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我不轻易出手

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我不轻易出手

2021-11-29

没底线的机构，竟然拿养老金乱玩，完全不顾老虎各个资深股友的分析

Giant U.S. Pension Bought AMC, Snowflake, and Tilray. It sold Berkshire Hathaway.<blockquote>美国养老金巨头收购了AMC、Snowflake和Tilray。它出售了伯克希尔哈撒韦公司。</blockquote>

我不轻易出手

2021-11-13

没见过这么不要脸的文章

抱歉，原内容已删除

我不轻易出手

2021-11-04

到处发FUD，还不给评论，病猫

AMC Entertainment Isn’t Worth $40 a Share Yet<blockquote>AMC院线每股价值还不到40美元</blockquote>

我不轻易出手

2021-11-04

$AMC院线(AMC)$@AMC逆转人生，收到请回复

我不轻易出手

2021-10-19

$AMC院线(AMC)$@AMC逆转人生无解

我不轻易出手

2021-10-16

之前13f显示木头姐买了20多万股AMC

“木头姐”对散户抱团股不屑一顾，称它们是“恐龙”

我不轻易出手

2021-09-26

fool?

抱歉，原内容已删除

我不轻易出手

2021-09-26

fool?

抱歉，原内容已删除

我不轻易出手

2021-09-09

Fool

Why AMC, Clover, and Other Meme Stocks Tumbled On Wednesday<blockquote>为什么AMC、Clover和其他模因股票周三暴跌</blockquote>

我不轻易出手

2021-09-06

Fool?

Should You Invest in AMC Stock Right Now?<blockquote>您现在应该投资AMC股票吗？</blockquote>

我不轻易出手

2021-07-17

FOOL

抱歉，原内容已删除

我不轻易出手

2021-06-30

FOOL?

抱歉，原内容已删除

我不轻易出手

2021-06-29

涨了这么久，还迷因？

Meme stocks are blazing hot, once again.<blockquote>模因股票再次炙手可热。</blockquote>

我不轻易出手

2021-06-26

thx, then buy n hodl.

抱歉，原内容已删除

我不轻易出手

2021-06-24

这不是废话吗？难道买股亏损还有人赔？

抱歉，原内容已删除

我不轻易出手

2021-06-21

太没节操了，这个搬运工断子绝孙啊

探访贾跃亭工厂：杂草丛生

我不轻易出手

2021-06-18

stay calm, buy n hodl

AMC: Danger Signals For Investors And Speculators<blockquote>AMC：投资者和投机者的危险信号</blockquote>

