recognition of a&nbsp;<i>“bubble,”</i>&nbsp;but investors are unwilling to reduce “equity risk” for&nbsp;<i>“fear of missing out or F.O.M.O.”</i>Such was a point noted explicitly by Mark:</p>\n<blockquote>\n <i><b>“Rather than responding by taking some chips off the table, however, many began freely admitting a bubble formed.</b></i>\n <i>&nbsp;They no longer tried to justify higher prices on fundamentals. Rather,</i>\n <i><b>they justified it instead in terms of the market’s momentum.</b></i>\n <i>&nbsp;Prices should keep going up as FOMO seduces more investors to jump on the bandwagon.”</i>\n</blockquote>\n<p>In other words, investors have fully adopted the&nbsp;<i>“Greater Fool Theory.”</i></p>\n<p>Okay, Boomer!</p>\n<p>I know. The discussion of&nbsp;<i>“valuations”</i>&nbsp;is an old-fashioned idea relegated to investors of an older era. Such was evident in the pushback on Charlie Munger’s comments about Bitcoin recently:</p>\n<blockquote>\n <i>“</i>\n <i><b>While Munger has never been a bitcoin advocate, his dislike crystalized into something close to hatred.</b></i>\n <i>Looking back over the past 52 weeks, the reason for Munger’s anger becomes apparent with Berkshire rising only 50.5% against bitcoin’s more than 500% gain.”&nbsp;– Coindesk</i>\n</blockquote>\n<p>In 1999, when Buffett spoke out against&nbsp;<i>“Dot.com”</i>&nbsp;stocks, he got dismissed with a similar ire of&nbsp;<b><i>“investing with Warren Buffett is like driving ‘Dad’s old Pontiac.'”</i></b></p>\n<p>Today, young investors are not interested in the&nbsp;<i>“pearls of wisdom”</i>&nbsp;from experienced investors. Today, they are&nbsp;<i>“out of touch,”</i>&nbsp;with the market’s<i>&nbsp;“new reality.”</i></p>\n<blockquote>\n <i><b>“The big benefit of TikTok is it allows users to dole out and obtain information in short, easily digestible video bites, also called TikToks.</b></i>\n <i>&nbsp;And that can make unfamiliar, complex topics, such as personal finance and investing, more palatable to a younger audience.That advice runs the gamut, from general information about home buying or retirement savings to specific stock picks and investment ideas.</i>\n <i><b>Rob Shields, a 22-year-old, self-taught options trader who has more than 163,000 followers on TikTok, posts TikToks under the username stock_genius on topics such as popular stocks to watch, how to find good stocks, and basic trading strategies.” –&nbsp;WSJ:</b></i>\n</blockquote>\n<p><b>Of course, the problem with information doled out by 22-year olds is they were 10-year olds during the last</b><i><b>“bear market.”</b></i>Given the lack of experience of investing during such a market, as opposed to Warren Buffett who has survived several, is the eventual destruction of capital.</p>\n<p><b>Plenty Of Analogies</b></p>\n<blockquote>\n <i><b>“There is no shortage of current analogies, of course. Take Dogecoin, created as a joke with no fundamental value.</b></i>\n <i>&nbsp;As a&nbsp;recent Wall Street Journal article outlined, the Dogecoin ‘serves no purpose and, unlike Bitcoin, faces no limit on the number of coins that exist.’</i>\n <i><b>Yet investors flock to it, for no other apparent reason than its sharp rise.</b></i>\n <i>&nbsp;Billy Markus, the co-creator of dogecoin, said to the Wall Street Journal, ‘This is absurd. I haven’t seen anything like it. It’s one of those things that once it starts going up, it might keep going up.’” – Mark Hulbert</i>\n</blockquote>\n<p>That exuberance shows up with professionals as well.<b>&nbsp;As of the end of April, the National Association Of Investment Managers asset allocation was 103%.</b></p>\n<p><img src=\"https://static.tigerbbs.com/c412f208aa700b3f7ccb35d3b7d4e923\" tg-width=\"500\" tg-height=\"328\"></p>\n<p>As Dana Lyons noted previously:</p>\n<blockquote>\n “\n <i>Regardless of the investment acumen of any group (we think it is very high among NAAIM members),</i>\n <i><b>once the collective investment opinion or posture becomes too one-sided, it can be an indication that some market action may be necessary to correct such consensus.</b></i>\n <i>“</i>\n</blockquote>\n<p><b>Give Me More</b></p>\n<p>Of course, margin debt, which is the epitome of “<i>speculative appetite,”</i>&nbsp;soared in recent months.</p>\n<p><img src=\"https://static.tigerbbs.com/e11b088ecdf04d5036b4f5bb2d67c13d\" tg-width=\"500\" tg-height=\"327\"></p>\n<p>As stated,&nbsp;<i>“bubbles are about psychology,”</i>&nbsp;which the annual rate of change of leverage shows.</p>\n<p><img src=\"https://static.tigerbbs.com/422c963018723e8986826a89a32883e5\" tg-width=\"500\" tg-height=\"327\"></p>\n<p>Another form of leverage that doesn’t show up in margin debt is ETF’s structured to multiply market returns. These funds have seen record inflows in recent months.</p>\n<p><img src=\"https://static.tigerbbs.com/4ac35f10215d5fcffec35e4e94c952bb\" tg-width=\"500\" tg-height=\"335\"></p>\n<p><b>With margin debt reaching levels not seen since the peak of the last cyclical bull market cycle, it should raise some concerns about sustainability.</b>&nbsp;It is NOT the level of leverage that is the problem as leverage increases buying power as markets are rising.