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'

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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","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1630563226,"share":"https://ttm.financial/m/news/1158045928?lang=&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'","url":"https://stock-news.laohu8.com/highlight/detail?id=1158045928","media":"Benzinga","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.\nAMC-7.28%&nbsp;from Neutral to Underperform and maintained a $6 price target.\nThe 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.\nIMAX-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.\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&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.”\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&nbsp;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:&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.\nWith 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.”\nHe maintained its Outperform rating and added a dollar to raise its target price to $24.\nAlso 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.\nAMC Price Action: AMC's stock is trading down 2.8% to $45.77&nbsp;at publication time.\nCinemark is down 3% to $17.30, while IMAX is down 1% to $15.55.","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'</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\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 \n2021-09-02 14:13\n</div>\n\n</div>\n\n\n</h4>\n\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.\nAMC-7.28%&nbsp;from Neutral to Underperform and maintained a $6 price target.\nThe 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.\nIMAX-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.\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&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.”\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&nbsp;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:&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.\nWith 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.”\nHe maintained its Outperform rating and added a dollar to raise its target price to $24.\nAlso 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.\nAMC Price Action: AMC's stock is trading down 2.8% to $45.77&nbsp;at publication time.\nCinemark is down 3% to $17.30, while IMAX is down 1% to $15.55.\n\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":1255,"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,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/812545881"}