我不轻易出手

2021-06-18

buy n hodl

抱歉，原内容已删除

我不轻易出手

2021-06-18

buy n hodl

抱歉，原内容已删除

我不轻易出手

2021-06-09

$AMC院线(AMC)$国内可能感受不到国外APE的情绪，租飞机宣传标语，租广告车在空头办公大楼绕圈

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It sold Berkshire Hathaway.<blockquote>美国养老金巨头收购了AMC、Snowflake和Tilray。它出售了伯克希尔哈撒韦公司。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166515507","media":"Barrons","summary":"The second-largest public pension by assets in the U.S. increased its stake in one of the year’s mos","content":"<p>The second-largest public pension by assets in the U.S. increased its stake in one of the year’s most-volatile stocks, initiated a position in a marijuana grower, and trimmed its exposure to Warren Buffett.</p><p><blockquote>美国资产第二大公共养老金增持了今年波动最大的股票之一的股份，建仓了一家大麻种植商，并削减了对沃伦·巴菲特的投资。</blockquote></p><p> The California State Teachers’ Retirement System bought more shares of movie-theater chain&nbsp;AMC Entertainment Holdings&nbsp;(ticker: AMC) and analytics-software firm&nbsp;Snowflake&nbsp;(SNOW), acquired shares of the cannabis producer Tilray (TLRY), and reduced its holdings in&nbsp;Berkshire Hathaway&nbsp;(BRKb), Buffett’s investment juggernaut. Calstrs, as the pension is known, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.</p><p><blockquote>加州教师退休系统购买了更多连锁电影院AMC院线控股公司（股票代码：AMC）和分析软件公司Snowflake（SNOW）的股票，收购了大麻生产商Tilray（TLRY）的股票，并减持了伯克希尔哈撒韦公司（BRKb），巴菲特的投资巨头。Calstrs（养老金）在向美国证券交易委员会提交的表格中披露了股票交易等。</blockquote></p><p> Calstrs said it doesn’t comment on its holdings or on individual investment managers. The pension managed $321.9 billion in assets as of Oct. 31.</p><p><blockquote>Calstrs表示，不对其持股或个别投资经理发表评论。截至10月31日，该养老金管理着3219亿美元的资产。</blockquote></p><p> Calstrs bought 133,512 more shares of AMC to end the third quarter with 689,917 shares. AMC’s stock price rocketed nearly 19-fold in the first nine months of the year, and so far in the fourth quarter shares are down 1%. For comparison, the&nbsp;S&amp;P 500 index&nbsp;rose 15% in the first nine months, and has gained 6.7% so far in the fourth quarter.</p><p><blockquote>Calstrs又购买了133,512股AMC股票，第三季度末持有689,917股。AMC的股价在今年前9个月飙升了近19倍，第四季度迄今为止股价下跌了1%。相比之下，标普500指数前9个月上涨15%，第四季度迄今已上涨6.7%。</blockquote></p><p> AMC stock caught fire during the meme-stock frenzy early in the year, when small investors communicating via social media bought shares of beaten-down companies in hopes of triggering gains that would force people who had bet against those stocks to buy in order to close their bets. The trend led to a surge in volatility that prompted the Federal Reserve to warn this month that meme-stock related market swings could be a risk to the financial system. AMC’s third-quarter results were better than expected, and the chain is now accepting cryptocurrencies for online payments.</p><p><blockquote>AMC股票在今年早些时候的模因股票狂潮中走红，当时通过社交媒体交流的小投资者购买了遭受重创的公司的股票，希望引发上涨，迫使那些做空这些股票的人买入，以便关闭他们的赌注。这一趋势导致波动性激增，促使美联储本月警告称，与模因股票相关的市场波动可能对金融体系构成风险。AMC第三季度业绩好于预期，该连锁店现在接受加密货币进行在线支付。</blockquote></p><p> The pension bought 347,900 Tilray shares in the third quarter; at the end of the second, it hadn’t owned any. Tilray stock rose 37% in the first nine months of the year, and so far in the fourth quarter shares are down 6.4%.</p><p><blockquote>养老金在第三季度购买了34.79万股Tilray股票；在第二秒结束时，它没有拥有任何东西。Tilray股价今年前9个月上涨了37%，第四季度迄今为止股价下跌了6.4%。</blockquote></p><p> In early October, Tilray reported a wider-than-expected loss for the fiscal first quarter. Recent legislative proposals, including one that would decriminalize pot at the federal level have lifted Tilray and its peers. The legal-pot sector, however, saw layoffs during the Covid-19 pandemic.</p><p><blockquote>10月初，Tilray公布第一财季亏损超出预期。最近的立法提案，包括在联邦层面将大麻合法化的提案，让Tilray及其同行感到振奋。然而，合法大麻行业在新冠肺炎疫情期间出现了裁员。</blockquote></p><p> Snowflake stock rose 7.5% in the first nine months of the year, and so far in the fourth quarter shares have gained 20%. The gain could have been bigger, but Snowflake and other cloud-software peers slipped after President Joe Biden nominated Federal Reserve Board Chair Jerome Powell to another four-year term. Interest rates rose in the wake of the nomination, tempering enthusiasm for richly valued, high-growth stocks.</p><p><blockquote>Snowflake股价今年前9个月上涨7.5%，第四季度迄今为止股价已上涨20%。涨幅本可以更大，但在总统乔·拜登提名美联储主席杰罗姆·鲍威尔连任四年后，Snowflake和其他云软件同行股价下跌。提名后利率上升，抑制了人们对高估值、高增长股票的热情。</blockquote></p><p> The company reported a mixed second quarter in August, and Snowflake will report its third quarter after the market close on Dec. 1.</p><p><blockquote>该公司8月份公布的第二季度业绩好坏参半，Snowflake将于12月1日收盘后公布第三季度业绩。</blockquote></p><p> Calstrs bought 119,934 additional Snowflake shares to end the third quarter with 328,801 shares.</p><p><blockquote>Calstrs额外购买了119,934股Snowflake股票，第三季度末持有328,801股。</blockquote></p><p> The pension sold 511,630 class B shares of Berkshire Hathaway to end the third quarter with 2.9 million shares of Buffett’s firm. Shares rose 18% in the first nine months of the year, and so far in the fourth quarter they have gained 3.7%.</p><p><blockquote>截至第三季度末，该养老金出售了511,630股伯克希尔哈撒韦公司B类股票，其中290万股巴菲特公司股票。今年前9个月股价上涨18%，第四季度迄今已上涨3.7%。</blockquote></p><p> Berkshire Hathaway disclosed that it had a record $149 billion in cash at the end of September. Buffett and John Malone—two billionaires skilled in tax-efficient transactions—recently did a stock swap. During the third quarter, Berkshire Hathaway itself sold Big Pharma stock.</p><p><blockquote>伯克希尔哈撒韦公司披露，截至9月底，该公司拥有创纪录的1490亿美元现金。巴菲特和约翰·马龙——两位擅长节税交易的亿万富翁——最近进行了股票互换。第三季度，伯克希尔哈撒韦公司本身出售了大型制药公司的股票。</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>Giant U.S. Pension Bought AMC, Snowflake, and Tilray. It sold Berkshire Hathaway.<blockquote>美国养老金巨头收购了AMC、Snowflake和Tilray。它出售了伯克希尔哈撒韦公司。</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\">\nGiant U.S. Pension Bought AMC, Snowflake, and Tilray. It sold Berkshire Hathaway.<blockquote>美国养老金巨头收购了AMC、Snowflake和Tilray。它出售了伯克希尔哈撒韦公司。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-29 20:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The second-largest public pension by assets in the U.S. increased its stake in one of the year’s most-volatile stocks, initiated a position in a marijuana grower, and trimmed its exposure to Warren Buffett.</p><p><blockquote>美国资产第二大公共养老金增持了今年波动最大的股票之一的股份，建仓了一家大麻种植商，并削减了对沃伦·巴菲特的投资。</blockquote></p><p> The California State Teachers’ Retirement System bought more shares of movie-theater chain&nbsp;AMC Entertainment Holdings&nbsp;(ticker: AMC) and analytics-software firm&nbsp;Snowflake&nbsp;(SNOW), acquired shares of the cannabis producer Tilray (TLRY), and reduced its holdings in&nbsp;Berkshire Hathaway&nbsp;(BRKb), Buffett’s investment juggernaut. Calstrs, as the pension is known, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.</p><p><blockquote>加州教师退休系统购买了更多连锁电影院AMC院线控股公司（股票代码：AMC）和分析软件公司Snowflake（SNOW）的股票，收购了大麻生产商Tilray（TLRY）的股票，并减持了伯克希尔哈撒韦公司（BRKb），巴菲特的投资巨头。Calstrs（养老金）在向美国证券交易委员会提交的表格中披露了股票交易等。</blockquote></p><p> Calstrs said it doesn’t comment on its holdings or on individual investment managers. The pension managed $321.9 billion in assets as of Oct. 31.</p><p><blockquote>Calstrs表示，不对其持股或个别投资经理发表评论。截至10月31日，该养老金管理着3219亿美元的资产。</blockquote></p><p> Calstrs bought 133,512 more shares of AMC to end the third quarter with 689,917 shares. AMC’s stock price rocketed nearly 19-fold in the first nine months of the year, and so far in the fourth quarter shares are down 1%. For comparison, the&nbsp;S&amp;P 500 index&nbsp;rose 15% in the first nine months, and has gained 6.7% so far in the fourth quarter.</p><p><blockquote>Calstrs又购买了133,512股AMC股票，第三季度末持有689,917股。AMC的股价在今年前9个月飙升了近19倍，第四季度迄今为止股价下跌了1%。相比之下，标普500指数前9个月上涨15%，第四季度迄今已上涨6.7%。</blockquote></p><p> AMC stock caught fire during the meme-stock frenzy early in the year, when small investors communicating via social media bought shares of beaten-down companies in hopes of triggering gains that would force people who had bet against those stocks to buy in order to close their bets. The trend led to a surge in volatility that prompted the Federal Reserve to warn this month that meme-stock related market swings could be a risk to the financial system. AMC’s third-quarter results were better than expected, and the chain is now accepting cryptocurrencies for online payments.</p><p><blockquote>AMC股票在今年早些时候的模因股票狂潮中走红，当时通过社交媒体交流的小投资者购买了遭受重创的公司的股票，希望引发上涨，迫使那些做空这些股票的人买入，以便关闭他们的赌注。这一趋势导致波动性激增，促使美联储本月警告称，与模因股票相关的市场波动可能对金融体系构成风险。AMC第三季度业绩好于预期，该连锁店现在接受加密货币进行在线支付。</blockquote></p><p> The pension bought 347,900 Tilray shares in the third quarter; at the end of the second, it hadn’t owned any. Tilray stock rose 37% in the first nine months of the year, and so far in the fourth quarter shares are down 6.4%.</p><p><blockquote>养老金在第三季度购买了34.79万股Tilray股票；在第二秒结束时，它没有拥有任何东西。Tilray股价今年前9个月上涨了37%，第四季度迄今为止股价下跌了6.4%。</blockquote></p><p> In early October, Tilray reported a wider-than-expected loss for the fiscal first quarter. Recent legislative proposals, including one that would decriminalize pot at the federal level have lifted Tilray and its peers. The legal-pot sector, however, saw layoffs during the Covid-19 pandemic.</p><p><blockquote>10月初，Tilray公布第一财季亏损超出预期。最近的立法提案，包括在联邦层面将大麻合法化的提案，让Tilray及其同行感到振奋。然而，合法大麻行业在新冠肺炎疫情期间出现了裁员。</blockquote></p><p> Snowflake stock rose 7.5% in the first nine months of the year, and so far in the fourth quarter shares have gained 20%. The gain could have been bigger, but Snowflake and other cloud-software peers slipped after President Joe Biden nominated Federal Reserve Board Chair Jerome Powell to another four-year term. Interest rates rose in the wake of the nomination, tempering enthusiasm for richly valued, high-growth stocks.</p><p><blockquote>Snowflake股价今年前9个月上涨7.5%，第四季度迄今为止股价已上涨20%。涨幅本可以更大，但在总统乔·拜登提名美联储主席杰罗姆·鲍威尔连任四年后，Snowflake和其他云软件同行股价下跌。提名后利率上升，抑制了人们对高估值、高增长股票的热情。</blockquote></p><p> The company reported a mixed second quarter in August, and Snowflake will report its third quarter after the market close on Dec. 1.</p><p><blockquote>该公司8月份公布的第二季度业绩好坏参半，Snowflake将于12月1日收盘后公布第三季度业绩。</blockquote></p><p> Calstrs bought 119,934 additional Snowflake shares to end the third quarter with 328,801 shares.</p><p><blockquote>Calstrs额外购买了119,934股Snowflake股票，第三季度末持有328,801股。</blockquote></p><p> The pension sold 511,630 class B shares of Berkshire Hathaway to end the third quarter with 2.9 million shares of Buffett’s firm. Shares rose 18% in the first nine months of the year, and so far in the fourth quarter they have gained 3.7%.