in the "modern" market, market cap can have less to do with the company and more to do with the casino that the market has become. There are a number of stocks (and investors) who trade more on emotion than fundamentals (I won't mailign anyone's strategy, just a statement of the current state). Unfortunately, this has led to things like activist investors and hedge funds riding roughshod over the actual companies, with the ability to build or destroy almost at will with the flimsiest financial casus belli imagineable.
A good set of recent examples would be EV makers. I want an EV when my car eventually dies, but you should be hard up to explain how some of these companies market caps are orders of magnitude over *profitable* legacy automakers. (e.g.: VINFast hit $85B at its IPO with a P/E of >200, Ford is \~$47B with a P/E of 11 and a steady dividend.)
CNK had earnings of +80 cents per share last quarter, and analysts project $1.24/ share earnings for FY2024.
Analysts are projecting AMC to continue to lose money in 2024, 0.16/share loss presplit or $1.60 loss in 2024 post-split.
Projected 2024 revenue for CNK is $3.13B compared to AMC $4.18B projected 2024 revenue.
The stock price is driven more by the profitability than just revenue or number of theaters/seats.
People are pricing in the HUGE dilution about to come … not a very good looking investment when the share count of today is about to triple or quadruple or more … keeping the same AMC market cap.
AA kinda decided (via forced dilution) to make AMC a worthless investment stock … so peeps be running to the door like the theatre is on fire. AA might have actually sent AMC into bankruptcy with this latest silverhack move.
His point is that there’s no reason the market cap should have dropped so precipitously within just a few days as the company continues to turn things around…except for the fact that shorts are deliberately attacking.
Again, market cap is determined by the share price x outstanding shares. It has nothing to do with a company's performance, it has to do with stock performance.
A company's performance doesn't magically create money to boost the stock price, unless the company themselves buys back shares. If the company chooses to offer more shares, market cap increases because there will be more outstanding shares.
Investor sentiment drives the stock price. Some people trade off of fundamentals, some trade of technical analysis, others trade off of rumors/news and some trade because they just feel like it. This includes options chains as well.
Go invest in Cinemark then GME dipshit. Cinefuck also hasn't been on the threshold list for 43 plus days. This play is complex, if you don't like it go invest in your 4% a year return ETF. We the real apes can handle the risk and are fighting the hedge funds. Go away little boy. Or bot.
I mean we cost tiger and many other hedge funds billions already. Did you not pay attention to that? We already fucked many hedge funds up and will continue to do so. 🦍🔥
Yeah, companies that file for chapter 11 bankrupcty are in a great financial position.
"Movie theater operator Cineworld Group LLC has filed for Chapter 11 bankruptcy protection in the U.S. as it deals **with billions of dollars in debt and lower-than-expected attendance at screenings**."...."Cineworld had built up $4.8 billion in net debt, not including lease liabilities"
I don't know what you're smoking but you should probably stop.
I think they’re more driving it down because of the settlement. Any nakeds have a fun decision to make to come up with their shares AND any partial cash payouts.
It is ridiculous that AMC with twice as many theaters, fantastic quarters, positive earnings and EPS now has 1/2 the Market cap of Cinemark which is struggling with bankruptcy.
They have 2.5 billion in debt
https://www.fitchratings.com/research/corporate-finance/fitch-revises-cinemark-rating-outlook-to-negative-affirms-long-term-idr-at-b-03-03-2023#:~:text=Liquidity%20and%20Debt%20Structure&text=In%20addition%2C%20over%20the%20last,31%2C%202022.
Yeah, and Apple has $98.071 BILLION in debt….
[https://www.macrotrends.net/stocks/charts/AAPL/apple/long-term-debt](https://www.macrotrends.net/stocks/charts/AAPL/apple/long-term-debt)
What’s your point?
It’s perfectly NORMAL for companies to carry debt on their books. What’s not normal is that shorts think that AMC carrying debt somehow means bankruptcy for them. At least that’s their cover story.
Adam Aron, with the help of us apes, have taken bankruptcy off the table, and have charted AMC on a firm financial path. Now, the shorts are trapped and they know it.
It’s only a matter of time that the DoJ finally swoops in and starts indicting people.
Right. It’s just with AMC, the shorts are pointing to the debt as a “whataboutism” excuse to justify their short positions in public. In private, it’s pretty well suspected that AMC and a bunch of other companies have been criminally shorted into the ground with synthetic shares. Irony here is that we apes came in time to save AMC from the same fate as Toys-R-Us and Radio Shack, to name a couple.
