Return of the theatre king?

Shares of $AMC Entertainment(AMC)$   has surged today on news of debt restructuring, fuelling optimism over AMC.

However, this has done little to alleviate worries over the company's business viability amidst deteriorating fundamentals. The rise of online streaming services and their growing popularity have weighed on AMC, whose profits in the fourth quarter of last year had been disappointing. With rising competition from the online streaming service providers the likes of $Walt Disney(DIS)$ $Netflix(NFLX)$  and $Amazon.com(AMZN)$  , AMC has better quickly reinvent itself to stay competitive and remain relevant post pandemic, as the pandemic has changed forever the way many people would watch movies. Until a sound turnaround strategy is in place in its management, I believe that AMC's stock price has risen ahead of its fundamentals.

@MillionaireTiger @CaptainTiger @TigerWire @TigerStars @TigerEvents @VideoLounge 

# 💰 Stocks to watch today?(06 Sep)

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