eniluaP
2021-03-15
This phenomenon is crazy
GameStop, AMC, and Cinemark Shares Have Been Whipsawed. What’s Ahead.<blockquote>游戏驿站、AMC和喜满客的股价遭受重创。前面是什么。</blockquote>
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What’s Ahead.<blockquote>游戏驿站、AMC和喜满客的股价遭受重创。前面是什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158233246","media":"barrons","summary":"For GameStop, AMC Entertainment Holdings, and Cinemark Holdings, the past 12 months have been a seri","content":"<p>For GameStop, AMC Entertainment Holdings, and Cinemark Holdings, the past 12 months have been a series of sickening lows and dizzying highs. Now that the worst appears to be over, they are moving to the next difficult phase: delivering a rebound.</p><p><blockquote>对于游戏驿站、AMC院线控股和喜满客控股来说，过去12个月是一系列令人作呕的低点和令人眼花缭乱的高点。现在，最糟糕的时期似乎已经过去，他们正在进入下一个困难阶段：实现反弹。</blockquote></p><p> All three are emerging from brutal pandemic lockdowns. GameStop (ticker: GME) and AMC (AMC) also made it through short squeezes and retail trading frenzies. Each is now maneuvering through what many consider permanent shifts in the way consumers shop and seek entertainment.</p><p><blockquote>这三个人都刚刚摆脱了残酷的疫情封锁。游戏驿站（股票代码：GME）和AMC（AMC）也经历了轧空和零售交易狂潮。每个公司现在都在经历许多人认为的消费者购物和寻求娱乐方式的永久性转变。</blockquote></p><p> The companies each have mapped out paths forward, but at least two of the stocks—Gamestop and AMC—are apt to face more struggles.</p><p><blockquote>两家公司都规划了前进的道路，但至少有两只股票——游戏驿站和AMC——可能会面临更多困境。</blockquote></p><p> GameStop, which sells new and used videogames and consoles, is trying to transform itself from a collection of 5,000-plus traditional stores to a nimble digital force under the eye of Chewy (CHWY) founder Ryan Cohen, who bought a 9% stake last year and assumed a board seat. Shares jumped 97.1% last week, to a recent $264, on the formation of a committee on the company’s reinvention.</p><p><blockquote>销售新的和二手视频游戏和游戏机的游戏驿站正试图在Chewy(CHWY)创始人Ryan Cohen的指导下将自己从5,000多家传统商店转型为灵活的数字力量，Ryan Cohen去年购买了9%的股份并担任董事会席位。随着公司重塑委员会的成立，股价上周上涨97.1%，至最近的264美元。</blockquote></p><p> Still, revenue was already trending down, from $9.2 billion in 2018 to $6.5 billion for 2020 and an estimated $5.2 billion for 2021. Analysts tracked by FactSet expect per-share losses for 2021 and 2022.</p><p><blockquote>尽管如此，收入已经呈下降趋势，从2018年的92亿美元降至2020年的65亿美元，预计2021年将达到52亿美元。FactSet追踪的分析师预计2021年和2022年每股亏损。</blockquote></p><p> Barron’s thought the shares looked pricey at $18 in January, and we haven’t changed our minds, given the monumental challenges ahead. GameStop said its committee will look for “identifying actions” to transform the company into a technology business.</p><p><blockquote>《巴伦周刊》认为该股1月份的价格为18美元，看起来很昂贵，考虑到未来的巨大挑战，我们没有改变主意。游戏驿站表示，其委员会将寻找“确定行动”，将公司转变为一家技术企业。</blockquote></p><p> AMC and Cinemark (CNK) both are getting new life, particularly with the opening of theaters in major markets like Los Angeles and New York City. AMC beat earnings expectations for the fourth quarter, and shares popped 40.4% this past week, to a recent $11.16. But Lightshed Partners’ Richard Greenfield says AMC’s debt load—equal to 8.3 times 2022 estimated earnings before interest, taxes, and amortization—makes the stock a Sell. His price target: one penny.</p><p><blockquote>AMC和喜满客(CNK)都获得了新生，特别是随着影院在洛杉矶和纽约市等主要市场的开业。AMC第四季度盈利超出预期，股价上周上涨40.4%，至近期11.16美元。但Lightshed Partners的理查德·格林菲尔德(Richard Greenfield)表示，AMC的债务负担相当于2022年预计息税摊销前利润的8.3倍，因此该股值得卖出。他的目标价格：一便士。</blockquote></p><p> AMC couldn’t be reached for comment.</p><p><blockquote>记者无法联系到AMC置评。</blockquote></p><p> Not all analysts are negative, but many point to AMC’s steeply rising costs, such as $450 million in deferred rent. AMC has been raising cash by selling shares and issuing convertible debt, and said in an earnings release Thursday that “we will continue to actively explore alternatives to raise additional capital and reduce our leverage.”</p><p><blockquote>并非所有分析师都持负面态度，但许多分析师指出AMC的成本急剧上升，例如4.5亿美元的递延租金。AMC一直在通过出售股票和发行可转换债券筹集现金，并在周四的财报中表示，“我们将继续积极探索筹集额外资本和降低杠杆的替代方案。”</blockquote></p><p> Cinemark has less debt; leverage is under five times 2022 Ebita, and it is selling a $405 million bond to retire some of it. Cinemark recently flexed its muscles with Hollywood, opting not to show Disney’s (DIS) Raya and the Last Dragon, denting premier weekend box-office sales for the studio.</p><p><blockquote>喜满客的债务较少；杠杆率低于2022年Ebita的五倍，该公司正在出售4.05亿美元的债券以收回其中一部分。