&nbsp;<b>The unwinding of this leverage is critically dangerous in the market as the acceleration of</b><b><i>“margin calls”</i></b><b>&nbsp;leads to a vicious downward spiral.</b></p>\n<p>Importantly, this chart<b>&nbsp;does not meanthat a massive market correction is imminent. I</b>t does suggest that leverage, and speculative risk-taking, are likely much further advanced than currently recognized.</p>\n<p><b>Pushing Extremes</b></p>\n<p>Prices are ultimately affected by physics. Moving averages, trend lines, etc., all exert a gravitational pull on prices in both the short and long term.&nbsp;<b>Like a rubber band, when prices get stretched too far in one direction, they have always eventually</b><b><i>“reverted to the mean”</i></b><b>&nbsp;in the most brutal of manners.</b></p>\n<p>The chart below shows the long-term chart of the S&amp;P 500 broken down by several measures: 2 and 3-standard deviations, valuations, relative strength, and deviations from the 3-year moving average.&nbsp;<b>It is worth noting that both standard deviations and distance from the 3-year moving average are at a record.</b></p>\n<p><b>During the last 120-years, overvaluation and extreme deviations NEVER got resolved by markets going sideways.</b></p>\n<p><img src=\"https://static.tigerbbs.com/4fc311c3fdd527fd911070f7dd841545\" tg-width=\"500\" tg-height=\"590\"></p>\n<p>The only missing ingredient for such a correction currently is simply a catalyst to put&nbsp;<i>“fear”</i>&nbsp;into an overly complacent marketplace. Anything from economic disruption, a credit-related crisis, or an unexpected exogenous shock could start the&nbsp;<i>“panic for the exits.”</i></p>\n<p><b>Conclusion</b></p>\n<p>There is more than adequate evidence a<i>&nbsp;“bubble”</i>&nbsp;exists in markets once again. However, as Mark noted in his commentary:</p>\n<blockquote>\n <i>‘I have no idea whether the stock market is actually forming a bubble that’s about to break.</i>\n <i><b>But I do know that many bulls are fooling themselves when they think a bubble can’t happen when there is such widespread concern. In fact, one of the distinguishing characteristics of a bubble is just that.”</b></i>\n</blockquote>\n<p>However, he concludes with the most important statement:</p>\n<blockquote>\n <i>“It’s important for all of us to be aware of this bubble psychology,</i>\n <i><b>but especially if you’re a retiree or a near-retiree. That’s because, in that case, your investment horizon is far shorter than for those who are younger.</b></i>\n <i>Therefore, you are less able to recover from the deflation of a market bubble.”</i>\n</blockquote>\n<p><b>Read that statement again.</b></p>\n<p>Millennials are quick to dismiss the&nbsp;<i>“Boomers”</i>&nbsp;in the financial markets today for&nbsp;<i>“not getting it.”</i></p>\n<p>No, we get it. We have just been around long enough to know how these things eventually end.</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>If Everyone Sees It, Is It Still A Bubble?</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\">\nIf Everyone Sees It, Is It Still A Bubble?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-11 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/if-everyone-sees-it-it-still-bubble><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>\"If everyone sees it, is it still a bubble?”That was a great question I got over the weekend. As a “contrarian” investor, it is usually when “everyone” is talking about an event; it doesn’t happen.\nAs...</p>\n\n<a href=\"https://www.zerohedge.com/markets/if-everyone-sees-it-it-still-bubble\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/if-everyone-sees-it-it-still-bubble","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199341916","content_text":"\"If everyone sees it, is it still a bubble?”That was a great question I got over the weekend. As a “contrarian” investor, it is usually when “everyone” is talking about an event; it doesn’t happen.\nAs Mark Hulbert noted recently, “everyone” is worrying about a “bubble” in the stock market. To wit:\n“To appreciate how widespread current concern about a bubble is, consider the accompanying chart of data from Google Trends. It plots the relative frequency of Google searches based on the term ‘stock market bubble.’ Notice that this frequency has recently jumped to a far-higher level than at any other point over the last five years.”\nWhat Is A Bubble?\n\n“My confidence is rising quite rapidly that this is, in fact, becoming the fourth ‘real McCoy’ bubble of my investment career.\nThe great bubbles can go on a long time and inflict a lot of pain, but at least I think we know now that we’re in one.”\n –\nJeremy Grantham\n\nWhat is the definition of a bubble?  According to Investopedia:\n\n“A bubble is a market cycle that is characterized by the rapid escalation of market value, particularly in the price of assets.\nTypically, what creates a bubble is a surge in asset prices driven by exuberant market behavior.\n During a bubble, assets typically trade at a price\nthat greatly exceeds the asset’s intrinsic value. Rather, the price does not align with thefundamentals of the asset.