</p><p><blockquote>截至第三季度末，该养老金出售了511,630股伯克希尔哈撒韦公司B类股票，其中290万股巴菲特公司股票。今年前9个月股价上涨18%，第四季度迄今已上涨3.7%。</blockquote></p><p> Berkshire Hathaway disclosed that it had a record $149 billion in cash at the end of September. Buffett and John Malone—two billionaires skilled in tax-efficient transactions—recently did a stock swap. During the third quarter, Berkshire Hathaway itself sold Big Pharma stock.</p><p><blockquote>伯克希尔哈撒韦公司披露，截至9月底，该公司拥有创纪录的1490亿美元现金。巴菲特和约翰·马龙——两位擅长节税交易的亿万富翁——最近进行了股票互换。第三季度，伯克希尔哈撒韦公司本身出售了大型制药公司的股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/amc-stock-snowflake-tilray-berkshire-hathaway-51637699576?mod=hp_LATEST\">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":{"BRK.A":"伯克希尔","SNOW":"Snowflake","AMC":"AMC院线","BRK.B":"伯克希尔B","TLRY":"Tilray Inc."},"source_url":"https://www.barrons.com/articles/amc-stock-snowflake-tilray-berkshire-hathaway-51637699576?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166515507","content_text":"The second-largest public pension by assets in the U.S. increased its stake in one of the year’s most-volatile stocks, initiated a position in a marijuana grower, and trimmed its exposure to Warren Buffett.\nThe California State Teachers’ Retirement System bought more shares of movie-theater chain AMC Entertainment Holdings (ticker: AMC) and analytics-software firm Snowflake (SNOW), acquired shares of the cannabis producer Tilray (TLRY), and reduced its holdings in Berkshire Hathaway (BRKb), Buffett’s investment juggernaut. Calstrs, as the pension is known, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.\nCalstrs said it doesn’t comment on its holdings or on individual investment managers. The pension managed $321.9 billion in assets as of Oct. 31.\nCalstrs bought 133,512 more shares of AMC to end the third quarter with 689,917 shares. AMC’s stock price rocketed nearly 19-fold in the first nine months of the year, and so far in the fourth quarter shares are down 1%. For comparison, the S&P 500 index rose 15% in the first nine months, and has gained 6.7% so far in the fourth quarter.\nAMC stock caught fire during the meme-stock frenzy early in the year, when small investors communicating via social media bought shares of beaten-down companies in hopes of triggering gains that would force people who had bet against those stocks to buy in order to close their bets. The trend led to a surge in volatility that prompted the Federal Reserve to warn this month that meme-stock related market swings could be a risk to the financial system. AMC’s third-quarter results were better than expected, and the chain is now accepting cryptocurrencies for online payments.\nThe pension bought 347,900 Tilray shares in the third quarter; at the end of the second, it hadn’t owned any. Tilray stock rose 37% in the first nine months of the year, and so far in the fourth quarter shares are down 6.4%.\nIn early October, Tilray reported a wider-than-expected loss for the fiscal first quarter. Recent legislative proposals, including one that would decriminalize pot at the federal level have lifted Tilray and its peers. The legal-pot sector, however, saw layoffs during the Covid-19 pandemic.\nSnowflake stock rose 7.5% in the first nine months of the year, and so far in the fourth quarter shares have gained 20%. The gain could have been bigger, but Snowflake and other cloud-software peers slipped after President Joe Biden nominated Federal Reserve Board Chair Jerome Powell to another four-year term. Interest rates rose in the wake of the nomination, tempering enthusiasm for richly valued, high-growth stocks.\nThe company reported a mixed second quarter in August, and Snowflake will report its third quarter after the market close on Dec. 1.\nCalstrs bought 119,934 additional Snowflake shares to end the third quarter with 328,801 shares.\nThe pension sold 511,630 class B shares of Berkshire Hathaway to end the third quarter with 2.9 million shares of Buffett’s firm. Shares rose 18% in the first nine months of the year, and so far in the fourth quarter they have gained 3.7%.\nBerkshire Hathaway disclosed that it had a record $149 billion in cash at the end of September. Buffett and John Malone—two billionaires skilled in tax-efficient transactions—recently did a stock swap. During the third quarter, Berkshire Hathaway itself sold Big Pharma stock.","news_type":1,"symbols_score_info":{"BRK.A":0.9,"AMC":0.9,"SNOW":0.9,"TLRY":0.9,"BRK.B":0.9}},"isVote":1,"tweetType":1,"viewCount":4110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879740113,"gmtCreate":1636778855103,"gmtModify":1636786233737,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"没见过这么不要脸的文章","listText":"没见过这么不要脸的文章","text":"没见过这么不要脸的文章","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879740113","repostId":"2182018576","repostType":2,"isVote":1,"tweetType":1,"viewCount":2783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848428467,"gmtCreate":1636021700282,"gmtModify":1636021700282,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"到处发FUD，还不给评论，病猫","listText":"到处发FUD，还不给评论，病猫","text":"到处发FUD，还不给评论，病猫","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848428467","repostId":"1170845937","repostType":2,"repost":{"id":"1170845937","kind":"news","pubTimestamp":1636016985,"share":"https://www.laohu8.com/m/news/1170845937?lang=zh_CN&edition=full","pubTime":"2021-11-04 17:09","market":"us","language":"en","title":"AMC Entertainment Isn’t Worth $40 a Share Yet<blockquote>AMC院线每股价值还不到40美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170845937","media":"InvestorPlace","summary":"AMC stock may need more than bullish news to move higher","content":"<p><div> AMC Entertainment (NYSE:AMC) is making news again. For most of 2021, that has been a signal to the loyal AMC shareholders to send the stock to the moon. However, so far it looks like AMC stock is ...</p><p><blockquote><div>AMC院线（纽约证券交易所股票代码：AMC）再次制造新闻。在2021年的大部分时间里，这一直是向忠实的AMC股东发出的将股票送上月球的信号。然而，到目前为止，AMC股票似乎……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>AMC Entertainment Isn’t Worth $40 a Share Yet<blockquote>AMC院线每股价值还不到40美元</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\">\nAMC Entertainment Isn’t Worth $40 a Share Yet<blockquote>AMC院线每股价值还不到40美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-11-04 17:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> AMC Entertainment (NYSE:AMC) is making news again. For most of 2021, that has been a signal to the loyal AMC shareholders to send the stock to the moon. However, so far it looks like AMC stock is ...</p><p><blockquote><div>AMC院线（纽约证券交易所股票代码：AMC）再次制造新闻。在2021年的大部分时间里，这一直是向忠实的AMC股东发出的将股票送上月球的信号。然而，到目前为止，AMC股票似乎……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/\">InvestorPlace</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":{"AMC":"AMC院线"},"source_url":"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170845937","content_text":"AMC Entertainment (NYSE:AMC) is making news again. For most of 2021, that has been a signal to the loyal AMC shareholders to send the stock to the moon. However, so far it looks like AMC stock is remaining relatively tame. That seems reasonable to me, but I’ll let you decide.\nOn Nov. 1, the company announced that its October ticket admission revenues were the highest for any single month since February 2020. As someone who is rooting for a strong economy, I celebrate that news. But I’m not sure it changes the narrative for AMC stock.\nAMC Shareholders Face Tough Math\nRevenue at the end of the company’s most recent quarter was $444.7 million. That was a home run compared to 2020. But it’s a far cry from the $1.2 billion it earned in the first quarter of 2019 or the $1.44 billion it earned in the same quarter in 2018. But to be fair, AMC is doing an exceptional job at improving its earnings outlook. And the company’s debt looks very manageable in the short term.\nBut does that mean AMC stock should be valued at over $40 a share? At the end of February 2020, AMC stock had a closing price of $6.26. That’s above the level of a penny stock, but it was over 50% lower than the end of February 2019.\nSigh. I know the diamond hands that are holding AMC don’t care. But the economy of 2018 and 2019 was firing on all cylinders. And AMC stock was falling for many reasons. Streaming had something to do with it. However, like e-commerce, streaming has become more pervasive not less. And the nation appears to be recovering from a public health crisis that may permanently change individual’s feelings about sitting in a theater for two hours.\nWill Cryptocurrency Capture the Coveted Consumers?\nIn other news, AMC is polling retail investors and inquiring whether the company should add Shiba Inu (CCC:SHIB-USD) to the list of cryptocurrencies the company is planning to accept as payment. This news is potentially more bullish for holders of AMC stock. By accepting cryptocurrency as a form of payment, the theater chain is betting on the coveted millennial and Gen-Z consumers.\nSadly, I can say that even if they did own Dogecoin (CCC:DOGE-USD), my kids would almost rather be anywhere but a movie theater. It’s simply not what they (or their friends) do. That’s one reason I believe if AMC thinks that declining attendance is due to a payment method, they’re missing the plot.\nThe Future of AMC Stock Remains Unclear\nOn its most recent earnings call in August, AMC chief executive officer Adam Aron fired up his shareholders (and scolded writers like me) by saying that the company is determined to prove the“conventional wisdom … wrong.”I’m not a shareholder so I hope for the “apes” who do own AMC that Aron is right. Personally, I love going to the movies and always have.\nBut my experience pre-pandemic was one of dwindling attendance. I don’t see that changing.\nMy opinion of AMC stock is solely tied to my belief in the future of the cinema experience. With that in mind, I regard the return of cinema viewers as the low-hanging fruit that was to be expected. Like cruise ships, airplanes and hotels, many people didn’t choose to stop going to the movies. The option was not available to them. It is logical to expect them to return.\nAt the same time, it’s too early to tell whether the cinema chain is attracting some “new” customers who had previously decided that the cinema experience is not for them. When I see evidence that is happening and is sticky, I’ll be more bullish. Until then, I salute the apes, but am staying away from AMC stock.