喜满客最近向好莱坞展示了自己的实力，选择不放映迪士尼（DIS）的《拉亚》和《最后的龙》，削弱了该工作室首映周末的票房销售。</blockquote></p><p> Taking such a stand shows that theater chains still have some power, says Eric Wold of B. Riley Securities, who rates Cinemark a Buy. “This could force studios to take a closer look at distribution strategies,” he says.</p><p><blockquote>B.Riley Securities的埃里克·沃尔德(Eric Wold)表示，采取这样的立场表明连锁影院仍然拥有一定的实力，他将喜满客评级为买入。“这可能会迫使电影公司更仔细地审视发行策略，”他说。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop, AMC, and Cinemark Shares Have Been Whipsawed. 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What’s Ahead.<blockquote>游戏驿站、AMC和喜满客的股价遭受重创。前面是什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">barrons</strong><span class=\"h-time small\">2021-03-15 18:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>For GameStop, AMC Entertainment Holdings, and Cinemark Holdings, the past 12 months have been a series of sickening lows and dizzying highs. Now that the worst appears to be over, they are moving to the next difficult phase: delivering a rebound.</p><p><blockquote>对于游戏驿站、AMC院线控股和喜满客控股来说，过去12个月是一系列令人作呕的低点和令人眼花缭乱的高点。现在，最糟糕的时期似乎已经过去，他们正在进入下一个困难阶段：实现反弹。</blockquote></p><p> All three are emerging from brutal pandemic lockdowns. GameStop (ticker: GME) and AMC (AMC) also made it through short squeezes and retail trading frenzies. Each is now maneuvering through what many consider permanent shifts in the way consumers shop and seek entertainment.</p><p><blockquote>这三个人都刚刚摆脱了残酷的疫情封锁。游戏驿站（股票代码：GME）和AMC（AMC）也经历了轧空和零售交易狂潮。每个公司现在都在经历许多人认为的消费者购物和寻求娱乐方式的永久性转变。</blockquote></p><p> The companies each have mapped out paths forward, but at least two of the stocks—Gamestop and AMC—are apt to face more struggles.</p><p><blockquote>两家公司都规划了前进的道路，但至少有两只股票——游戏驿站和AMC——可能会面临更多困境。</blockquote></p><p> GameStop, which sells new and used videogames and consoles, is trying to transform itself from a collection of 5,000-plus traditional stores to a nimble digital force under the eye of Chewy (CHWY) founder Ryan Cohen, who bought a 9% stake last year and assumed a board seat. Shares jumped 97.1% last week, to a recent $264, on the formation of a committee on the company’s reinvention.</p><p><blockquote>销售新的和二手视频游戏和游戏机的游戏驿站正试图在Chewy(CHWY)创始人Ryan Cohen的指导下将自己从5,000多家传统商店转型为灵活的数字力量，Ryan Cohen去年购买了9%的股份并担任董事会席位。随着公司重塑委员会的成立，股价上周上涨97.1%，至最近的264美元。</blockquote></p><p> Still, revenue was already trending down, from $9.2 billion in 2018 to $6.5 billion for 2020 and an estimated $5.2 billion for 2021. Analysts tracked by FactSet expect per-share losses for 2021 and 2022.</p><p><blockquote>尽管如此，收入已经呈下降趋势，从2018年的92亿美元降至2020年的65亿美元，预计2021年将达到52亿美元。FactSet追踪的分析师预计2021年和2022年每股亏损。</blockquote></p><p> Barron’s thought the shares looked pricey at $18 in January, and we haven’t changed our minds, given the monumental challenges ahead. GameStop said its committee will look for “identifying actions” to transform the company into a technology business.</p><p><blockquote>《巴伦周刊》认为该股1月份的价格为18美元，看起来很昂贵，考虑到未来的巨大挑战，我们没有改变主意。游戏驿站表示，其委员会将寻找“确定行动”，将公司转变为一家技术企业。</blockquote></p><p> AMC and Cinemark (CNK) both are getting new life, particularly with the opening of theaters in major markets like Los Angeles and New York City. AMC beat earnings expectations for the fourth quarter, and shares popped 40.4% this past week, to a recent $11.16. But Lightshed Partners’ Richard Greenfield says AMC’s debt load—equal to 8.3 times 2022 estimated earnings before interest, taxes, and amortization—makes the stock a Sell. His price target: one penny.</p><p><blockquote>AMC和喜满客(CNK)都获得了新生，特别是随着影院在洛杉矶和纽约市等主要市场的开业。AMC第四季度盈利超出预期，股价上周上涨40.4%，至近期11.16美元。但Lightshed Partners的理查德·格林菲尔德(Richard Greenfield)表示，AMC的债务负担相当于2022年预计息税摊销前利润的8.3倍，因此该股值得卖出。他的目标价格：一便士。</blockquote></p><p> AMC couldn’t be reached for comment.</p><p><blockquote>记者无法联系到AMC置评。</blockquote></p><p> Not all analysts are negative, but many point to AMC’s steeply rising costs, such as $450 million in deferred rent. AMC has been raising cash by selling shares and issuing convertible debt, and said in an earnings release Thursday that “we will continue to actively explore alternatives to raise additional capital and reduce our leverage.”</p><p><blockquote>并非所有分析师都持负面态度，但许多分析师指出AMC的成本急剧上升，例如4.5亿美元的递延租金。AMC一直在通过出售股票和发行可转换债券筹集现金，并在周四的财报中表示，“我们将继续积极探索筹集额外资本和降低杠杆的替代方案。”