\n“\n\nThis definition is suitable for our discussion; there are three components of a “bubble.”The first two, price and valuation, are readily dismissed during the inflation phase. Jeremy Grantham once produced the following chart of 40-years of price bubbles in the markets. During the inflation phase, each was readily dismissed under the guise “this time is different.”\n\nWe are interested in the“third” component of“bubbles,” which is investor psychology.\nA Bubble In Psychology\nAs Howard Marks previously noted:\n\n“It’s the swings of psychology that get people into the biggest trouble. Especially since investors’ emotions invariably swing in the wrong direction at the wrong time.\nWhen things are going well people become greedy and enthusiastic. When times are troubled, people become fearful and reticent. That’s just the wrong thing to do. It’s important to control fear and greed.”\n\nCurrently, it’s difficult for investors to become any more enthusiastic about market returns. (The RIAPro Fear/Greed Index compiles measures of equity allocation and market sentiment. The index level isnot a component of the measure that runs from 0 to 100.The current reading is 99.9, which is a historical record.)\n\nSuch is an interesting juxtaposition. On the one hand, there is a rising recognition of a “bubble,” but investors are unwilling to reduce “equity risk” for “fear of missing out or F.O.M.O.”Such was a point noted explicitly by Mark:\n\n“Rather than responding by taking some chips off the table, however, many began freely admitting a bubble formed.\n They no longer tried to justify higher prices on fundamentals. Rather,\nthey justified it instead in terms of the market’s momentum.\n Prices should keep going up as FOMO seduces more investors to jump on the bandwagon.”\n\nIn other words, investors have fully adopted the “Greater Fool Theory.”\nOkay, Boomer!\nI know. The discussion of “valuations” is an old-fashioned idea relegated to investors of an older era. Such was evident in the pushback on Charlie Munger’s comments about Bitcoin recently:\n\n“\nWhile Munger has never been a bitcoin advocate, his dislike crystalized into something close to hatred.\nLooking back over the past 52 weeks, the reason for Munger’s anger becomes apparent with Berkshire rising only 50.5% against bitcoin’s more than 500% gain.” – Coindesk\n\nIn 1999, when Buffett spoke out against “Dot.com” stocks, he got dismissed with a similar ire of “investing with Warren Buffett is like driving ‘Dad’s old Pontiac.'”\nToday, young investors are not interested in the “pearls of wisdom” from experienced investors. Today, they are “out of touch,” with the market’s “new reality.”\n\n“The big benefit of TikTok is it allows users to dole out and obtain information in short, easily digestible video bites, also called TikToks.\n And that can make unfamiliar, complex topics, such as personal finance and investing, more palatable to a younger audience.That advice runs the gamut, from general information about home buying or retirement savings to specific stock picks and investment ideas.\nRob Shields, a 22-year-old, self-taught options trader who has more than 163,000 followers on TikTok, posts TikToks under the username stock_genius on topics such as popular stocks to watch, how to find good stocks, and basic trading strategies.” – WSJ:\n\nOf course, the problem with information doled out by 22-year olds is they were 10-year olds during the last“bear market.”Given the lack of experience of investing during such a market, as opposed to Warren Buffett who has survived several, is the eventual destruction of capital.\nPlenty Of Analogies\n\n“There is no shortage of current analogies, of course. Take Dogecoin, created as a joke with no fundamental value.\n As a recent Wall Street Journal article outlined, the Dogecoin ‘serves no purpose and, unlike Bitcoin, faces no limit on the number of coins that exist.’\nYet investors flock to it, for no other apparent reason than its sharp rise.\n Billy Markus, the co-creator of dogecoin, said to the Wall Street Journal, ‘This is absurd. I haven’t seen anything like it. It’s one of those things that once it starts going up, it might keep going up.’” – Mark Hulbert\n\nThat exuberance shows up with professionals as well. As of the end of April, the National Association Of Investment Managers asset allocation was 103%.\n\nAs Dana Lyons noted previously:\n\n “\n Regardless of the investment acumen of any group (we think it is very high among NAAIM members),\nonce the collective investment opinion or posture becomes too one-sided, it can be an indication that some market action may be necessary to correct such consensus.\n“\n\nGive Me More\nOf course, margin debt, which is the epitome of “speculative appetite,” soared in recent months.\n\nAs stated, “bubbles are about psychology,” which the annual rate of change of leverage shows.\n\nAnother form of leverage that doesn’t show up in margin debt is ETF’s structured to multiply market returns. These funds have seen record inflows in recent months.\n\nWith margin debt reaching levels not seen since the peak of the last cyclical bull market cycle, it should raise some concerns about sustainability. It is NOT the level of leverage that is the problem as leverage increases buying power as markets are rising. The unwinding of this leverage is critically dangerous in the market as the acceleration of“margin calls” leads to a vicious downward spiral.