AMC has experienced a rollercoaster couple of years that took the theater chain from beleaguered pandemic victim to meme stock phenomenon. So what’s next?
AMC’s meme stock status eventually enabled the company to raise a war chest of $1.8 billion for investments, although aspects of its strategy have left observers scratching their heads. While AMC’s move appeared to come out of left field, it did keep the company in the spotlight. “I think it’s so something that is so bizarre, it would almost certainly attract peoples’ attention,” Millman said. “ “Grabbing the headlines, there’s clearly an advantage to that for a meme stock.”
See Now: AMC CEO Adam Aron’s total compensation in 2 years during the pandemic was more than the 4 previous years “When you look at AMC, they are weak on our two fundamental elements for evaluating companies,” James Gellert, CEO of RapidRatings, told MarketWatch. Gellert pointed to RapidRatings’ Core Health Score, which evaluates medium-term sustainability based on operational efficiency and competitiveness and also its Financial Health Rating, which measures short-term default risk.
It must be really bad to have a hedge fund and market maker tell you what to write. CGasparino was also kicked out because he wrote nothing but crap. ApesTogetherStrong AMC100k KenGriffinliedUnderOath
AMC has plunged 43.6% this year, outpacing the S&P 500’s 21.4% fall.
Lol you guys changing your tune from the earlier article 😄
GME: 'We have a revolutionary NFT marketplace' AMC: 'We have...deliverable popcorn'
Too much Short & Distort FUD for one day. You are gonna shill overdose! AMCNOTLEAVING
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