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848300657,"gmtCreate":1635958966613,"gmtModify":1635958966613,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>@AMC逆转人生，收到请回复","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>@AMC逆转人生，收到请回复","text":"$AMC院线(AMC)$@AMC逆转人生，收到请回复","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/848300657","isVote":1,"tweetType":1,"viewCount":5461,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"content":"连评论都看不见了，这合规审查这么严的吗？","text":"连评论都看不见了，这合规审查这么严的吗？","html":"连评论都看不见了，这合规审查这么严的吗？"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":859009482,"gmtCreate":1634633439258,"gmtModify":1634633439258,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>@AMC逆转人生无解","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>@AMC逆转人生无解","text":"$AMC院线(AMC)$@AMC逆转人生无解","images":[{"img":"https://static.tigerbbs.com/f65cc882a84f3d2b134c72c519b79da8","width":"1152","height":"2376"},{"img":"https://static.tigerbbs.com/3d2456313e04b30db33a90b4fa7dcef2","width":"1152","height":"2376"},{"img":"https://static.tigerbbs.com/452a62da689aa29846a2d94259381136","width":"1152","height":"2376"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/859009482","isVote":1,"tweetType":1,"viewCount":6157,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3550612568446300","authorId":"3550612568446300","name":"邱小哥","avatar":"https://static.tigerbbs.com/45aacb459879c8daa5b6ffcf806fd679","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3550612568446300","idStr":"3550612568446300"},"content":"“升级”差不多一个月了，不出意外，应该还要一段……段时间，不过到“升级”完成的话，估计🚀早已🛫","text":"“升级”差不多一个月了，不出意外，应该还要一段……段时间，不过到“升级”完成的话，估计🚀早已🛫","html":"“升级”差不多一个月了，不出意外，应该还要一段……段时间，不过到“升级”完成的话，估计🚀早已🛫"},{"author":{"id":"3583417054299756","authorId":"3583417054299756","name":"Clareliuyin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3583417054299756","idStr":"3583417054299756"},"content":"屏蔽又不会左右股票走势，老虎真是多虑了[汗颜]","text":"屏蔽又不会左右股票走势，老虎真是多虑了[汗颜]","html":"屏蔽又不会左右股票走势，老虎真是多虑了[汗颜]"}],"imageCount":3,"langContent":"CN","totalScore":0},{"id":824753882,"gmtCreate":1634358126486,"gmtModify":1634358126486,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"之前13f显示木头姐买了20多万股AMC","listText":"之前13f显示木头姐买了20多万股AMC","text":"之前13f显示木头姐买了20多万股AMC","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/824753882","repostId":"2175149901","repostType":2,"repost":{"id":"2175149901","kind":"highlight","pubTimestamp":1634341230,"share":"https://www.laohu8.com/m/news/2175149901?lang=zh_CN&edition=full","pubTime":"2021-10-16 07:40","market":"us","language":"zh","title":"“木头姐”对散户抱团股不屑一顾，称它们是“恐龙”","url":"https://stock-news.laohu8.com/highlight/detail?id=2175149901","media":"新浪财经","summary":"方舟投资公司的创始人“木头姐”伍德虽然偏好高估值的公司，但她对去年开始兴起的“散户抱团股”似乎不感兴趣。\n伍德此前在CFA协会澳大利亚分会2021年的投资会议上指出，投资者低估了一些科技公司可能出现的","content":"<p>方舟投资公司的创始人“木头姐”伍德虽然偏好高估值的公司，但她对去年开始兴起的“散户抱团股”似乎不感兴趣。</p>\n<p>伍德此前在CFA协会澳大利亚分会2021年的投资会议上指出，投资者低估了一些科技公司可能出现的指数级增长速度。她的基金正在寻找“下一个FAANGs”。</p>\n<p>而对于<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>、<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>等“散户抱团股”，她表示：“大多数这类型的股票都是‘恐龙’。”她指出她旗下基金拥有Robinhood（HOOD.US），可能是唯一一只人们认为属于“散户抱团股”的股票。</p>\n<p>伍德旗下的旗舰基金ARKK在去年和2021年初飙升，因为其对<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>的押注在疫情期间获得了空前的成功。但她的一些头寸，如<a href=\"https://laohu8.com/S/SPCE\">维珍银河</a>等则陷入困境，伍德在5月底清仓了该股票，ARKK也在最近出现了大规模的季度资金流出。</p>\n<p>伍德还在会议上重申了她对比特币的看好，并指出，如果机构投资者将其投资组合的5%分配给比特币，可以使价格增加50万美元。早些时候，伍德将自己公司的名字借给了ARK 21Shares Bitcoin ETF（ARKB.US）。根据6月份的一份文件，该ETF将跟踪世界上最大的加密货币（以标准普尔比特币指数衡量）的表现。</p>","source":"sina_us","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>“木头姐”对散户抱团股不屑一顾，称它们是“恐龙”</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; 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*/\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\">\n“木头姐”对散户抱团股不屑一顾，称它们是“恐龙”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-16 07:40 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2021-10-16/doc-iktzscyx9951339.shtml><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>方舟投资公司的创始人“木头姐”伍德虽然偏好高估值的公司，但她对去年开始兴起的“散户抱团股”似乎不感兴趣。\n伍德此前在CFA协会澳大利亚分会2021年的投资会议上指出，投资者低估了一些科技公司可能出现的指数级增长速度。她的基金正在寻找“下一个FAANGs”。\n而对于游戏驿站、AMC院线等“散户抱团股”，她表示：“大多数这类型的股票都是‘恐龙’。”她指出她旗下基金拥有Robinhood（HOOD.US...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-10-16/doc-iktzscyx9951339.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ac003416012a14c50ebe072506cdcadf","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-10-16/doc-iktzscyx9951339.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2175149901","content_text":"方舟投资公司的创始人“木头姐”伍德虽然偏好高估值的公司，但她对去年开始兴起的“散户抱团股”似乎不感兴趣。\n伍德此前在CFA协会澳大利亚分会2021年的投资会议上指出，投资者低估了一些科技公司可能出现的指数级增长速度。她的基金正在寻找“下一个FAANGs”。\n而对于游戏驿站、AMC院线等“散户抱团股”，她表示：“大多数这类型的股票都是‘恐龙’。”她指出她旗下基金拥有Robinhood（HOOD.US），可能是唯一一只人们认为属于“散户抱团股”的股票。\n伍德旗下的旗舰基金ARKK在去年和2021年初飙升，因为其对特斯拉的押注在疫情期间获得了空前的成功。但她的一些头寸，如维珍银河等则陷入困境，伍德在5月底清仓了该股票，ARKK也在最近出现了大规模的季度资金流出。\n伍德还在会议上重申了她对比特币的看好，并指出，如果机构投资者将其投资组合的5%分配给比特币，可以使价格增加50万美元。早些时候，伍德将自己公司的名字借给了ARK 21Shares Bitcoin ETF（ARKB.US）。根据6月份的一份文件，该ETF将跟踪世界上最大的加密货币（以标准普尔比特币指数衡量）的表现。","news_type":1,"symbols_score_info":{"GME":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":3634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868273863,"gmtCreate":1632663840452,"gmtModify":1632667795554,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"fool?","listText":"fool?","text":"fool?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/868273863","repostId":"2170146216","repostType":2,"isVote":1,"tweetType":1,"viewCount":2339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868273377,"gmtCreate":1632663812299,"gmtModify":1632667795551,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"&nbsp; fool?","listText":"&nbsp; fool?","text":"fool?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/868273377","repostId":"2170146216","repostType":2,"isVote":1,"tweetType":1,"viewCount":2328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":889466826,"gmtCreate":1631171014565,"gmtModify":1631171014565,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"Fool","listText":"Fool","text":"Fool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/889466826","repostId":"1174332657","repostType":2,"repost":{"id":"1174332657","kind":"news","pubTimestamp":1631168952,"share":"https://www.laohu8.com/m/news/1174332657?lang=zh_CN&edition=full","pubTime":"2021-09-09 14:29","market":"us","language":"en","title":"Why AMC, Clover, and Other Meme Stocks Tumbled On Wednesday<blockquote>为什么AMC、Clover和其他模因股票周三暴跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174332657","media":"Motley Fool","summary":"The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.","content":"<p>The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.</p><p><blockquote>个人投资者群体可以始终如一地组织努力推动股价上涨的观念开始崩溃。在某些时候，公司必须证明其股票的价值。而且，在某些时候，人们会想要获利了结。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> Shares of&nbsp;<b>AMC Entertainment Holdings</b>(NYSE:AMC),<b>Skillz</b>(NYSE:SKLZ), and&nbsp;<b>Tonix Pharmaceuticals</b>(NASDAQ:TNXP)&nbsp;fell 0.9%, 8.3%, and 4.2% as of closed on Wednesday, with the fickle meme stock trading crowd reversing recent bullishness. Leading the charge for today's rout, however, is&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV), down 12.5%.</p><p><blockquote>本公司之股份<b>AMC院线控股</b>（纽约证券交易所代码：AMC），<b>斯基尔茨</b>（纽约证券交易所代码：SKLZ），以及<b>Tonix制药公司</b>（纳斯达克：TNXP）截至周三收盘分别下跌0.9%、8.3%和4.2%，善变的meme股票交易人群扭转了近期的看涨情绪。然而，导致今天溃败的是<b>三叶草健康投资</b>（纳斯达克：CLOV），下跌12.5%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> If you're looking for the headlines behind the moves, don't bother. There aren't any.</p><p><blockquote>如果您正在寻找这些举措背后的头条新闻，请不要费心。没有。</blockquote></p><p> As has been the case for the past few months, traders looking for a speculative edge are simply gathering around these stocks in an effort to collectively create the price action they desire, often by creating memes regarding these companies. Such efforts cause incredible price volatility.</p><p><blockquote>正如过去几个月的情况一样，寻求投机优势的交易者只是聚集在这些股票周围，努力共同创造他们想要的价格走势，通常是通过创造有关这些公司的模因。这种努力会导致令人难以置信的价格波动。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ba4680fa5e89ea08b364002d70d086f\" tg-width=\"2000\" tg-height=\"1201\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Many of these names -- like Clover this week -- have also been recently targeted as short-squeeze candidates. That's not a terribly bad bet right now either, to be fair, in that more than 7% of the outstanding shares of the&nbsp;health insurance&nbsp;company are currently tied up in short trades. That's enough short positions to prospectively spark en masse buying that drives the price sharply higher,<i>if</i>those short-sellers start becoming unnerved by a bit of bullishness. Tuesday's 15% jump for Clover shares didn't do the trick, however, with most of that gain being given back today.</p><p><blockquote>其中许多名字——比如本周的Clover——最近也成为轧空候选者的目标。公平地说，目前这也不是一个非常糟糕的赌注，因为这家健康保险公司超过7%的已发行股票目前被空头交易所束缚。这足以引发大规模买盘，从而推动价格大幅走高，<i>如果</i>那些卖空者开始对一点看涨情绪感到不安。然而，Clover股价周二上涨15%并没有起到作用，大部分涨幅今天被回吐。</blockquote></p><p> Shares of movie theater chain AMC Entertainment aren't really helping the broader bullish effort either. While one would expect this king of all meme stocks to soar following reports of&nbsp;record-breaking&nbsp;Labor Day weekend box office ticket sales, a bit of Tuesday's near-9% gain from AMC shares is also unwinding with Wednesday's1% sell-off. While that's hardly a devastating setback, the failure to follow through on Tuesday's advance is telling in and of itself.</p><p><blockquote>连锁电影院AMC院线的股票也没有真正帮助更广泛的看涨努力。虽然人们预计这只模因股之王在劳动节周末票房销售破纪录的报道后将飙升，但AMC股价周二近9%的涨幅也随着周三1%的抛售而回落。虽然这算不上是一个毁灭性的挫折，但未能坚持周二的进展本身就很能说明问题。</blockquote></p><p> Of course, the broad market's sell-off today is also creating a headwind for these well-known meme stocks.</p><p><blockquote>当然，今天大盘的抛售也给这些知名模因股带来了阻力。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The advent of&nbsp;meme stock&nbsp;mania (and in particular, organized efforts to spark short squeezes) comes as no real surprise. If you give enough people enough time and the means of doing so, it's reasonable to expect them to capitalize on an opportunity -- including one they must plan out on one of the internet's more popular message boards. A little success on this front early this year prompted the trading crowd to replicate the effort.