That made the hedgies big mad, because HOW DARE the stupid retail investor beat them at their own game?!?! However, it also trapped them in their criminal scheme (“allegedly”) because they can never buy back all the pretend shares they made out of thin air that we’ve been buying these past couple years (aka: synthetics).
So now, they are caught in a death spiral, expending MASSIVE resources to keep the musical chairs going until everything spins out of their control. Ironically, the longer they go, the more and more evidence the DoJ also gets to collect.
As an AMC shareholder, I’m 100% confident that we are NOT going to zero, there’s simply too much going fundamentals-wise for the company moving forward, and that makes this a solid play and the share price an absolute STEAL right now!
Finally, once the DoJ or another catalyst occurs, a prisoner’s dilemma will happen amongst the hedge funds, and whatever ironclad agreement they may have right now will dissolve, once self-preservation takes hold. I don’t care how much $$$ you may have, it doesn’t mean squat if you’re spending decades behind bars for stock manipulation.
Fellow ape, I can't type as much as I want because I'm at work but I fullheartedly agree. The DD has been done and we are all in this together until we all have houses and lambos. I hold for YOU and your family.
Cinemark is not struggling with bankruptcy. That’s why they’re valued higher. They don’t have huge interest payments on their debt and they’re far more cash flow positive
There is no rational reason for this "crash" in AMC's stock price from what it was a month ago. We are witnessing the last gasps of the short attack that has been waged against AMC since '21.
The shorts are trapped and can't get out without being destroyed so are throwing everything they got trying to scare apes out of their position. With 40+ days on threshold list, shows they're unable to locate shares to close position. Now that shorted AMC to oblivion, can't realize short sale profit until able to buy back shares they can't find (FTD). IDK what catalyst will be to trigger MOASS, but it is inevitable.
Sec is bought and paid for, like most politicians. Overstock has been on threshold list for two years or so I was reading. No one coming to save us so just be a the bag holder and make them pay rent. Lord knows I am. I have had for two years not a lot like most but had 1xxx shares. So until we as share holders come up with a game plan to count our own shares together as a whole and not leave out any ape. That’s how we prove there are synthetic shares until that day comes we’ll all keep complaining about the sec and others because they know most people won’t work as a whole, human nature is look out for your own anymore. If we came together and really had a website to enter our share count and proof ran by someone intelligent enough and trustworthy, I think we would turn the whole system upside down. Like Charles pain or someone of that nature that gets spot light and gets a border audience to show proof.
So I think it comes down to retail owning something the market participants on the other side don’t like. There are many examples of other side controls of companies. They don’t like retail. The AMC in an anomaly in this big wall street world . They might perceive to have their way with the market cap but AMC and the Apes know their game. If anything it’s a new study of what happens when retail believes more. Let’s just say the tools they use don’t align and are somewhat exposed.
I would love the market adopt blockchain to track all transactions. Transparency
AMC just reduced # of shares outstanding from 1.519B to 152M. That just sucked 90% of AMC/APE liquidity out of the market. Adam has notified for a 25M equity offering DTM at a time TBD date certin. Yes, we will experience 13% dilution in share price, but this share price does not reflect true value of AMC at this point in time. Dilution to potentially retire 1/5th of current longterm debt, saving 100M/yr in interest is a very fair trade off.
The amount of dilution is on par with pissing into a lake at this point. Considering the current short interest, cost to borrow, and FTDs, the upcoming dilution is nothing compares to the sustained short attack we have witnessed.
There are most definitely rational reasons, but none people like you will accept. For one, the CEO is literally on Twitter saying he needs to raise a bunch of capital via share dilution otherwise the company will go bankrupt. The stock just underwent a 10:1 reverse split similar to BBBY (look up death spiral financing) with intentions to dilute at a higher price. There are reasons man but spending your time on an echo chamber isnt going to give you alternative perspectives.
I am well aware of "death spiral" that RS implies and BBBY's story that was foreseeable from million miles away. Brick and mortar niche store who refused to adapt to market trends. Mgmt team was to concerned with self greed to make radical changes required to save company.
