AMC, big movie chains are more than meme stocks to property bond investors

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Property bond investors with exposure to movie chains are less than thrilled about the sector's prospects, even as vaccinations in the U.S. ramp up and...

“Nowhere special. I always wanted to go there,” said Gene Wilder’s character in Mel Brooks’ 1979 parody Western “Blazing Saddles,” a film NPR credited with setting “the gold standard” for the interracial buddy comedy “with its over-the-top jabs at racism and Hollywood.”

“Uncertainty around the space, that’s been accelerated with COVID,” Goodson told MarketWatch. “It forces us to be more cautious.” “At AMC, we were within months or weeks of running out of cash five different times between April of 2020 and January of 2021,” said chief executive Adam Aron on the company’s May 6 first-quarter earnings call, while stressing that AMC’s outlook has “radically improved” since, including as more theaters have reopened during the pandemic.

iframe.twitter-tweet { width: 100% !important; } Aron has cultivated a splashy following on social media with the meme-stock crowd, but as the former chief executive of Starwood Hotels & Resorts also has deep experience in real estate and commercial property finance. For bondholders, that also means movie theaters, while large tenants, often only serve as part of the tenant mix at most properties, including in the $34 billion of mortgage debt tied to AMC and similar chains, which could be a saving grace.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Blazing saddles

beep boop

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

It Isn’t Just AMC. Retail Traders Increase Pull on the Stock Market.Nonprofessional investors have driven up the stock prices of companies ranging from GameStop to AMC, and are continuing to upend financial markets and build on their forceful entrance into the trading arena last year Are the terms 'Nonprofessional investor' and 'individual investor' synonymous? This article seems to use the terms interchangeably. you mad bro? GameStop wallstreetbets wallstreetbets AMC_TV
Source: WSJ - 🏆 98. / 63 Read more »

RBC makes a bet on Jack in the Box, but traders prefer these two chain stocksRBC Capital Markets is making a bullish call on Jack in the Box, but our traders have different restaurant chains on their radar.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks fall, bond yields rise as Fed discusses dialing back supportAsian stock markets have followed Wall Street lower after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought
Source: latimes - 🏆 11. / 82 Read more »

European stocks slip and U.S. bond yields rise as markets react to Fed shiftEuropean stocks traded lower on Thursday, in their first reaction to news the Federal Reserve was looking to lift interest rates quicker than expected in the... horrible
Source: MarketWatch - 🏆 3. / 97 Read more »