</p><p><blockquote>模因股票狂热的出现（特别是有组织地引发轧空的努力）并不令人意外。如果你给足够多的人足够的时间和手段，期望他们利用一个机会是合理的——包括一个他们必须在互联网上更受欢迎的留言板上计划的机会。今年早些时候在这方面取得的一点成功促使交易人群复制了这一努力。</blockquote></p><p> Regardless of the strategy's previous effectiveness, however, meme stock mania is losing steam. Not only are hedge funds and other managed investment pools now shoring up their risk exposure to short squeezes, traders are also running out of stocks they can push around.</p><p><blockquote>然而，无论该策略之前的有效性如何，模因股票狂热正在失去动力。不仅对冲基金和其他管理投资池现在正在支撑其空头挤压的风险敞口，交易员也正在耗尽他们可以出售的股票。</blockquote></p><p> They're also running out of other buyers and bullish arguments.</p><p><blockquote>他们也没有其他买家和看涨论据。</blockquote></p><p> See, for most meme stocks to continue their rallies, new buyers must bring new money to the table to purchase shares from traders that have already scooped up the stock and are now looking to lock in a sizable profit. Enough people were willing to take such a swing early in the year when AMC was trading around $2 per share. Now that it's trading at more than $46 per share, however, would-be buyers are considerably less interested. Underscoring this idea is the fact that shares of Tonix Pharmaceuticals and Clover Health have yet to respond to the same rally driving strategies that -- at least for a while -- buoyed AMC stock. In a similar vein, Skillz shares have also stopped responding to the bullish prompts that drove the stock from around $11 per share in November of last year to February's high in excess of $46. They're now back near $11, unable to keep a rally going.</p><p><blockquote>看，为了让大多数模因股票继续上涨，新买家必须带来新资金，从已经买入该股票并希望锁定可观利润的交易者那里购买股票。今年年初，当AMC的股价约为每股2美元时，有足够多的人愿意采取这样的举措。然而，现在它的交易价格超过每股46美元，潜在买家的兴趣大大降低。Tonix Pharmaceuticals和Clover Health的股价尚未对至少在一段时间内提振AMC股票的相同反弹驱动策略做出反应，这一事实凸显了这一想法。同样，Skillz的股价也不再对看涨提示做出反应，这些提示将该股从去年11月的每股11美元左右推高至2月份超过46美元的高点。它们现在回到了11美元附近，无法继续上涨。</blockquote></p><p> There's something of a litmus test for the entire meme stock movement due this afternoon. Another meme stock company,<b>GameStop</b>(NYSE:GME), is slated to report its fiscal second-quarter numbers after today's closing bell rings. The numbers are important. But even more important is whether or not the trading crowd relaying on the web's popular message boards will be able to convince others to start and sustain a rally from GameStop. If it can, other meme stocks like AMC and Clover will remain at least somewhat in play. If it can't, it may well be a sign that the underlying strategy of individual traders targeting one ticker at a time is no longer effective. This in turn may sour most of them from even trying to do so, continuing the conversion of many of these meme names back to more conventionally priced stocks.</p><p><blockquote>今天下午将对整个模因股票走势进行试金石测试。另一家模因股票公司，<b>游戏驿站</b>（纽约证券交易所股票代码：GME）定于今天收盘后公布第二财季数据。数字很重要。但更重要的是，在网络流行留言板上转发的交易人群是否能够说服其他人开始并维持游戏驿站的反弹。如果可以的话，AMC和Clover等其他模因股票至少仍将在一定程度上发挥作用。如果做不到，这很可能表明个人交易者一次针对一个股票的基本策略不再有效。这反过来可能会让他们中的大多数人甚至不敢尝试这样做，继续将许多这些模因名称转换回更传统定价的股票。</blockquote></p><p></p>","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, Clover, and Other Meme Stocks Tumbled On Wednesday<blockquote>为什么AMC、Clover和其他模因股票周三暴跌</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, Clover, and Other Meme Stocks Tumbled On Wednesday<blockquote>为什么AMC、Clover和其他模因股票周三暴跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-09-09 14:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.</p><p><blockquote>个人投资者群体可以始终如一地组织努力推动股价上涨的观念开始崩溃。在某些时候，公司必须证明其股票的价值。而且，在某些时候，人们会想要获利了结。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> Shares of&nbsp;<b>AMC Entertainment Holdings</b>(NYSE:AMC),<b>Skillz</b>(NYSE:SKLZ), and&nbsp;<b>Tonix Pharmaceuticals</b>(NASDAQ:TNXP)&nbsp;fell 0.9%, 8.3%, and 4.2% as of closed on Wednesday, with the fickle meme stock trading crowd reversing recent bullishness. Leading the charge for today's rout, however, is&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV), down 12.5%.</p><p><blockquote>本公司之股份<b>AMC院线控股</b>（纽约证券交易所代码：AMC），<b>斯基尔茨</b>（纽约证券交易所代码：SKLZ），以及<b>Tonix制药公司</b>（纳斯达克：TNXP）截至周三收盘分别下跌0.9%、8.3%和4.2%，善变的meme股票交易人群扭转了近期的看涨情绪。然而，导致今天溃败的是<b>三叶草健康投资</b>（纳斯达克：CLOV），下跌12.5%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> If you're looking for the headlines behind the moves, don't bother. There aren't any.</p><p><blockquote>如果您正在寻找这些举措背后的头条新闻，请不要费心。没有。</blockquote></p><p> As has been the case for the past few months, traders looking for a speculative edge are simply gathering around these stocks in an effort to collectively create the price action they desire, often by creating memes regarding these companies. Such efforts cause incredible price volatility.</p><p><blockquote>正如过去几个月的情况一样，寻求投机优势的交易者只是聚集在这些股票周围，努力共同创造他们想要的价格走势，通常是通过创造有关这些公司的模因。这种努力会导致令人难以置信的价格波动。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ba4680fa5e89ea08b364002d70d086f\" tg-width=\"2000\" tg-height=\"1201\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Many of these names -- like Clover this week -- have also been recently targeted as short-squeeze candidates. That's not a terribly bad bet right now either, to be fair, in that more than 7% of the outstanding shares of the&nbsp;health insurance&nbsp;company are currently tied up in short trades. That's enough short positions to prospectively spark en masse buying that drives the price sharply higher,<i>if</i>those short-sellers start becoming unnerved by a bit of bullishness. Tuesday's 15% jump for Clover shares didn't do the trick, however, with most of that gain being given back today.</p><p><blockquote>其中许多名字——比如本周的Clover——最近也成为轧空候选者的目标。公平地说，目前这也不是一个非常糟糕的赌注，因为这家健康保险公司超过7%的已发行股票目前被空头交易所束缚。这足以引发大规模买盘，从而推动价格大幅走高，<i>如果</i>那些卖空者开始对一点看涨情绪感到不安。然而，Clover股价周二上涨15%并没有起到作用，大部分涨幅今天被回吐。</blockquote></p><p> Shares of movie theater chain AMC Entertainment aren't really helping the broader bullish effort either. While one would expect this king of all meme stocks to soar following reports of&nbsp;record-breaking&nbsp;Labor Day weekend box office ticket sales, a bit of Tuesday's near-9% gain from AMC shares is also unwinding with Wednesday's1% sell-off. While that's hardly a devastating setback, the failure to follow through on Tuesday's advance is telling in and of itself.</p><p><blockquote>连锁电影院AMC院线的股票也没有真正帮助更广泛的看涨努力。虽然人们预计这只模因股之王在劳动节周末票房销售破纪录的报道后将飙升，但AMC股价周二近9%的涨幅也随着周三1%的抛售而回落。虽然这算不上是一个毁灭性的挫折，但未能坚持周二的进展本身就很能说明问题。</blockquote></p><p> Of course, the broad market's sell-off today is also creating a headwind for these well-known meme stocks.</p><p><blockquote>当然，今天大盘的抛售也给这些知名模因股带来了阻力。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The advent of&nbsp;meme stock&nbsp;mania (and in particular, organized efforts to spark short squeezes) comes as no real surprise. If you give enough people enough time and the means of doing so, it's reasonable to expect them to capitalize on an opportunity -- including one they must plan out on one of the internet's more popular message boards. A little success on this front early this year prompted the trading crowd to replicate the effort.</p><p><blockquote>模因股票狂热的出现（特别是有组织地引发轧空的努力）并不令人意外。如果你给足够多的人足够的时间和手段，期望他们利用一个机会是合理的——包括一个他们必须在互联网上更受欢迎的留言板上计划的机会。今年早些时候在这方面取得的一点成功促使交易人群复制了这一努力。</blockquote></p><p> Regardless of the strategy's previous effectiveness, however, meme stock mania is losing steam. Not only are hedge funds and other managed investment pools now shoring up their risk exposure to short squeezes, traders are also running out of stocks they can push around.</p><p><blockquote>然而，无论该策略之前的有效性如何，模因股票狂热正在失去动力。不仅对冲基金和其他管理投资池现在正在支撑其空头挤压的风险敞口，交易员也正在耗尽他们可以出售的股票。</blockquote></p><p> They're also running out of other buyers and bullish arguments.</p><p><blockquote>他们也没有其他买家和看涨论据。</blockquote></p><p> See, for most meme stocks to continue their rallies, new buyers must bring new money to the table to purchase shares from traders that have already scooped up the stock and are now looking to lock in a sizable profit. Enough people were willing to take such a swing early in the year when AMC was trading around $2 per share. Now that it's trading at more than $46 per share, however, would-be buyers are considerably less interested. Underscoring this idea is the fact that shares of Tonix Pharmaceuticals and Clover Health have yet to respond to the same rally driving strategies that -- at least for a while -- buoyed AMC stock. In a similar vein, Skillz shares have also stopped responding to the bullish prompts that drove the stock from around $11 per share in November of last year to February's high in excess of $46. They're now back near $11, unable to keep a rally going.</p><p><blockquote>看，为了让大多数模因股票继续上涨，新买家必须带来新资金，从已经买入该股票并希望锁定可观利润的交易者那里购买股票。今年年初，当AMC的股价约为每股2美元时，有足够多的人愿意采取这样的举措。然而，现在它的交易价格超过每股46美元，潜在买家的兴趣大大降低。Tonix Pharmaceuticals和Clover Health的股价尚未对至少在一段时间内提振AMC股票的相同反弹驱动策略做出反应，这一事实凸显了这一想法。同样，Skillz的股价也不再对看涨提示做出反应，这些提示将该股从去年11月的每股11美元左右推高至2月份超过46美元的高点。它们现在回到了11美元附近，无法继续上涨。</blockquote></p><p> There's something of a litmus test for the entire meme stock movement due this afternoon. Another meme stock company,<b>GameStop</b>(NYSE:GME), is slated to report its fiscal second-quarter numbers after today's closing bell rings. The numbers are important. But even more important is whether or not the trading crowd relaying on the web's popular message boards will be able to convince others to start and sustain a rally from GameStop. If it can, other meme stocks like AMC and Clover will remain at least somewhat in play. If it can't, it may well be a sign that the underlying strategy of individual traders targeting one ticker at a time is no longer effective. This in turn may sour most of them from even trying to do so, continuing the conversion of many of these meme names back to more conventionally priced stocks.</p><p><blockquote>今天下午将对整个模因股票走势进行试金石测试。另一家模因股票公司，<b>游戏驿站</b>（纽约证券交易所股票代码：GME）定于今天收盘后公布第二财季数据。数字很重要。但更重要的是，在网络流行留言板上转发的交易人群是否能够说服其他人开始并维持游戏驿站的反弹。如果可以的话，AMC和Clover等其他模因股票至少仍将在一定程度上发挥作用。如果做不到，这很可能表明个人交易者一次针对一个股票的基本策略不再有效。这反过来可能会让他们中的大多数人甚至不敢尝试这样做，继续将许多这些模因名称转换回更传统定价的股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/09/08/why-amc-clover-and-other-meme-stocks-are-tumbling/\">Motley Fool</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":{"CLOV":"Clover Health Corp","SKLZ":"Skillz Inc","TNXP":"Tonix Pharmaceuticals Holding Co","AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/09/08/why-amc-clover-and-other-meme-stocks-are-tumbling/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174332657","content_text":"The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.