</blockquote></p><p> Cinemark has less debt; leverage is under five times 2022 Ebita, and it is selling a $405 million bond to retire some of it. Cinemark recently flexed its muscles with Hollywood, opting not to show Disney’s (DIS) Raya and the Last Dragon, denting premier weekend box-office sales for the studio.</p><p><blockquote>喜满客的债务较少；杠杆率低于2022年Ebita的五倍，该公司正在出售4.05亿美元的债券以收回其中一部分。喜满客最近向好莱坞展示了自己的实力，选择不放映迪士尼（DIS）的《拉亚》和《最后的龙》，削弱了该工作室首映周末的票房销售。</blockquote></p><p> Taking such a stand shows that theater chains still have some power, says Eric Wold of B. Riley Securities, who rates Cinemark a Buy. “This could force studios to take a closer look at distribution strategies,” he says.</p><p><blockquote>B.Riley Securities的埃里克·沃尔德(Eric Wold)表示，采取这样的立场表明连锁影院仍然拥有一定的实力，他将喜满客评级为买入。“这可能会迫使电影公司更仔细地审视发行策略，”他说。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/gamestop-amc-and-cinemark-could-see-more-turmoil-51615598763?mod=hp_DAY_13\">barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线","CNK":"喜满客影城"},"source_url":"https://www.barrons.com/articles/gamestop-amc-and-cinemark-could-see-more-turmoil-51615598763?mod=hp_DAY_13","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158233246","content_text":"For GameStop, AMC Entertainment Holdings, and Cinemark Holdings, the past 12 months have been a series of sickening lows and dizzying highs. Now that the worst appears to be over, they are moving to the next difficult phase: delivering a rebound.\nAll three are emerging from brutal pandemic lockdowns. GameStop (ticker: GME) and AMC (AMC) also made it through short squeezes and retail trading frenzies. Each is now maneuvering through what many consider permanent shifts in the way consumers shop and seek entertainment.\nThe companies each have mapped out paths forward, but at least two of the stocks—Gamestop and AMC—are apt to face more struggles.\nGameStop, which sells new and used videogames and consoles, is trying to transform itself from a collection of 5,000-plus traditional stores to a nimble digital force under the eye of Chewy (CHWY) founder Ryan Cohen, who bought a 9% stake last year and assumed a board seat. Shares jumped 97.1% last week, to a recent $264, on the formation of a committee on the company’s reinvention.\nStill, revenue was already trending down, from $9.2 billion in 2018 to $6.5 billion for 2020 and an estimated $5.2 billion for 2021. Analysts tracked by FactSet expect per-share losses for 2021 and 2022.\nBarron’s thought the shares looked pricey at $18 in January, and we haven’t changed our minds, given the monumental challenges ahead. GameStop said its committee will look for “identifying actions” to transform the company into a technology business.\nAMC and Cinemark (CNK) both are getting new life, particularly with the opening of theaters in major markets like Los Angeles and New York City. AMC beat earnings expectations for the fourth quarter, and shares popped 40.4% this past week, to a recent $11.16. But Lightshed Partners’ Richard Greenfield says AMC’s debt load—equal to 8.3 times 2022 estimated earnings before interest, taxes, and amortization—makes the stock a Sell. His price target: one penny.\nAMC couldn’t be reached for comment.\nNot all analysts are negative, but many point to AMC’s steeply rising costs, such as $450 million in deferred rent. AMC has been raising cash by selling shares and issuing convertible debt, and said in an earnings release Thursday that “we will continue to actively explore alternatives to raise additional capital and reduce our leverage.”\nCinemark has less debt; leverage is under five times 2022 Ebita, and it is selling a $405 million bond to retire some of it. Cinemark recently flexed its muscles with Hollywood, opting not to show Disney’s (DIS) Raya and the Last Dragon, denting premier weekend box-office sales for the studio.\nTaking such a stand shows that theater chains still have some power, says Eric Wold of B. Riley Securities, who rates Cinemark a Buy. “This could force studios to take a closer look at distribution strategies,” he says.","news_type":1,"symbols_score_info":{"GME":0.9,"CNK":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":307,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":21,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/322678647"}
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