If it is so lousy as it is.. P_老虎社区_美港股上老虎

2021-09-02

If it is so lousy as it is.. Pls push it to 0.10 lol i also will..Not sell...

Why AMC Is The 'Riskier' Investment In Movie Theaters: 'Fundamentals Are Nowhere Near Where Shares Are Trading'<blockquote>为什么 AMC 是电影院“风险较高”的投资：“基本面远未达到股票交易水平”</blockquote>

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Pls push it to 0.10 lol i also will..Not sell...","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/812545881","repostId":1158045928,"repostType":2,"repost":{"id":"1158045928","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1630563226,"share":"https://www.laohunote.com/m/news/1158045928?lang=zh_CN&edition=full","pubTime":"2021-09-02 14:13","market":"us","language":"en","title":"Why AMC Is The 'Riskier' Investment In Movie Theaters: 'Fundamentals Are Nowhere Near Where Shares Are Trading'<blockquote>为什么 AMC 是电影院“风险较高”的投资：“基本面远未达到股票交易水平”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158045928","media":"Benzinga Earnings","summary":"Macquarie Capital Managing Director and Senior Analyst Chad Beynon on Wednesday downgraded AMC Enter","content":"<a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Capital Managing Director and Senior Analyst Chad Beynon&nbsp;on Wednesday downgraded&nbsp;<a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc.<blockquote><a href=\"https://laohu8.com/S/MQG.AU\">麦格理</a>资本董事总经理兼高级分析师 Chad Beynon 周三下调评级<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>控股公司。</blockquote> AMC-7.28%&nbsp;from Neutral to Underperform and maintained a $6 price target.<blockquote>AMC-7.28% 从中性到跑输大盘，并维持 6 美元的目标价。</blockquote> The Logic Behind The Downgrade:&nbsp;In a new&nbsp;note, Beynon observed that U.S. theatrical box office performance has yet to recover its pre-pandemic levels. While expressing confidence in the theater chains&nbsp;IMAX Corp.<blockquote>降级背后的逻辑：贝农在一份新报告中指出，美国影院票房表现尚未恢复到大流行前的水平。在表达对院线的信心的同时IMAX公司</blockquote> IMAX-1.21%and<a href=\"https://laohu8.com/S/CNK\">Cinemark</a> Holdings Inc., Beynon had less enthusiasm for AMC’s prospects in the current market.<blockquote>IMAX-1.21%和<a href=\"https://laohu8.com/S/CNK\">电影标记</a>控股公司。贝农对 AMC 在当前市场上的前景并不那么热情。</blockquote> “AMC remains a riskier investment, given rent obligations, higher leverage and a difficult margin trajectory following a more normalized recovery,” he said.<blockquote>“他说：”考虑到租金义务、较高的杠杆率以及在经济复苏更加正常化后艰难的利润率轨迹，AMC 仍然是一项风险较高的投资。</blockquote> Beynon observed&nbsp;AMC’s stock performance is still being “heavily influenced” by retail investors, particularly the members of the WallStreetBets forum on Reddit. He noted this created a conspicuous imbalance “with shares still up ~526% L12M (vs. theatre space +11 % and S&amp;P500 +29%). However, shares are trading at ~58x ’22E cons estimates, whereas we generally see this business trading in the 6-9x EBITDA range.”<blockquote>贝农观察AMC 的股票表现仍受到散户投资者的 “严重影响”尤其是Reddit上WallStreetBets论坛的成员。他指出，这造成了明显的不平衡，“股价仍上涨约 526%（而 theatre space 指数上涨 11%，标准普尔 500 指数上涨 29%）。然而，股价的交易价格是 22E cons 预期的 58 倍，而我们通常看到该业务的交易价格在 6-9 倍 EBITDA 范围内。”</blockquote> He added that while AMC avoided a bankruptcy filing during the COVID-19 pandemic thanks to its ability to raise additional capital and refinance some of its debt, he questioned whether its&nbsp;near-term future was copacetic.<blockquote>他补充说，虽然 AMC 凭借其筹集额外资本并为部分债务再融资的能力，在 COVID-19 大流行期间避免了破产申请，但他质疑其近期前景是否光明。</blockquote> “Looking forward, fundamentals are nowhere near where shares are trading given the company carries deferred rent of $420m (2Q21) in addition to its annual rent expense of $1bn,” he wrote, adding that he could foresee how AMC would generate positive free cash flow until 2023.