\nImportantly, this chart does not meanthat a massive market correction is imminent. It does suggest that leverage, and speculative risk-taking, are likely much further advanced than currently recognized.\nPushing Extremes\nPrices are ultimately affected by physics. Moving averages, trend lines, etc., all exert a gravitational pull on prices in both the short and long term. Like a rubber band, when prices get stretched too far in one direction, they have always eventually“reverted to the mean” in the most brutal of manners.\nThe chart below shows the long-term chart of the S&P 500 broken down by several measures: 2 and 3-standard deviations, valuations, relative strength, and deviations from the 3-year moving average. It is worth noting that both standard deviations and distance from the 3-year moving average are at a record.\nDuring the last 120-years, overvaluation and extreme deviations NEVER got resolved by markets going sideways.\n\nThe only missing ingredient for such a correction currently is simply a catalyst to put “fear” into an overly complacent marketplace. Anything from economic disruption, a credit-related crisis, or an unexpected exogenous shock could start the “panic for the exits.”\nConclusion\nThere is more than adequate evidence a “bubble” exists in markets once again. However, as Mark noted in his commentary:\n\n‘I have no idea whether the stock market is actually forming a bubble that’s about to break.\nBut I do know that many bulls are fooling themselves when they think a bubble can’t happen when there is such widespread concern. In fact, one of the distinguishing characteristics of a bubble is just that.”\n\nHowever, he concludes with the most important statement:\n\n“It’s important for all of us to be aware of this bubble psychology,\nbut especially if you’re a retiree or a near-retiree. That’s because, in that case, your investment horizon is far shorter than for those who are younger.\nTherefore, you are less able to recover from the deflation of a market bubble.”\n\nRead that statement again.\nMillennials are quick to dismiss the “Boomers” in the financial markets today for “not getting it.”\nNo, we get it. We have just been around long enough to know how these things eventually end.","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377821556,"gmtCreate":1619516267475,"gmtModify":1704725241131,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>4 more hours to the ?!","listText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>4 more hours to the ?!","text":"$Mind Medicine (MindMed) Inc.(MNMD)$4 more hours to the ?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377821556","isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377823392,"gmtCreate":1619516167516,"gmtModify":1704725239135,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>4 more hours and it will go to the moon moon moon !","listText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>4 more hours and it will go to the moon moon moon !","text":"$Mind Medicine (MindMed) Inc.(MNMD)$4 more hours and it will go to the moon moon moon !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377823392","isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":116446341,"gmtCreate":1622816946883,"gmtModify":1704191829560,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>where are my&nbsp;apes family","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>where are my&nbsp;apes family","text":"$AMC Entertainment(AMC)$where are my apes family","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116446341","isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144419978,"gmtCreate":1626309712994,"gmtModify":1703757525282,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SGOC\">$SGOCO Group Ltd(SGOC)$</a>there will be another wave today.. don't miss the boat&nbsp;","listText":"<a href=\"https://laohu8.com/S/SGOC\">$SGOCO Group Ltd(SGOC)$</a>there will be another wave today.. don't miss the boat&nbsp;","text":"$SGOCO Group Ltd(SGOC)$there will be another wave today.. don't miss the boat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144419978","isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144125356,"gmtCreate":1626272545475,"gmtModify":1703756860121,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SGOC\">$SGOCO Group Ltd(SGOC)$</a>continue to push higher","listText":"<a href=\"https://laohu8.com/S/SGOC\">$SGOCO Group Ltd(SGOC)$</a>continue to push higher","text":"$SGOCO Group Ltd(SGOC)$continue to push higher","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144125356","isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140514758,"gmtCreate":1625666015574,"gmtModify":1703745974781,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"A","listText":"A","text":"A","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140514758","repostId":"1147795052","repostType":4,"repost":{"id":"1147795052","pubTimestamp":1625665205,"share":"https://ttm.financial/m/news/1147795052?lang=&edition=fundamental","pubTime":"2021-07-07 21:40","market":"us","language":"en","title":"American Airlines says it flew three times as many passengers over July 4 weekend compared with 2020","url":"https://stock-news.laohu8.com/highlight/detail?id=1147795052","media":"CNBC","summary":"American Airlines said it flew 2.7 million people over the July 4 holiday weekend, almost three time","content":"<div>\n<p>American Airlines said it flew 2.7 million people over the July 4 holiday weekend, almost three times as many as last year as customers continue to return to travel.