$AMC still has $624M of cash and just raised $124M from stock sales since Q1. They have a literal war chest
Almost a billion of debt paid off, Almost 700 million cash on hand, strike over, covid over. The future is looking good on the horizon.
I feel this report was stellar considering the horrible Q1 box office.
Under the surface, $AMC is closing screens and divesting underperforming theaters. This should continue to right-size their cost structure (long-term)
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