<blockquote>“他写道：”展望未来，鉴于该公司除了每年 10 亿美元的租金支出外，还有 4.2 亿美元（2021年第二季度）的递延租金，基本面远未达到股票交易水平。</blockquote> The Competition’s Viability:&nbsp;While downgrading AMC, Beynon hailed IMAX as being “more insulated than peers given recovering trends in <a href=\"https://laohu8.com/S/CAAS\">China</a>, leading margins and a well-capitalized balance sheet” and maintained an Outperform rating while adding a dollar to raise its target price to $26.<blockquote>竞争的可行性：在下调 AMC 评级的同时，贝农称赞 IMAX “鉴于 IMAX 的复苏趋势，比同行更加绝缘”。<a href=\"https://laohu8.com/S/CAAS\">中国</a>领先的利润率和资本充足的资产负债表”，并维持跑赢大盘评级，同时上调1美元，将目标价提高到26美元。</blockquote> With Cinemark, Beynon ranked it as&nbsp;“a close #2, given its superior balance sheet (we’re projecting 3.3x YE22 leverage), superior margins (860bps higher than AMC in 2019) and more suburban locations (lower rent),” adding its balance sheet could encourage “opportunistic M&amp;A.”<blockquote>贝农将 Cinemark 评为 “紧随其后的第二名，因为其资产负债表优越（我们预计 YE22 杠杆率为 3.3 倍）、利润率优越（2019 年比 AMC 高出 860 个基点）以及更多的郊区位置（较低的租金）”，并补充说其资产负债表可能会鼓励 “机会主义并购”。</blockquote> He maintained its Outperform rating and added a dollar to raise its target price to $24.<blockquote>他维持跑赢大盘评级，并上调 1 美元，将目标价上调至 24 美元。</blockquote> Also under analysis was&nbsp;<a href=\"https://laohu8.com/S/RDI\">Reading</a> International Inc.&nbsp;RDI, which operates art house venues primarily in <a href=\"https://laohu8.com/S/NWY\">New York</a> <a href=\"https://laohu8.com/S/CHCO\">City</a>, Australia and <a href=\"https://laohu8.com/S/NGD\">New</a> Zealand. Beynon noted that while these specialty theaters were strong performers before the pandemic, they now face higher rents, a content inventory challenge and greater competition from other entertainment channels. As a result, he downgraded the stock from Outperform to Neutral and lowered the price target from $8 to $6.<blockquote>正在分析的还有<a href=\"https://laohu8.com/S/RDI\">阅读</a>国际公司。RDI 主要在<a href=\"https://laohu8.com/S/NWY\">纽约</a><a href=\"https://laohu8.com/S/CHCO\">城市</a>澳大利亚和<a href=\"https://laohu8.com/S/NGD\">新的</a>西兰。贝农指出，虽然这些专业影院在疫情之前表现强劲，但现在它们面临着更高的租金、内容库存挑战以及来自其他娱乐频道的更激烈竞争。因此，他将该股评级从跑赢大盘下调至中性，并将目标价从 8 美元下调至 6 美元。</blockquote> AMC Price Action: AMC's stock is trading down 2.8% to $45.77&nbsp;at publication time.<blockquote>AMC 价格行为：截至发稿时，AMC 股价下跌 2.8%，至 45.77 美元。</blockquote> Cinemark is down 3% to $17.30, while IMAX is down 1% to $15.55.<blockquote>Cinemark 下跌 3%，至 17.30 美元，IMAX 下跌 1%，至 15.55 美元。</blockquote>","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>Why AMC Is The 'Riskier' Investment In Movie Theaters: 'Fundamentals Are Nowhere Near Where Shares Are Trading'<blockquote>为什么 AMC 是电影院“风险较高”的投资：“基本面远未达到股票交易水平”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMC Is The 'Riskier' Investment In Movie Theaters: 'Fundamentals Are Nowhere Near Where Shares Are Trading'<blockquote>为什么 AMC 是电影院“风险较高”的投资：“基本面远未达到股票交易水平”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nBenzinga Earnings \n2021-09-02 14:13\n</div>\n</div>\n</h4>\n</header>\n<article>\n<a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Capital Managing Director and Senior Analyst Chad Beynon&nbsp;on Wednesday downgraded&nbsp;<a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc.<blockquote><a href=\"https://laohu8.com/S/MQG.AU\">麦格理</a>资本董事总经理兼高级分析师 Chad Beynon 周三下调评级<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>控股公司。</blockquote> AMC-7.28%&nbsp;from Neutral to Underperform and maintained a $6 price target.<blockquote>AMC-7.28% 从中性到跑输大盘，并维持 6 美元的目标价。</blockquote> The Logic Behind The Downgrade:&nbsp;In a new&nbsp;note, Beynon observed that U.S. theatrical box office performance has yet to recover its pre-pandemic levels. While expressing confidence in the theater chains&nbsp;IMAX Corp.