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$AMC Entertainment(AMC.US$ Ive been rather quiet on AMC as ive left trading it 6-8 weeks ago. but i have a serious question.
The current float is 295 million. AMC is approved to sell a total of 520 million shares, so they can sell about 225 million more. If they were to sell these last 225 million then they would destroy the fragle share price of $5.
AMC had their Best Ever Q3, last year and only netted 18 million (again, BEST EVER!) So more movies will help to return back to even or sloghtly profitable, but not pay down debt.
Can someone please tell me their theory on how AMC pays off debt???? Because they would have to pay off a huge amount to cause any squeeze and debt reduction is the only way.
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Stock_Drift : Buy more and hold. $AMC Entertainment (AMC.US)$
Lmoonfmoong : It’s not going anywhere..
Cashcauterize : They are spending their covers ina different way with AMC and GME Other stocks we see normal sqwz. Thats couse they aint in so far on those, they have learned or AI has, there are no people here, janitors, tech's some seasoned traders on call, hyperbole, get the picture, real stock market has been moved to dark pools and this is a hologram retail trap, Oligarch piggy bank! The Graphs they are generated after the fact what AI is doing, the plan for the day is being printed in front of us, we just have to figure out how to deal with these newe squeeze plays
Piggy Bank Trader OP Lmoonfmoong : I agree. It will stay flat 4-6$
Piggy Bank Trader OP Stock_Drift : But that strategy is proven to not work. 3 years of history is proof.
Piggy Bank Trader OP : I’m not here to bust anyone’s balls. I’m just asking because I just don’t see a play.
Stock_Drift Piggy Bank Trader OP : Ok. We’ll see in 3 years.
Piggy Bank Trader OP Stock_Drift : I do wish the best for everyone. I just don’t see a play here. AMC is low on ammo and with movies returning, break even to small profits a quarter is at best they’ll do.
Piggy Bank Trader OP Stock_Drift : Remember that over the next 3 years, AMC will be forced to sell those last 225 million shares. Most just to keep the war chest full.
Maybe they’ll pay down a couple hundred million but that’s not enough.
Rusty Shackleford 1 Piggy Bank Trader OP : They have to be careful not to make the price drop below 1 dollar from panic selling if they ever end up doing that. It would most likely scare off a lot of investors