\nThe carrier operated more than 26,...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/07/american-airlines-says-july-4-weekend-travel-surged-over-last-year.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>American Airlines says it flew three times as many passengers over July 4 weekend compared with 2020</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; 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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\">\nAmerican Airlines says it flew three times as many passengers over July 4 weekend compared with 2020\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-07 21:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/07/american-airlines-says-july-4-weekend-travel-surged-over-last-year.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>American Airlines said it flew 2.7 million people over the July 4 holiday weekend, almost three times as many as last year as customers continue to return to travel.\nThe carrier operated more than 26,...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/07/american-airlines-says-july-4-weekend-travel-surged-over-last-year.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAL":"达美航空","LUV":"西南航空","AAL":"美国航空"},"source_url":"https://www.cnbc.com/2021/07/07/american-airlines-says-july-4-weekend-travel-surged-over-last-year.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1147795052","content_text":"American Airlines said it flew 2.7 million people over the July 4 holiday weekend, almost three times as many as last year as customers continue to return to travel.\nThe carrier operated more than 26,000 mainline and regional flights, more than double its capacity a year ago, David Seymour, American's chief operating officer, said in a note to staff.\nAmerican didn't provide a comparison to July 2019, before the pandemic began, but nationwide, fewer travelers passed through U.S. airports compared with two years ago.\nThe Transportation Security Administration screened 10 million people in the first five days of July, down by about 17% from the 12.2 million people that passed through airport security over the same period two years ago.\nAmerican increased its schedules more than competitorsUnited AirlinesandDelta Air Lines. Last month American said it trimmed its schedule for the first half of July by about 1%, around 1,000 flights, toavoid disruptionsdue to weather and staffing shortages.\nAirlines raced to staff up for a surge in travel demand.Southwest Airlines, for example, offered flight attendants, ground operations agents and other employeesdouble payto take shifts over the weekend, CNBC reported last week.\nAmerican hired 300 customer operations employees at its Dallas/Fort Worth International Airport hub \"and we're continuing those efforts across the board,\" COO Seymour said.\nThe weekend kicked off withhundreds of cancellationsand delays as thunderstorms passed through the United States.","news_type":1},"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111381751,"gmtCreate":1622652618573,"gmtModify":1704188262201,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>go go go to the moon!","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>go go go to the moon!","text":"$BlackBerry(BB)$go go go to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111381751","isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377821556,"gmtCreate":1619516267475,"gmtModify":1704725241131,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>4 more hours to the ?!","listText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>4 more hours to the ?!","text":"$Mind Medicine (MindMed) Inc.(MNMD)$4 more hours to the ?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377821556","isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377823392,"gmtCreate":1619516167516,"gmtModify":1704725239135,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>4 more hours and it will go to the moon moon moon !","listText":"<a href=\"https://laohu8.com/S/MNMD\">$Mind Medicine (MindMed) Inc.(MNMD)$</a>4 more hours and it will go to the moon moon moon !","text":"$Mind Medicine (MindMed) Inc.(MNMD)$4 more hours and it will go to the moon moon moon !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377823392","isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145775620,"gmtCreate":1626250397660,"gmtModify":1703756335831,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SGOC\">$SGOCO Group Ltd(SGOC)$</a>buy the dip and hold till at least 30","listText":"<a href=\"https://laohu8.com/S/SGOC\">$SGOCO Group Ltd(SGOC)$</a>buy the dip and hold till at least 30","text":"$SGOCO Group Ltd(SGOC)$buy the dip and hold till at least 30","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/145775620","isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193942733,"gmtCreate":1620748459822,"gmtModify":1704347854102,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>resisting&nbsp;","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>resisting&nbsp;","text":"$NIO Inc.