<blockquote>降级背后的逻辑：贝农在一份新报告中指出，美国影院票房表现尚未恢复到大流行前的水平。在表达对院线的信心的同时IMAX公司</blockquote> IMAX-1.21%and<a href=\"https://laohu8.com/S/CNK\">Cinemark</a> Holdings Inc., Beynon had less enthusiasm for AMC’s prospects in the current market.<blockquote>IMAX-1.21%和<a href=\"https://laohu8.com/S/CNK\">电影标记</a>控股公司。贝农对 AMC 在当前市场上的前景并不那么热情。</blockquote> “AMC remains a riskier investment, given rent obligations, higher leverage and a difficult margin trajectory following a more normalized recovery,” he said.<blockquote>“他说：”考虑到租金义务、较高的杠杆率以及在经济复苏更加正常化后艰难的利润率轨迹，AMC 仍然是一项风险较高的投资。</blockquote> Beynon observed&nbsp;AMC’s stock performance is still being “heavily influenced” by retail investors, particularly the members of the WallStreetBets forum on Reddit. He noted this created a conspicuous imbalance “with shares still up ~526% L12M (vs. theatre space +11 % and S&amp;P500 +29%). However, shares are trading at ~58x ’22E cons estimates, whereas we generally see this business trading in the 6-9x EBITDA range.”<blockquote>贝农观察AMC 的股票表现仍受到散户投资者的 “严重影响”尤其是Reddit上WallStreetBets论坛的成员。他指出，这造成了明显的不平衡，“股价仍上涨约 526%（而 theatre space 指数上涨 11%，标准普尔 500 指数上涨 29%）。然而，股价的交易价格是 22E cons 预期的 58 倍，而我们通常看到该业务的交易价格在 6-9 倍 EBITDA 范围内。”</blockquote> He added that while AMC avoided a bankruptcy filing during the COVID-19 pandemic thanks to its ability to raise additional capital and refinance some of its debt, he questioned whether its&nbsp;near-term future was copacetic.<blockquote>他补充说，虽然 AMC 凭借其筹集额外资本并为部分债务再融资的能力，在 COVID-19 大流行期间避免了破产申请，但他质疑其近期前景是否光明。</blockquote> “Looking forward, fundamentals are nowhere near where shares are trading given the company carries deferred rent of $420m (2Q21) in addition to its annual rent expense of $1bn,” he wrote, adding that he could foresee how AMC would generate positive free cash flow until 2023.<blockquote>“他写道：”展望未来，鉴于该公司除了每年 10 亿美元的租金支出外，还有 4.2 亿美元（2021年第二季度）的递延租金，基本面远未达到股票交易水平。</blockquote> The Competition’s Viability:&nbsp;While downgrading AMC, Beynon hailed IMAX as being “more insulated than peers given recovering trends in <a href=\"https://laohu8.com/S/CAAS\">China</a>, leading margins and a well-capitalized balance sheet” and maintained an Outperform rating while adding a dollar to raise its target price to $26.<blockquote>竞争的可行性：在下调 AMC 评级的同时，贝农称赞 IMAX “鉴于 IMAX 的复苏趋势，比同行更加绝缘”。<a href=\"https://laohu8.com/S/CAAS\">中国</a>领先的利润率和资本充足的资产负债表”，并维持跑赢大盘评级，同时上调1美元，将目标价提高到26美元。</blockquote> With Cinemark, Beynon ranked it as&nbsp;“a close #2, given its superior balance sheet (we’re projecting 3.3x YE22 leverage), superior margins (860bps higher than AMC in 2019) and more suburban locations (lower rent),” adding its balance sheet could encourage “opportunistic M&amp;A.”<blockquote>贝农将 Cinemark 评为 “紧随其后的第二名，因为其资产负债表优越（我们预计 YE22 杠杆率为 3.3 倍）、利润率优越（2019 年比 AMC 高出 860 个基点）以及更多的郊区位置（较低的租金）”，并补充说其资产负债表可能会鼓励 “机会主义并购”。</blockquote> He maintained its Outperform rating and added a dollar to raise its target price to $24.<blockquote>他维持跑赢大盘评级，并上调 1 美元，将目标价上调至 24 美元。</blockquote> Also under analysis was&nbsp;<a href=\"https://laohu8.com/S/RDI\">Reading</a> International Inc.&nbsp;RDI, which operates art house venues primarily in <a href=\"https://laohu8.com/S/NWY\">New York</a> <a href=\"https://laohu8.com/S/CHCO\">City</a>, Australia and <a href=\"https://laohu8.com/S/NGD\">New</a> Zealand. Beynon noted that while these specialty theaters were strong performers before the pandemic, they now face higher rents, a content inventory challenge and greater competition from other entertainment channels. As a result, he downgraded the stock from Outperform to Neutral and lowered the price target from $8 to $6.