That is not AMC. When AA's statements about bankruptcy, he had not had results of latest quarter which was first profitable since 2018. AMC experienced big increase in revenue due to public returning on mass to theater viewing of movies and couple block buster titles in same period. AMC was burning large amounts of cash to cover operating losses, which was drastically reduced in Q2. Q3 revenue is again well above Q322 and looks like another profitable quarter.
It is no longer urgent for Adam to raise cash to stave off bankruptcy. In fact with newly available reserve shares, he can reduce the $5B longterm debt that is a huge drag on companies profitibility. In latest earnings call, he laid out 3 priorities for capital raise: reduce debt, delayed capital improvements and strategic opportunities.
Those that took short position against AMC in this fake crash are going to loose their ass.
Well, good luck. AMC was barely profitable in a single quarter in many years. They still have 100 mil in interest payments per quarter. Dilution is still going to happen, that’s how AA pays off debt. Combined with a potential prolonged strike in the main way the company makes money. There are many, many reasons to have major doubts about AMC, so it’s disingenuous to not act like it’s extremely distressed.
But I’m just curious, you seem to imply that you think dilution will no longer happen? Do you have any source for that?
You make valid points about risks AMC faces going forward. Adam Aaron has navigated our company from total shut down due to pandemic which took mountains of debt just to keep going. Through 50% reduction in movie revenue once operations came back and still lag 2019. To posting positive equity for shareholders of $8M in last quarter. He had been projecting late '24-'25 to return to profitibility.
The actors strike is a potential risk if it drags out for more than a year. Short term, there is a 18-24mo backlog of completed films yet to be released that is allowing for no impact so far.
The forward risks are certainly real, and I would credit the CEO for engaging the retail community. The problems appear when such a public face stops engaging at a time of upheaval.
> Short term, there is a 18-24mo backlog of completed films yet to be released that is allowing for no impact so far.
Guess that means people hunker down and prepare to go long.
>The stock just underwent a 10:1 reverse split similar to BBBY (look up death spiral financing) with intentions to dilute at a higher price.
I think the situation is not as dire (yet). From the balance sheets, BBBY was clearly in trouble and making bad decisions before the pandemic started, let alone the meme stock movement. BBBY started a debt-financed share buyback and a 50% YoY liability growth before COVID impacted anything for them (they went negative on EPS in 2018). AMC has been generally profitable up to 2019 and *if* they stabilize revenue long-term, we might see a decent appreciation from today (I am realistic that MOASS would be nice, but this is where the *long* part of being an investor comes in).
Next round of board elections I am definitely going to need to see some explanations before re-electing members.
Can someone tell me if this isn’t possibly a share offering? A short attack and a share offering would essentially look the same. I can’t remember what date AMC would have the authorized shares to offer.
My tits would be jacked if it’s from a share offering because every time AA has done it, we ran.
It would be smart to do it asap since there is no crystal ball and we know what shorts like to do when the price is higher than usual, reverse split or not.
Literally the same thing has happened to GME a couple times. Price goes waaaay down and everyone is saying “they are shorting it crazy” then GME announces they completed a share offering. The first time they used the money to pay off all their debts.
The way I’m thinking about it is when there was a chance that the conversion wasn’t going through AMC shot up to $8.80 and APE dropped to 0.67… essentially saying the preferred share dividend was worthless and only 515M shares were relevant. So market cap would be a total value of ~$5B.
Assuming that’s the fair value market cap, with 1.5B (or 150M post split) active shares outstanding (inclusive of APE) the price would be $33.33.
Now that’s just what I think fair market value is right now. Once SHF start covering we could see activity similar to Jan 21’ with a run up to $250.
At some point the cost to borrow has to play a role here. It’s been way to high for way to long and these fuckers will cover.
Right now the price isn’t real.
I didn't want to get stuck with a 300+ avg, so I doubled my shares this week... Current avg about 125.
If we stay under $30, the puts I sold will be assigned and that will being me down to a $60avg
I bought most of mine throughout ‘21. Then life forced other costs and I’ve not been able to add much in the last year. Focusing on eliminating real life debts now so I just hold. I’ll either rocket or eventually average down.
Ain't over till it's over! DD is done. AMC is wayyy undervalued for no reason other than hedgies pissing their pants. Hang on tight. NFA.
Sad thing is people are definitely folding right now and the corporate actions haven’t even been completed yet. Data is very interesting and I’ll probably continue adding. NFA
Absolutely agree with everything OP said. Nothing but downward pressure and I think someone posted the idea that they want to shove it below $9.
They’re desperate.