\nWhat happened\nShares of AMC Entertainment Holdings(NYSE:AMC),Skillz(NYSE:SKLZ), and Tonix Pharmaceuticals(NASDAQ:TNXP) fell 0.9%, 8.3%, and 4.2% as of closed on Wednesday, with the fickle meme stock trading crowd reversing recent bullishness. Leading the charge for today's rout, however, is Clover Health Investments(NASDAQ:CLOV), down 12.5%.\nSo what\nIf you're looking for the headlines behind the moves, don't bother. There aren't any.\nAs has been the case for the past few months, traders looking for a speculative edge are simply gathering around these stocks in an effort to collectively create the price action they desire, often by creating memes regarding these companies. Such efforts cause incredible price volatility.\nIMAGE SOURCE: GETTY IMAGES.\nMany of these names -- like Clover this week -- have also been recently targeted as short-squeeze candidates. That's not a terribly bad bet right now either, to be fair, in that more than 7% of the outstanding shares of the health insurance company are currently tied up in short trades. That's enough short positions to prospectively spark en masse buying that drives the price sharply higher,ifthose short-sellers start becoming unnerved by a bit of bullishness. Tuesday's 15% jump for Clover shares didn't do the trick, however, with most of that gain being given back today.\nShares of movie theater chain AMC Entertainment aren't really helping the broader bullish effort either. While one would expect this king of all meme stocks to soar following reports of record-breaking Labor Day weekend box office ticket sales, a bit of Tuesday's near-9% gain from AMC shares is also unwinding with Wednesday's1% sell-off. While that's hardly a devastating setback, the failure to follow through on Tuesday's advance is telling in and of itself.\nOf course, the broad market's sell-off today is also creating a headwind for these well-known meme stocks.\nNow what\nThe advent of meme stock mania (and in particular, organized efforts to spark short squeezes) comes as no real surprise. If you give enough people enough time and the means of doing so, it's reasonable to expect them to capitalize on an opportunity -- including one they must plan out on one of the internet's more popular message boards. A little success on this front early this year prompted the trading crowd to replicate the effort.\nRegardless of the strategy's previous effectiveness, however, meme stock mania is losing steam. Not only are hedge funds and other managed investment pools now shoring up their risk exposure to short squeezes, traders are also running out of stocks they can push around.\nThey're also running out of other buyers and bullish arguments.\nSee, for most meme stocks to continue their rallies, new buyers must bring new money to the table to purchase shares from traders that have already scooped up the stock and are now looking to lock in a sizable profit. Enough people were willing to take such a swing early in the year when AMC was trading around $2 per share. Now that it's trading at more than $46 per share, however, would-be buyers are considerably less interested. Underscoring this idea is the fact that shares of Tonix Pharmaceuticals and Clover Health have yet to respond to the same rally driving strategies that -- at least for a while -- buoyed AMC stock. In a similar vein, Skillz shares have also stopped responding to the bullish prompts that drove the stock from around $11 per share in November of last year to February's high in excess of $46. They're now back near $11, unable to keep a rally going.\nThere's something of a litmus test for the entire meme stock movement due this afternoon. Another meme stock company,GameStop(NYSE:GME), is slated to report its fiscal second-quarter numbers after today's closing bell rings. The numbers are important. But even more important is whether or not the trading crowd relaying on the web's popular message boards will be able to convince others to start and sustain a rally from GameStop. If it can, other meme stocks like AMC and Clover will remain at least somewhat in play. If it can't, it may well be a sign that the underlying strategy of individual traders targeting one ticker at a time is no longer effective. This in turn may sour most of them from even trying to do so, continuing the conversion of many of these meme names back to more conventionally priced stocks.","news_type":1,"symbols_score_info":{"TNXP":0.9,"CLOV":0.9,"SKLZ":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2029,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817378306,"gmtCreate":1630913845305,"gmtModify":1630913845305,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"Fool?","listText":"Fool?","text":"Fool?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817378306","repostId":"1139285076","repostType":2,"repost":{"id":"1139285076","kind":"news","pubTimestamp":1630898911,"share":"https://www.laohu8.com/m/news/1139285076?lang=zh_CN&edition=full","pubTime":"2021-09-06 11:28","market":"us","language":"en","title":"Should You Invest in AMC Stock Right Now?<blockquote>您现在应该投资AMC股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139285076","media":"Motley Fool","summary":"The company's shares are soaring, making some feel like they are missing out.","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>AMC's stock price is detached from operating performance.</li>  <li>Movie theater attendance is declining.</li>  <li>The coronavirus pandemic is constraining operations.</li> </ul> <b>AMC Entertainment Group</b>(NYSE:AMC)&nbsp;has many investors curious. The stock inspires many headlines, and AMC is a source of frequent discussion on social media sites and discussion forums.</p><p><blockquote><ul><li>AMC的股价与经营业绩无关。</li><li>电影院的上座率正在下降。</li><li>冠状病毒大流行正在限制运营。</li></ul><b>AMC院线集团</b>（纽约证券交易所股票代码：AMC）让许多投资者感到好奇。该股票引发了许多头条新闻，AMC也是社交媒体网站和论坛上频繁讨论的来源。</blockquote></p><p> AMC stock is up nearly 2,000% in 2021, and it has some people asking themselves if they are missing out on the ride of a lifetime. Let's look closer at the popular meme stock and determine if you should buy AMC stock right now.</p><p><blockquote>AMC股价在2021年上涨了近2,000%，这让一些人问自己，他们是否错过了一生的旅程。让我们仔细看看流行的模因股票，并确定您现在是否应该购买AMC股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91d130a094fd82a5407017364a82aad1\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>AMC STOCK IS UP NEARLY 2,000% THIS YEAR. IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMC股价今年上涨了近2,000%。图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Why AMC stock keeps climbing higher</b></p><p><blockquote><b>为什么AMC股价不断攀升</b></blockquote></p><p> First, it's important to note the company's rising&nbsp;stock&nbsp;price has little to do with its operating performance. AMC's business was devastated during the pandemic. While it is slowly bouncing back, the company is still losing money every quarter. There is no telling when or if the company will generate profits on the bottom line.</p><p><blockquote>首先，需要注意的是，公司股价上涨与其经营业绩关系不大。AMC的业务在疫情期间遭到重创。虽然正在缓慢反弹，但该公司每个季度仍在亏损。目前尚不清楚该公司何时或是否会实现盈利。</blockquote></p><p> Rather, its stock price is rising due to a large group of individuals collectively deciding to buy and hold the stock. Like many financial assets, when the demand goes up, the price moves in the same direction.</p><p><blockquote>相反，由于一大群个人集体决定购买并持有该股票，其股价正在上涨。与许多金融资产一样，当需求上升时，价格也会朝同一个方向变动。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd89ac8f9cd6fd071fc2a56a384ed088\" tg-width=\"720\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>AMC Profit Margin (Quarterly) data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCharts提供的AMC利润率（季度）数据</span></p></blockquote></p><p> <b>Looking at AMC's operating performance</b></p><p><blockquote><b>看AMC的经营业绩</b></blockquote></p><p> Since AMC generates nearly all of its revenue from people visiting theaters in person, the coronavirus pandemic was a catastrophe. What's more, AMC still had to come up with the rent payments on its theaters and interest payments to its lenders. Management has since negotiated some delays to those payments, but they are still accumulating.</p><p><blockquote>由于AMC几乎所有的收入都来自亲自去影院的人，冠状病毒大流行是一场灾难。更重要的是，AMC仍然必须支付影院租金和向贷方支付利息。此后，管理层就这些付款进行了一些延迟谈判，但这些付款仍在累积。</blockquote></p><p> Unlike a company with a high degree of variable expenses like&nbsp;<b>Uber</b>, which only pays drivers if they are with customers earning revenue, AMC has a high degree of fixed expenses that didn't decrease with the dropoff in revenue. AMC's business model&nbsp;works well when revenue is expanding&nbsp;because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.</p><p><blockquote>与可变费用较高的公司不同，例如<b>优步</b>AMC只有在与赚取收入的客户一起时才向司机支付费用，AMC的固定费用很高，但并没有随着收入的下降而减少。AMC的商业模式在收入扩张时效果良好，因为在收入增长时成本保持相对平稳，但在销售额下降时对公司不利。</blockquote></p><p> Indeed, AMC reported an operating loss of $1.5 billion in 2020 and has reported losses on the bottom line in three out of the last four years.</p><p><blockquote>事实上，AMC报告2020年运营亏损为15亿美元，并且过去四年中有三年盈利亏损。</blockquote></p><p> <b>Customer value proposition</b></p><p><blockquote><b>客户价值主张</b></blockquote></p><p> A confluence of factors has fewer people visiting movie theaters to watch films. From 2002 to 2019, tickets sold to view movies at the box office in the U.S. and Canada decreased from 1.58 billion to 1.24 billion. The factors can be combined and stated as the lessening degree of the quality difference between watching films at home and in a theater.</p><p><blockquote>多种因素的综合作用使得去电影院看电影的人越来越少。从2002年到2019年，美国和加拿大票房电影票从15.8亿张减少到12.4亿张。这些因素可以被组合并陈述为在家和在影院观看电影之间的质量差异的减小程度。</blockquote></p><p> Higher-quality TVs, better sound systems, and the rise of streaming services are all improving the home viewing experience. Meanwhile, the only noticeable upgrade in movie theaters has been replacing cloth chairs for leather power reclining seats -- an improvement, to be sure. At the same time the quality difference is narrowing, the price difference is expanding.</p><p><blockquote>更高质量的电视、更好的音响系统以及流媒体服务的兴起都在改善家庭观看体验。与此同时，电影院唯一值得注意的升级是用皮革电动躺椅取代了布椅——毫无疑问，这是一种进步。在质量差异缩小的同时，价格差异却在扩大。