<blockquote>正在分析的还有<a href=\"https://laohu8.com/S/RDI\">阅读</a>国际公司。RDI 主要在<a href=\"https://laohu8.com/S/NWY\">纽约</a><a href=\"https://laohu8.com/S/CHCO\">城市</a>澳大利亚和<a href=\"https://laohu8.com/S/NGD\">新的</a>西兰。贝农指出，虽然这些专业影院在疫情之前表现强劲，但现在它们面临着更高的租金、内容库存挑战以及来自其他娱乐频道的更激烈竞争。因此，他将该股评级从跑赢大盘下调至中性，并将目标价从 8 美元下调至 6 美元。</blockquote> AMC Price Action: AMC's stock is trading down 2.8% to $45.77&nbsp;at publication time.<blockquote>AMC 价格行为：截至发稿时，AMC 股价下跌 2.8%，至 45.77 美元。</blockquote> Cinemark is down 3% to $17.30, while IMAX is down 1% to $15.55.<blockquote>Cinemark 下跌 3%，至 17.30 美元，IMAX 下跌 1%，至 15.55 美元。</blockquote>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158045928","content_text":"Macquarie Capital Managing Director and Senior Analyst Chad Beynon on Wednesday downgraded AMC Entertainment Holdings Inc.\nAMC-7.28% from Neutral to Underperform and maintained a $6 price target.\nThe Logic Behind The Downgrade: In a new note, Beynon observed that U.S. theatrical box office performance has yet to recover its pre-pandemic levels. While expressing confidence in the theater chains IMAX Corp.\nIMAX-1.21%andCinemark Holdings Inc., Beynon had less enthusiasm for AMC’s prospects in the current market.\n“AMC remains a riskier investment, given rent obligations, higher leverage and a difficult margin trajectory following a more normalized recovery,” he said.\nBeynon observed AMC’s stock performance is still being “heavily influenced” by retail investors, particularly the members of the WallStreetBets forum on Reddit. He noted this created a conspicuous imbalance “with shares still up ~526% L12M (vs. theatre space +11 % and S&P500 +29%). However, shares are trading at ~58x ’22E cons estimates, whereas we generally see this business trading in the 6-9x EBITDA range.”\nHe added that while AMC avoided a bankruptcy filing during the COVID-19 pandemic thanks to its ability to raise additional capital and refinance some of its debt, he questioned whether its near-term future was copacetic.\n“Looking forward, fundamentals are nowhere near where shares are trading given the company carries deferred rent of $420m (2Q21) in addition to its annual rent expense of $1bn,” he wrote, adding that he could foresee how AMC would generate positive free cash flow until 2023.\nThe Competition’s Viability: While downgrading AMC, Beynon hailed IMAX as being “more insulated than peers given recovering trends in China, leading margins and a well-capitalized balance sheet” and maintained an Outperform rating while adding a dollar to raise its target price to $26.\nWith Cinemark, Beynon ranked it as “a close #2, given its superior balance sheet (we’re projecting 3.3x YE22 leverage), superior margins (860bps higher than AMC in 2019) and more suburban locations (lower rent),” adding its balance sheet could encourage “opportunistic M&A.”\nHe maintained its Outperform rating and added a dollar to raise its target price to $24.\nAlso under analysis was Reading International Inc. RDI, which operates art house venues primarily in New York City, Australia and New Zealand. Beynon noted that while these specialty theaters were strong performers before the pandemic, they now face higher rents, a content inventory challenge and greater competition from other entertainment channels. As a result, he downgraded the stock from Outperform to Neutral and lowered the price target from $8 to $6.\nAMC Price Action: AMC's stock is trading down 2.8% to $45.77 at publication time.\nCinemark is down 3% to $17.30, while IMAX is down 1% to $15.55.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2834,"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":60,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/812545881"}