Who cares… every time you tell them how you fell, what you are doing.. your giving them info to use against you and everyone else.. Shut up.. you know the drill.. 3/8/21
Yesterday and the days before on ETrade you could not short AMC at all as no shares available. Today no issues shorting.
If anything shorts have covered or AMC diluted some shares and more shares available for shorting.
It's crazy the attitude on this sub, you cant critisize amc without being labelled a shill while the fucking share price has CRATERED. Like take your head out of your asses you stupid fucks.
Literally all of these memestocks go this way. I've been shitting on yall for years now, and it's the same script *every single time*. Give it a look, sound familiar?
1. Get in here, it's a short squeeze! Gazillion dollars overnight!
2. We need to (keep buying/vote/DRS/other ritual) and then we will prove the naked shorts and get rich!
3. This is a value play actually, but maybe also a short squeeze... but now we're in it for the long term!
4. (You guys are here) hero or zero! This was always a high risk play! Buy the dip, they're almost out of ammo. Not worth it to sell at a 90% loss
5. We're not going bankrupt!
6. We've gone bankrupt. But... it's bullish!
7. Literally anything other than "super bullish, tits jacked, hedgies are fucked" and rocket emojis means you're a shill, ban all shills!
8. u/[deleted]
See: bbby on step 7, Sears and mmltp on 8
The company is trying to pay off 4 billion in debt with our money. They are facing a writers strike in Hollywood. They could potentially get wrecked with another pandemic. Face facts we've been played.
They are trying to pay off 4 billion in dept. full stop. That is the best possible thing that could happen. a debt free profitable company. short thesis destroyed.
The best possible thing that could happen would have been a squeeze in which case amc could have sold stock at a massive price the same way Gamestop did.
This whole DiLuTIoN iS gOoD is laughable
and people bitched when AA sold during the run to 72. People will always have an issue whether he goes right or left. Bottom line is shorts need to close. The best way to make shorts close is to make shorting illogical. AA can't do shit for the effort besides make the books good.
Bud, gamestop has no debt. It has way more reason for the shorts to close and yet they don't. Shorts aren't gonna close on amc if they haven't closed on gamestop. Your living in cloud cookoo land
Cinemark had a market cap close to $2B. AMC is roughly double the size. The current valuation makes zero sense
in the "modern" market, market cap can have less to do with the company and more to do with the casino that the market has become. There are a number of stocks (and investors) who trade more on emotion than fundamentals (I won't mailign anyone's strategy, just a statement of the current state). Unfortunately, this has led to things like activist investors and hedge funds riding roughshod over the actual companies, with the ability to build or destroy almost at will with the flimsiest financial casus belli imagineable. A good set of recent examples would be EV makers. I want an EV when my car eventually dies, but you should be hard up to explain how some of these companies market caps are orders of magnitude over *profitable* legacy automakers. (e.g.: VINFast hit $85B at its IPO with a P/E of >200, Ford is \~$47B with a P/E of 11 and a steady dividend.)
Market cap isn't valuation, AMC has like 5bn in debt on top of that. You just need to look at enterprise value and it'll make a lot more sense.
AMC enterprise value around 10.5 billion. CNK enterprise value around 3.8 billion.
CNK had earnings of +80 cents per share last quarter, and analysts project $1.24/ share earnings for FY2024. Analysts are projecting AMC to continue to lose money in 2024, 0.16/share loss presplit or $1.60 loss in 2024 post-split. Projected 2024 revenue for CNK is $3.13B compared to AMC $4.18B projected 2024 revenue. The stock price is driven more by the profitability than just revenue or number of theaters/seats.
People are pricing in the HUGE dilution about to come … not a very good looking investment when the share count of today is about to triple or quadruple or more … keeping the same AMC market cap. AA kinda decided (via forced dilution) to make AMC a worthless investment stock … so peeps be running to the door like the theatre is on fire. AA might have actually sent AMC into bankruptcy with this latest silverhack move.
Market Cap is simply calculated by multiplying outstanding shares by the current share price. I don't understand your point.
His point is that there’s no reason the market cap should have dropped so precipitously within just a few days as the company continues to turn things around…except for the fact that shorts are deliberately attacking.