(NIO)$resisting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193942733","isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140580891,"gmtCreate":1625666042313,"gmtModify":1703745976778,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140580891","repostId":"2149390193","repostType":4,"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159773563,"gmtCreate":1624982436552,"gmtModify":1703849539832,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159773563","repostId":"1172874030","repostType":4,"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118346787,"gmtCreate":1622720793049,"gmtModify":1704189670437,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>don't panic sell. Hold and earn tgt!","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>don't panic sell. Hold and earn tgt!","text":"$BlackBerry(BB)$don't panic sell. Hold and earn tgt!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118346787","isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118358184,"gmtCreate":1622720396448,"gmtModify":1704189654622,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>hold guys.. its a plan sell off to make us panic.. amc gme bb etc all drop at the same time","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>hold guys.. its a plan sell off to make us panic.. amc gme bb etc all drop at the same time","text":"$AMC Entertainment(AMC)$hold guys.. its a plan sell off to make us panic.. amc gme bb etc all drop at the same time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118358184","isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134321663,"gmtCreate":1622209043852,"gmtModify":1704181504607,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>buy and hold guys and we will be the winner","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>buy and hold guys and we will be the winner","text":"$AMC Entertainment(AMC)$buy and hold guys and we will be the winner","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/134321663","isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193942139,"gmtCreate":1620748414321,"gmtModify":1704347853611,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"Bouncing back&nbsp;","listText":"Bouncing back&nbsp;","text":"Bouncing back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193942139","repostId":"1199341916","repostType":4,"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118346026,"gmtCreate":1622720769165,"gmtModify":1704189669306,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>holding all the way!!","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>holding all the way!!","text":"$BlackBerry(BB)$holding all the way!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/118346026","isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111353880,"gmtCreate":1622654314640,"gmtModify":1704188296404,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>still not too late to hope in the rocket. The apes are standing strong&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>still not too late to hope in the rocket. The apes are standing strong&nbsp;","text":"$AMC Entertainment(AMC)$still not too late to hope in the rocket. The apes are standing strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111353880","isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111327437,"gmtCreate":1622654166029,"gmtModify":1704188292678,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>continue to hold and to moon tgt!!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>continue to hold and to moon tgt!!","text":"$AMC Entertainment(AMC)$continue to hold and to moon tgt!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111327437","isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111098033,"gmtCreate":1622643090222,"gmtModify":1704187947987,"author":{"id":"3579499181438056","authorId":"3579499181438056","name":"DCChoo","avatar":"https://static.tigerbbs.com/a60a3719293937664d27d597341a7d93","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579499181438056","authorIdStr":"3579499181438056"},"themes":[],"htmlText":"Continue to hold. Don't panic sell","listText":"Continue to hold. Don't panic sell","text":"Continue to hold. Don't panic sell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111098033","repostId":"1188552613","repostType":4,"repost":{"id":"1188552613","pubTimestamp":1622627641,"share":"https://ttm.financial/m/news/1188552613?lang=&edition=fundamental","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&nbsp;GameStop&nbsp;and&nbsp;BlackBerry&nbsp;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.&nbsp;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&amp;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&amp;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&nbsp;&nbsp;&nbsp;<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":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}