</blockquote></p><p> Consumers can subscribe to the&nbsp;<b>Disney</b>&nbsp;streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a&nbsp;<b>Netflix</b>&nbsp;subscription for less than $10 per month and entertain a whole family for less than $1 per day. That's in contrast to watching a film on the big screen at over $10 per ticket, even higher in some cities. Studios are increasingly putting blockbuster films straight onto their streaming services, giving viewers a compelling choice of content to choose from.</p><p><blockquote>消费者可以订阅<b>迪斯尼</b>每月不到15美元的流媒体捆绑包（Disney+、Hulu、ESPN+）和<b>Netflix</b>每月不到10美元的订阅费，每天不到1美元的费用招待整个家庭。相比之下，在大银幕上看一部电影的票价超过10美元，在一些城市甚至更高。电影公司越来越多地将大片直接放到他们的流媒体服务上，为观众提供了引人注目的内容选择。</blockquote></p><p> This trend is unlikely to reverse, as studios keep a higher share of film revenue if they don't have to split with movie theaters like AMC.</p><p><blockquote>这一趋势不太可能逆转，因为如果制片厂不必与AMC这样的电影院分割，它们将保留更高的电影收入份额。</blockquote></p><p> <b>The verdict</b></p><p><blockquote><b>判决</b></blockquote></p><p> The current operating environment for AMC is severely constrained, with a deadly virus still in circulation. Over the longer run, the secular popularity of streaming services and the increasing quality of the home viewing experience is bad news for AMC. Looking at the company's business prospects alone, youshould not invest in AMC stock right now.</p><p><blockquote>AMC目前的运营环境受到严重限制，致命病毒仍在传播。从长远来看，流媒体服务的长期流行和家庭观看体验质量的提高对AMC来说是个坏消息。仅从公司的业务前景来看，你现在不应该投资AMC股票。</blockquote></p><p></p>","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>Should You Invest in AMC Stock Right Now?<blockquote>您现在应该投资AMC股票吗？</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\">\nShould You Invest in AMC Stock Right Now?<blockquote>您现在应该投资AMC股票吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-09-06 11:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>AMC's stock price is detached from operating performance.</li>  <li>Movie theater attendance is declining.</li>  <li>The coronavirus pandemic is constraining operations.</li> </ul> <b>AMC Entertainment Group</b>(NYSE:AMC)&nbsp;has many investors curious. The stock inspires many headlines, and AMC is a source of frequent discussion on social media sites and discussion forums.</p><p><blockquote><ul><li>AMC的股价与经营业绩无关。</li><li>电影院的上座率正在下降。</li><li>冠状病毒大流行正在限制运营。</li></ul><b>AMC院线集团</b>（纽约证券交易所股票代码：AMC）让许多投资者感到好奇。该股票引发了许多头条新闻，AMC也是社交媒体网站和论坛上频繁讨论的来源。</blockquote></p><p> AMC stock is up nearly 2,000% in 2021, and it has some people asking themselves if they are missing out on the ride of a lifetime. Let's look closer at the popular meme stock and determine if you should buy AMC stock right now.</p><p><blockquote>AMC股价在2021年上涨了近2,000%，这让一些人问自己，他们是否错过了一生的旅程。让我们仔细看看流行的模因股票，并确定您现在是否应该购买AMC股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91d130a094fd82a5407017364a82aad1\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>AMC STOCK IS UP NEARLY 2,000% THIS YEAR. IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMC股价今年上涨了近2,000%。图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Why AMC stock keeps climbing higher</b></p><p><blockquote><b>为什么AMC股价不断攀升</b></blockquote></p><p> First, it's important to note the company's rising&nbsp;stock&nbsp;price has little to do with its operating performance. AMC's business was devastated during the pandemic. While it is slowly bouncing back, the company is still losing money every quarter. There is no telling when or if the company will generate profits on the bottom line.</p><p><blockquote>首先，需要注意的是，公司股价上涨与其经营业绩关系不大。AMC的业务在疫情期间遭到重创。虽然正在缓慢反弹，但该公司每个季度仍在亏损。目前尚不清楚该公司何时或是否会实现盈利。</blockquote></p><p> Rather, its stock price is rising due to a large group of individuals collectively deciding to buy and hold the stock. Like many financial assets, when the demand goes up, the price moves in the same direction.</p><p><blockquote>相反，由于一大群个人集体决定购买并持有该股票，其股价正在上涨。与许多金融资产一样，当需求上升时，价格也会朝同一个方向变动。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd89ac8f9cd6fd071fc2a56a384ed088\" tg-width=\"720\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>AMC Profit Margin (Quarterly) data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCharts提供的AMC利润率（季度）数据</span></p></blockquote></p><p> <b>Looking at AMC's operating performance</b></p><p><blockquote><b>看AMC的经营业绩</b></blockquote></p><p> Since AMC generates nearly all of its revenue from people visiting theaters in person, the coronavirus pandemic was a catastrophe. What's more, AMC still had to come up with the rent payments on its theaters and interest payments to its lenders. Management has since negotiated some delays to those payments, but they are still accumulating.</p><p><blockquote>由于AMC几乎所有的收入都来自亲自去影院的人，冠状病毒大流行是一场灾难。更重要的是，AMC仍然必须支付影院租金和向贷方支付利息。此后，管理层就这些付款进行了一些延迟谈判，但这些付款仍在累积。</blockquote></p><p> Unlike a company with a high degree of variable expenses like&nbsp;<b>Uber</b>, which only pays drivers if they are with customers earning revenue, AMC has a high degree of fixed expenses that didn't decrease with the dropoff in revenue. AMC's business model&nbsp;works well when revenue is expanding&nbsp;because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.</p><p><blockquote>与可变费用较高的公司不同，例如<b>优步</b>AMC只有在与赚取收入的客户一起时才向司机支付费用，AMC的固定费用很高，但并没有随着收入的下降而减少。AMC的商业模式在收入扩张时效果良好，因为在收入增长时成本保持相对平稳，但在销售额下降时对公司不利。</blockquote></p><p> Indeed, AMC reported an operating loss of $1.5 billion in 2020 and has reported losses on the bottom line in three out of the last four years.</p><p><blockquote>事实上，AMC报告2020年运营亏损为15亿美元，并且过去四年中有三年盈利亏损。</blockquote></p><p> <b>Customer value proposition</b></p><p><blockquote><b>客户价值主张</b></blockquote></p><p> A confluence of factors has fewer people visiting movie theaters to watch films. From 2002 to 2019, tickets sold to view movies at the box office in the U.S. and Canada decreased from 1.58 billion to 1.24 billion. The factors can be combined and stated as the lessening degree of the quality difference between watching films at home and in a theater.</p><p><blockquote>多种因素的综合作用使得去电影院看电影的人越来越少。从2002年到2019年，美国和加拿大票房电影票从15.8亿张减少到12.4亿张。这些因素可以被组合并陈述为在家和在影院观看电影之间的质量差异的减小程度。</blockquote></p><p> Higher-quality TVs, better sound systems, and the rise of streaming services are all improving the home viewing experience. Meanwhile, the only noticeable upgrade in movie theaters has been replacing cloth chairs for leather power reclining seats -- an improvement, to be sure. At the same time the quality difference is narrowing, the price difference is expanding.</p><p><blockquote>更高质量的电视、更好的音响系统以及流媒体服务的兴起都在改善家庭观看体验。与此同时，电影院唯一值得注意的升级是用皮革电动躺椅取代了布椅——毫无疑问，这是一种进步。在质量差异缩小的同时，价格差异却在扩大。</blockquote></p><p> Consumers can subscribe to the&nbsp;<b>Disney</b>&nbsp;streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a&nbsp;<b>Netflix</b>&nbsp;subscription for less than $10 per month and entertain a whole family for less than $1 per day. That's in contrast to watching a film on the big screen at over $10 per ticket, even higher in some cities. Studios are increasingly putting blockbuster films straight onto their streaming services, giving viewers a compelling choice of content to choose from.</p><p><blockquote>消费者可以订阅<b>迪斯尼</b>每月不到15美元的流媒体捆绑包（Disney+、Hulu、ESPN+）和<b>Netflix</b>每月不到10美元的订阅费，每天不到1美元的费用招待整个家庭。相比之下，在大银幕上看一部电影的票价超过10美元，在一些城市甚至更高。电影公司越来越多地将大片直接放到他们的流媒体服务上，为观众提供了引人注目的内容选择。</blockquote></p><p> This trend is unlikely to reverse, as studios keep a higher share of film revenue if they don't have to split with movie theaters like AMC.</p><p><blockquote>这一趋势不太可能逆转，因为如果制片厂不必与AMC这样的电影院分割，它们将保留更高的电影收入份额。</blockquote></p><p> <b>The verdict</b></p><p><blockquote><b>判决</b></blockquote></p><p> The current operating environment for AMC is severely constrained, with a deadly virus still in circulation. Over the longer run, the secular popularity of streaming services and the increasing quality of the home viewing experience is bad news for AMC. Looking at the company's business prospects alone, youshould not invest in AMC stock right now.</p><p><blockquote>AMC目前的运营环境受到严重限制，致命病毒仍在传播。从长远来看，流媒体服务的长期流行和家庭观看体验质量的提高对AMC来说是个坏消息。仅从公司的业务前景来看，你现在不应该投资AMC股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/09/05/should-you-invest-in-amc-stock-right-now/\">Motley Fool</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":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/09/05/should-you-invest-in-amc-stock-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139285076","content_text":"Key Points\n\nAMC's stock price is detached from operating performance.\nMovie theater attendance is declining.\nThe coronavirus pandemic is constraining operations.\n\nAMC Entertainment Group(NYSE:AMC) has many investors curious. The stock inspires many headlines, and AMC is a source of frequent discussion on social media sites and discussion forums.\nAMC stock is up nearly 2,000% in 2021, and it has some people asking themselves if they are missing out on the ride of a lifetime. Let's look closer at the popular meme stock and determine if you should buy AMC stock right now.\nAMC STOCK IS UP NEARLY 2,000% THIS YEAR. IMAGE SOURCE: GETTY IMAGES.\nWhy AMC stock keeps climbing higher\nFirst, it's important to note the company's rising stock price has little to do with its operating performance. AMC's business was devastated during the pandemic. While it is slowly bouncing back, the company is still losing money every quarter. There is no telling when or if the company will generate profits on the bottom line.\nRather, its stock price is rising due to a large group of individuals collectively deciding to buy and hold the stock. Like many financial assets, when the demand goes up, the price moves in the same direction.\nAMC Profit Margin (Quarterly) data by YCharts\nLooking at AMC's operating performance\nSince AMC generates nearly all of its revenue from people visiting theaters in person, the coronavirus pandemic was a catastrophe. What's more, AMC still had to come up with the rent payments on its theaters and interest payments to its lenders. Management has since negotiated some delays to those payments, but they are still accumulating.\nUnlike a company with a high degree of variable expenses like Uber, which only pays drivers if they are with customers earning revenue, AMC has a high degree of fixed expenses that didn't decrease with the dropoff in revenue. AMC's business model works well when revenue is expanding because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.\nIndeed, AMC reported an operating loss of $1.5 billion in 2020 and has reported losses on the bottom line in three out of the last four years.