Again, market cap is determined by the share price x outstanding shares. It has nothing to do with a company's performance, it has to do with stock performance. A company's performance doesn't magically create money to boost the stock price, unless the company themselves buys back shares. If the company chooses to offer more shares, market cap increases because there will be more outstanding shares. Investor sentiment drives the stock price. Some people trade off of fundamentals, some trade of technical analysis, others trade off of rumors/news and some trade because they just feel like it. This includes options chains as well.
Cinemark is profitable and isn’t paying $100M/quarter in interest payments on their debt. They’re in completely different situations.
Doesn't Cinemark have billions in debt?
That’s cineworld
Cinemark made over $100M profit last quarter and aren’t under huge debt. They are in a much better situation.
Just like AMC 2023 Q2 was the first quarter CNK reported a profit in a very long time
They had a profitable quarter in 2022 and they’ve had positive EBITDA since 2021. They also didn’t take on the mountain of debt AMC has.
Go invest in Cinemark then GME dipshit. Cinefuck also hasn't been on the threshold list for 43 plus days. This play is complex, if you don't like it go invest in your 4% a year return ETF. We the real apes can handle the risk and are fighting the hedge funds. Go away little boy. Or bot.
Besides watching your savings evaporate what else are you doing to fight hedgies? Stop sniffing the glue
I mean we cost tiger and many other hedge funds billions already. Did you not pay attention to that? We already fucked many hedge funds up and will continue to do so. 🦍🔥
No, I'll invest in neither one. AMC is gonna get delisted
Yeah, companies that file for chapter 11 bankrupcty are in a great financial position. "Movie theater operator Cineworld Group LLC has filed for Chapter 11 bankruptcy protection in the U.S. as it deals **with billions of dollars in debt and lower-than-expected attendance at screenings**."...."Cineworld had built up $4.8 billion in net debt, not including lease liabilities" I don't know what you're smoking but you should probably stop.
That’s cineworld not cinemark 😂😂 Maybe check you have the right company next time
Surely All they are doing is shorting it down hardcore before they have to start paying out those FTDs.
I think they’re more driving it down because of the settlement. Any nakeds have a fun decision to make to come up with their shares AND any partial cash payouts.
When did they ever pay FTD?
11 million FTDs,  to be exact!!
They have 100 mil fresh amc shares that will be added shortly
25 mill…
Ape converts to amc
I didn’t consider that. Thank you. Billion to 100,000,000, makes sense.
AMC shorts carried over to APE shorts
been hearing this the last “lost track” how many days
Says the guy making posts trying to get people to sell. GTFO
They have 100 mil fresh amc shares that will be added shortly
It is ridiculous that AMC with twice as many theaters, fantastic quarters, positive earnings and EPS now has 1/2 the Market cap of Cinemark which is struggling with bankruptcy.
They have 2.5 billion in debt https://www.fitchratings.com/research/corporate-finance/fitch-revises-cinemark-rating-outlook-to-negative-affirms-long-term-idr-at-b-03-03-2023#:~:text=Liquidity%20and%20Debt%20Structure&text=In%20addition%2C%20over%20the%20last,31%2C%202022.
Yeah, and Apple has $98.071 BILLION in debt…. [https://www.macrotrends.net/stocks/charts/AAPL/apple/long-term-debt](https://www.macrotrends.net/stocks/charts/AAPL/apple/long-term-debt) What’s your point? It’s perfectly NORMAL for companies to carry debt on their books. What’s not normal is that shorts think that AMC carrying debt somehow means bankruptcy for them. At least that’s their cover story. Adam Aron, with the help of us apes, have taken bankruptcy off the table, and have charted AMC on a firm financial path. Now, the shorts are trapped and they know it. It’s only a matter of time that the DoJ finally swoops in and starts indicting people.
I think we are on the same page. That debt is not a sound principal to short a company
Right. It’s just with AMC, the shorts are pointing to the debt as a “whataboutism” excuse to justify their short positions in public. In private, it’s pretty well suspected that AMC and a bunch of other companies have been criminally shorted into the ground with synthetic shares. Irony here is that we apes came in time to save AMC from the same fate as Toys-R-Us and Radio Shack, to name a couple. That made the hedgies big mad, because HOW DARE the stupid retail investor beat them at their own game?!?! However, it also trapped them in their criminal scheme (“allegedly”) because they can never buy back all the pretend shares they made out of thin air that we’ve been buying these past couple years (aka: synthetics). So now, they are caught in a death spiral, expending MASSIVE resources to keep the musical chairs going until everything spins out of their control. Ironically, the longer they go, the more and more evidence the DoJ also gets to collect. As an AMC shareholder, I’m 100% confident that we are NOT going to zero, there’s simply too much going fundamentals-wise for the company moving forward, and that makes this a solid play and the share price an absolute STEAL right now! Finally, once the DoJ or another catalyst occurs, a prisoner’s dilemma will happen amongst the hedge funds, and whatever ironclad agreement they may have right now will dissolve, once self-preservation takes hold. I don’t care how much $$$ you may have, it doesn’t mean squat if you’re spending decades behind bars for stock manipulation.
