gorgeousevan wrote a post · May 27, 2022 17:40

AMC Stock Is a Much Better Meme Stock Than GameStop.

$AMC Entertainment (AMC.US)$ $GameStop (GME.US)$ have done well to make sure they take advantage of the recent surge.GME stock continues to hold steady despite a volatile market.However, AMC’s underlying business is doing better than GME.

GameStop shows no signs of turning the tide when it comes to fundamentals. The only area where GameStop can see some success is cash management, which means it has enough money to continue operating until its financial situation improves.

Both AMC and GameStop have done well to make sure they take advantage of the recent surge and issue equity to shore up their respective balance sheets. It also helps that billionaire Ray Dalio’s hedge fund, Bridgewater Associates, recently picked up the two meme stocks.

I will say the same about AMC; however, its underlying business seems to be doing well. In recent months, the company has benefitted from big tentpole releases and can look forward to a pretty full content slate coming up.

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