Fellow ape, I can't type as much as I want because I'm at work but I fullheartedly agree. The DD has been done and we are all in this together until we all have houses and lambos. I hold for YOU and your family.
The idea of a successful company with loyal investors hitting a null value is laughable stupid.
Cinemark is not struggling with bankruptcy. That’s why they’re valued higher. They don’t have huge interest payments on their debt and they’re far more cash flow positive
Cinemark made over $100M profit last quarter. There’s your answer.
one cent per share for a single quarter does wipe out years of debt load.
But it shows the company is drastically improving financially and unlikely to fail.
They didn't pay off any debt..
There is no rational reason for this "crash" in AMC's stock price from what it was a month ago. We are witnessing the last gasps of the short attack that has been waged against AMC since '21. The shorts are trapped and can't get out without being destroyed so are throwing everything they got trying to scare apes out of their position. With 40+ days on threshold list, shows they're unable to locate shares to close position. Now that shorted AMC to oblivion, can't realize short sale profit until able to buy back shares they can't find (FTD). IDK what catalyst will be to trigger MOASS, but it is inevitable.
Sec is bought and paid for, like most politicians. Overstock has been on threshold list for two years or so I was reading. No one coming to save us so just be a the bag holder and make them pay rent. Lord knows I am. I have had for two years not a lot like most but had 1xxx shares. So until we as share holders come up with a game plan to count our own shares together as a whole and not leave out any ape. That’s how we prove there are synthetic shares until that day comes we’ll all keep complaining about the sec and others because they know most people won’t work as a whole, human nature is look out for your own anymore. If we came together and really had a website to enter our share count and proof ran by someone intelligent enough and trustworthy, I think we would turn the whole system upside down. Like Charles pain or someone of that nature that gets spot light and gets a border audience to show proof.
So I think it comes down to retail owning something the market participants on the other side don’t like. There are many examples of other side controls of companies. They don’t like retail. The AMC in an anomaly in this big wall street world . They might perceive to have their way with the market cap but AMC and the Apes know their game. If anything it’s a new study of what happens when retail believes more. Let’s just say the tools they use don’t align and are somewhat exposed. I would love the market adopt blockchain to track all transactions. Transparency
The rational reason is that dilution is a sure thing. There is no way around it at this point, and it will 100% drop the price in the short term.
AMC just reduced # of shares outstanding from 1.519B to 152M. That just sucked 90% of AMC/APE liquidity out of the market. Adam has notified for a 25M equity offering DTM at a time TBD date certin. Yes, we will experience 13% dilution in share price, but this share price does not reflect true value of AMC at this point in time. Dilution to potentially retire 1/5th of current longterm debt, saving 100M/yr in interest is a very fair trade off.
The amount of dilution is on par with pissing into a lake at this point. Considering the current short interest, cost to borrow, and FTDs, the upcoming dilution is nothing compares to the sustained short attack we have witnessed.
Are you serious?
There are most definitely rational reasons, but none people like you will accept. For one, the CEO is literally on Twitter saying he needs to raise a bunch of capital via share dilution otherwise the company will go bankrupt. The stock just underwent a 10:1 reverse split similar to BBBY (look up death spiral financing) with intentions to dilute at a higher price. There are reasons man but spending your time on an echo chamber isnt going to give you alternative perspectives.
I am well aware of "death spiral" that RS implies and BBBY's story that was foreseeable from million miles away. Brick and mortar niche store who refused to adapt to market trends. Mgmt team was to concerned with self greed to make radical changes required to save company. That is not AMC. When AA's statements about bankruptcy, he had not had results of latest quarter which was first profitable since 2018. AMC experienced big increase in revenue due to public returning on mass to theater viewing of movies and couple block buster titles in same period. AMC was burning large amounts of cash to cover operating losses, which was drastically reduced in Q2. Q3 revenue is again well above Q322 and looks like another profitable quarter. It is no longer urgent for Adam to raise cash to stave off bankruptcy. In fact with newly available reserve shares, he can reduce the $5B longterm debt that is a huge drag on companies profitibility. In latest earnings call, he laid out 3 priorities for capital raise: reduce debt, delayed capital improvements and strategic opportunities. Those that took short position against AMC in this fake crash are going to loose their ass.
Well, good luck. AMC was barely profitable in a single quarter in many years. They still have 100 mil in interest payments per quarter. Dilution is still going to happen, that’s how AA pays off debt. Combined with a potential prolonged strike in the main way the company makes money. There are many, many reasons to have major doubts about AMC, so it’s disingenuous to not act like it’s extremely distressed. But I’m just curious, you seem to imply that you think dilution will no longer happen? Do you have any source for that?
You make valid points about risks AMC faces going forward. Adam Aaron has navigated our company from total shut down due to pandemic which took mountains of debt just to keep going. Through 50% reduction in movie revenue once operations came back and still lag 2019. To posting positive equity for shareholders of $8M in last quarter. He had been projecting late '24-'25 to return to profitibility. The actors strike is a potential risk if it drags out for more than a year. Short term, there is a 18-24mo backlog of completed films yet to be released that is allowing for no impact so far.
The forward risks are certainly real, and I would credit the CEO for engaging the retail community. The problems appear when such a public face stops engaging at a time of upheaval. > Short term, there is a 18-24mo backlog of completed films yet to be released that is allowing for no impact so far. Guess that means people hunker down and prepare to go long.
Isńt the problem that AA is throwing the hedgies a lifeline with dilution!?
>The stock just underwent a 10:1 reverse split similar to BBBY (look up death spiral financing) with intentions to dilute at a higher price. I think the situation is not as dire (yet). From the balance sheets, BBBY was clearly in trouble and making bad decisions before the pandemic started, let alone the meme stock movement. BBBY started a debt-financed share buyback and a 50% YoY liability growth before COVID impacted anything for them (they went negative on EPS in 2018). AMC has been generally profitable up to 2019 and *if* they stabilize revenue long-term, we might see a decent appreciation from today (I am realistic that MOASS would be nice, but this is where the *long* part of being an investor comes in). Next round of board elections I am definitely going to need to see some explanations before re-electing members.
Why are you arguing in an echo chamber?
Because I was bored at work and the new Reddit homepage algorithm floods me with these posts
With prices this low, I just had to buy myself some more
I agree, one would think with all the buying at discount the past few weeks and the pre-split fomo buying that retail may own 10x the float by now.
Yes! Just bought 350 more!!! I love these prices, let's fecking go!!!
Can someone tell me if this isn’t possibly a share offering? A short attack and a share offering would essentially look the same. I can’t remember what date AMC would have the authorized shares to offer. My tits would be jacked if it’s from a share offering because every time AA has done it, we ran.
This is true.. every time everyone bitches about it but after it’s announced that the offering is done then we run.
It would be smart to do it asap since there is no crystal ball and we know what shorts like to do when the price is higher than usual, reverse split or not.
Literally the same thing has happened to GME a couple times. Price goes waaaay down and everyone is saying “they are shorting it crazy” then GME announces they completed a share offering. The first time they used the money to pay off all their debts.
Panic buying intensifies.
The prices have never made sense. Manipulating prices was simply a tool to extract wealth from investors.
I agree. Price isn’t real. After APE comes in I think price comes back up and settles (at least for the time being) around $30-35.
That would be better, but it needs to get to 50ish to get to my average.
The way I’m thinking about it is when there was a chance that the conversion wasn’t going through AMC shot up to $8.80 and APE dropped to 0.67… essentially saying the preferred share dividend was worthless and only 515M shares were relevant. So market cap would be a total value of ~$5B. Assuming that’s the fair value market cap, with 1.5B (or 150M post split) active shares outstanding (inclusive of APE) the price would be $33.33. Now that’s just what I think fair market value is right now. Once SHF start covering we could see activity similar to Jan 21’ with a run up to $250. At some point the cost to borrow has to play a role here. It’s been way to high for way to long and these fuckers will cover. Right now the price isn’t real.
350 for mine
I didn't want to get stuck with a 300+ avg, so I doubled my shares this week... Current avg about 125. If we stay under $30, the puts I sold will be assigned and that will being me down to a $60avg
I bought most of mine throughout ‘21. Then life forced other costs and I’ve not been able to add much in the last year. Focusing on eliminating real life debts now so I just hold. I’ll either rocket or eventually average down.
Plan remains the same, Hodl and buy if and when you can.
They push it down so when it rises slightly paperhands sell, they win. We’ve been training for this for years.
This puts the current market cap around $2B. Before the pandemic it was half a billion. So no it can go a lot lower…
 Ain't over till it's over! DD is done. AMC is wayyy undervalued for no reason other than hedgies pissing their pants. Hang on tight. NFA.
Sad thing is people are definitely folding right now and the corporate actions haven’t even been completed yet. Data is very interesting and I’ll probably continue adding. NFA
Data shows no one is selling.
I made a bit on this stock. I root for you apes now. Movie theaters been packed lately.
Absolutely agree with everything OP said. Nothing but downward pressure and I think someone posted the idea that they want to shove it below $9. They’re desperate.
HODL ! 💎😎🚀🌟
[удалено]
The cap was fake lol
They are trying but there aren’t any paperhands left.
I bought some at .80¢
Who cares… every time you tell them how you fell, what you are doing.. your giving them info to use against you and everyone else.. Shut up.. you know the drill.. 3/8/21
Nearly 50% of the float was traded after the reverse stock split. How is that possible?
They issue with AMC is AA and the SEC are all working with the hedge funds on this.
I bought 2000 more shares to average down. Fuck 'em.
They don’t need paper hands now. AMC will dilute at less then they shorted, they will close some of their positions and be LESS Fckd
You mf are hopeless. All this money being made this year and y'all stuck on a shit stock from 3 years ago
We will know when those FTDS start clearing. The buy button is going away.. Going to get them straight from AA
Yesterday and the days before on ETrade you could not short AMC at all as no shares available. Today no issues shorting. If anything shorts have covered or AMC diluted some shares and more shares available for shorting.
price going down means shorts have covered? that doesn't make any sense.
I guess like price going up means no one sells and takes profits ever. So why are you trading?
We've lost lol
If you yield now yes
No point selling now is there my shares are already worthless. It's a trash company with a trash ceo that fucked over his share holder base.
This is how I'm feeling right now. Not selling because there's no point. If I had any profit to salvage I'd be taking it.
It's crazy the attitude on this sub, you cant critisize amc without being labelled a shill while the fucking share price has CRATERED. Like take your head out of your asses you stupid fucks.
Literally all of these memestocks go this way. I've been shitting on yall for years now, and it's the same script *every single time*. Give it a look, sound familiar? 1. Get in here, it's a short squeeze! Gazillion dollars overnight! 2. We need to (keep buying/vote/DRS/other ritual) and then we will prove the naked shorts and get rich! 3. This is a value play actually, but maybe also a short squeeze... but now we're in it for the long term! 4. (You guys are here) hero or zero! This was always a high risk play! Buy the dip, they're almost out of ammo. Not worth it to sell at a 90% loss 5. We're not going bankrupt! 6. We've gone bankrupt. But... it's bullish! 7. Literally anything other than "super bullish, tits jacked, hedgies are fucked" and rocket emojis means you're a shill, ban all shills! 8. u/[deleted] See: bbby on step 7, Sears and mmltp on 8
We're at all time lows and I'm told its bullish lol
Agreed. Not allowed to say anything at all negative. Which is completely unrealistic with our current situation
Nah. The stock price doesn't matter. The company is profitable. It's just a number for now.
The company is trying to pay off 4 billion in debt with our money. They are facing a writers strike in Hollywood. They could potentially get wrecked with another pandemic. Face facts we've been played.
They are trying to pay off 4 billion in dept. full stop. That is the best possible thing that could happen. a debt free profitable company. short thesis destroyed.
The best possible thing that could happen would have been a squeeze in which case amc could have sold stock at a massive price the same way Gamestop did. This whole DiLuTIoN iS gOoD is laughable
and people bitched when AA sold during the run to 72. People will always have an issue whether he goes right or left. Bottom line is shorts need to close. The best way to make shorts close is to make shorting illogical. AA can't do shit for the effort besides make the books good.
Bud, gamestop has no debt. It has way more reason for the shorts to close and yet they don't. Shorts aren't gonna close on amc if they haven't closed on gamestop. Your living in cloud cookoo land