\nCustomer value proposition\nA confluence of factors has fewer people visiting movie theaters to watch films. From 2002 to 2019, tickets sold to view movies at the box office in the U.S. and Canada decreased from 1.58 billion to 1.24 billion. The factors can be combined and stated as the lessening degree of the quality difference between watching films at home and in a theater.\nHigher-quality TVs, better sound systems, and the rise of streaming services are all improving the home viewing experience. Meanwhile, the only noticeable upgrade in movie theaters has been replacing cloth chairs for leather power reclining seats -- an improvement, to be sure. At the same time the quality difference is narrowing, the price difference is expanding.\nConsumers can subscribe to the Disney streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a Netflix subscription for less than $10 per month and entertain a whole family for less than $1 per day. That's in contrast to watching a film on the big screen at over $10 per ticket, even higher in some cities. Studios are increasingly putting blockbuster films straight onto their streaming services, giving viewers a compelling choice of content to choose from.\nThis trend is unlikely to reverse, as studios keep a higher share of film revenue if they don't have to split with movie theaters like AMC.\nThe verdict\nThe current operating environment for AMC is severely constrained, with a deadly virus still in circulation. Over the longer run, the secular popularity of streaming services and the increasing quality of the home viewing experience is bad news for AMC. Looking at the company's business prospects alone, youshould not invest in AMC stock right now.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170761227,"gmtCreate":1626452060969,"gmtModify":1626452060969,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"FOOL","listText":"FOOL","text":"FOOL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170761227","repostId":"2151892500","repostType":2,"isVote":1,"tweetType":1,"viewCount":721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153037906,"gmtCreate":1624984551605,"gmtModify":1624984551605,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"FOOL?","listText":"FOOL?","text":"FOOL?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153037906","repostId":"2147585785","repostType":2,"isVote":1,"tweetType":1,"viewCount":1054,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150614897,"gmtCreate":1624896139519,"gmtModify":1624896139519,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"涨了这么久，还迷因？","listText":"涨了这么久，还迷因？","text":"涨了这么久，还迷因？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150614897","repostId":"1148481357","repostType":2,"repost":{"id":"1148481357","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624888651,"share":"https://www.laohu8.com/m/news/1148481357?lang=zh_CN&edition=full","pubTime":"2021-06-28 21:57","market":"us","language":"en","title":"Meme stocks are blazing hot, once again.<blockquote>模因股票再次炙手可热。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148481357","media":"Tiger Newspress","summary":"Meme stocks are blazing hot, once again.CCIV,Workhorse,GameStop,AMC and Bed Bath & Beyond climbed be","content":"<p>Meme stocks are blazing hot, once again.CCIV,Workhorse,GameStop,AMC and Bed Bath &amp; Beyond climbed between 5% and 7%.</p><p><blockquote>Meme股票再次炙手可热。CCIV、Workhorse、游戏驿站、AMC和Bed Bath&amp;Beyond股价上涨5%至7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fb2694f87fdac29278fbf2a583a1bf36\" tg-width=\"390\" tg-height=\"743\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","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>Meme stocks are blazing hot, once again.<blockquote>模因股票再次炙手可热。</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{ 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}\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\">\nMeme stocks are blazing hot, once again.<blockquote>模因股票再次炙手可热。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-28 21:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Meme stocks are blazing hot, once again.CCIV,Workhorse,GameStop,AMC and Bed Bath &amp; Beyond climbed between 5% and 7%.</p><p><blockquote>Meme股票再次炙手可热。CCIV、Workhorse、游戏驿站、AMC和Bed Bath&amp;Beyond股价上涨5%至7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fb2694f87fdac29278fbf2a583a1bf36\" tg-width=\"390\" tg-height=\"743\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc.","GME":"游戏驿站","AMC":"AMC院线","BBBY":"Bed Bath & Beyond, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148481357","content_text":"Meme stocks are blazing hot, once again.CCIV,Workhorse,GameStop,AMC and Bed Bath & Beyond climbed between 5% and 7%.","news_type":1,"symbols_score_info":{"CCIV":0.9,"WKHS":0.9,"BBBY":0.9,"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":3275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":125391360,"gmtCreate":1624647666350,"gmtModify":1624647666350,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"thx, then buy n hodl.","listText":"thx, then buy n hodl.","text":"thx, then buy n hodl.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125391360","repostId":"2146072291","repostType":2,"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126031528,"gmtCreate":1624536769164,"gmtModify":1624536769164,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"这不是废话吗？难道买股亏损还有人赔？","listText":"这不是废话吗？难道买股亏损还有人赔？","text":"这不是废话吗？难道买股亏损还有人赔？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126031528","repostId":"2145196049","repostType":2,"isVote":1,"tweetType":1,"viewCount":2763,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":164232131,"gmtCreate":1624206054823,"gmtModify":1624206054823,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"太没节操了，这个搬运工断子绝孙啊","listText":"太没节操了，这个搬运工断子绝孙啊","text":"太没节操了，这个搬运工断子绝孙啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164232131","repostId":"2144777459","repostType":2,"repost":{"id":"2144777459","kind":"news","pubTimestamp":1624042900,"share":"https://www.laohu8.com/m/news/2144777459?lang=zh_CN&edition=full","pubTime":"2021-06-19 03:01","market":"hk","language":"zh","title":"探访贾跃亭工厂：杂草丛生","url":"https://stock-news.laohu8.com/highlight/detail?id=2144777459","media":"亿邦动力网","summary":"探访贾跃亭工厂：杂草丛生 来源：亿邦动力网媒体探访贾跃亭工厂现状发现，贾跃亭美国造车工厂杂草丛生，一片荒凉。探访贾跃亭工厂：杂草丛生2017年12月初，记者探访贾跃亭工厂，即投资的法拉第未来，位于美国加州汉福德唯一计划进行中的“FF91高端工厂”。探访贾跃亭工厂：年初签了10年租约据探访贾跃亭工厂的记着了解到，法拉第未来准备在这里租赁10年。记着探访贾跃亭工厂时了解到，资金面成了FF工厂最大的变数。","content":"<html><body><p>原标题：探访贾跃亭工厂：杂草丛生 来源：亿邦动力网</p><p>媒体探访贾跃亭工厂现状发现，贾跃亭美国造车工厂杂草丛生，一片荒凉。众所周知，贾跃亭进军智能手机、电动汽车和体育转播等多个行业，誓言要挑战<a href=\"https://laohu8.com/S/AAPL\">苹果</a>和<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>等巨头。然而近日，乐视贾跃亭一再爆出各种负面，被法院列为失信人员名单，国内禁止乘坐飞机高等消费，甚至被外媒高度关注。探访贾跃亭工厂现状，贾跃亭投资的FF是否能梦想成真？我们一探究竟。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/3165-krpikqf9306607.jpg/w720fin.jpg\"/></div><p><font>探访贾跃亭工厂：杂草丛生</font></p><p>2017年12月初，记者探访贾跃亭工厂，即投资的法拉第未来（Faraday Future，简称FF），位于美国加州汉福德唯一计划进行中的“FF91高端工厂”。法拉第未来刚刚放弃了在美国北拉斯维加斯市自建工厂的计划，并于今年8月揭幕了这一租赁而来的老工厂。连接工厂的铁轨旁杂草丛生，一片荒凉志气。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/3763-krpikqf9306608.jpg/w720fin.jpg\"/></div><p>这是目前法拉第未来唯一计划进行中也是第一家工厂，位于洛杉矶与硅谷之间的空旷郊区，距离法拉第未来洛杉矶总部300多公里。一位当地知情人士透露，“里面没有造车的设备，什么也没有，只有一名安全工程师每天上午9点上班”。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/bc07-krpikqf9306622.jpg/w720fin.jpg\"/></div><p>厂房门口虽然已经立起了法拉第未来的新标志，但是近90万平方英尺的厂房目前只有一个人在打理。该人士还表示，认为法拉第未来要在2018年底要量产是不可能的，事情必须以最快速度才能完成这个目标。</p><p><font>探访贾跃亭工厂：“钉子户”尚未搬离</font></p><p>据记者介绍，在探访贾跃亭工厂时发现，厂房附件还有尚未搬出的租客。根据法拉第未来于8月发布的规划，在随后几个月中，FF91高端工厂会进行投入生产的各项准备工作：包括规划，翻新和许可申请等。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/6d07-krpikqf9306623.jpg/w720fin.jpg\"/></div><p>在11月下旬现有租户迁出后，公司预计在2018年初开始大范围的机器迁入工作。地产商8月22日左右通知所有租客在30天内搬离，一家租了1.5万平方英尺的租客11月刚刚搬离，但还有最后一户租客不愿撤离，目前律师已经介入。</p><p><font>探访贾跃亭工厂：年初签了10年租约</font></p><p>据探访贾跃亭工厂的记着了解到，法拉第未来准备在这里租赁10年。2015年12月10日，法拉第未来宣布将在位于内华达州的北拉斯维加斯建设制造工厂明总投资额为10亿美元，占地300万平方英尺。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/3458-krpikqf9306638.jpg/w720fin.jpg\"/></div><p>内华达州政府批准了针对法拉第未来的一项总额3.35亿美元的奖励方案，其中包括2.15亿美金的税收抵免和减免，以及用于改善即将建厂工业区基础设施的1.2亿美金公共费用。随后法拉第未来曝出资金问题，该厂建设停滞。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/0d24-krpikqf9306639.jpg/w720fin.jpg\"/></div><p>当地媒体援引加州国王县的信息城，2017年早些时候，法拉第未来又回到加州，租下了这个曾经的轮胎厂。</p><p><font>探访贾跃亭工厂：10亿融资是真是假？</font></p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/b096-krpikqf9306660.jpg/w720fin.jpg\"/></div><p>记着探访贾跃亭工厂时了解到，资金面成了FF工厂最大的变数。贾跃亭直接在为法拉第未来寻求新的融资。就在2017年12月13日，贾跃亭在内部全员大会宣布，经过与投资人近一个月的谈判，成功完成了超10亿美元A轮股权融资。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/e3bd-krpikqf9306661.jpg/w720fin.jpg\"/></div><p>同时，董事长贾跃亭表示，他将出任FF全球CEO和首席产品官，并推动FF的管理和组织变革，确保战略执行和产品落地，这也结束了FF成立四年以来没有CEO的历史。那么，贾跃亭所谓的10亿融资是真是假？假设10亿融资是真的，就能真的挽救法拉第未来工厂吗？让贾跃亭一扫阴霾，重回互联网神坛？</p></body></html>","source":"sina_symbol","collect":0,"html":"<!DOCTYPE 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}\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\">\n探访贾跃亭工厂：杂草丛生\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 03:01 北京时间&nbsp;&nbsp;&nbsp;<a href=https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/relnews/us/2021-06-19/doc-ikqcfnca1866882.shtml><strong>亿邦动力网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>原标题：探访贾跃亭工厂：杂草丛生 来源：亿邦动力网媒体探访贾跃亭工厂现状发现，贾跃亭美国造车工厂杂草丛生，一片荒凉。众所周知，贾跃亭进军智能手机、电动汽车和体育转播等多个行业，誓言要挑战苹果和特斯拉等巨头。然而近日，乐视贾跃亭一再爆出各种负面，被法院列为失信人员名单，国内禁止乘坐飞机高等消费，甚至被外媒高度关注。探访贾跃亭工厂现状，贾跃亭投资的FF是否能梦想成真？我们一探究竟。探访贾跃亭工厂：...</p>\n\n<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/relnews/us/2021-06-19/doc-ikqcfnca1866882.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fcf74adffe102b47b483069a4a3fee6a","relate_stocks":{},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/relnews/us/2021-06-19/doc-ikqcfnca1866882.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144777459","content_text":"原标题：探访贾跃亭工厂：杂草丛生 来源：亿邦动力网媒体探访贾跃亭工厂现状发现，贾跃亭美国造车工厂杂草丛生，一片荒凉。众所周知，贾跃亭进军智能手机、电动汽车和体育转播等多个行业，誓言要挑战苹果和特斯拉等巨头。然而近日，乐视贾跃亭一再爆出各种负面，被法院列为失信人员名单，国内禁止乘坐飞机高等消费，甚至被外媒高度关注。探访贾跃亭工厂现状，贾跃亭投资的FF是否能梦想成真？我们一探究竟。探访贾跃亭工厂：杂草丛生2017年12月初，记者探访贾跃亭工厂，即投资的法拉第未来（Faraday Future，简称FF），位于美国加州汉福德唯一计划进行中的“FF91高端工厂”。法拉第未来刚刚放弃了在美国北拉斯维加斯市自建工厂的计划，并于今年8月揭幕了这一租赁而来的老工厂。连接工厂的铁轨旁杂草丛生，一片荒凉志气。这是目前法拉第未来唯一计划进行中也是第一家工厂，位于洛杉矶与硅谷之间的空旷郊区，距离法拉第未来洛杉矶总部300多公里。一位当地知情人士透露，“里面没有造车的设备，什么也没有，只有一名安全工程师每天上午9点上班”。厂房门口虽然已经立起了法拉第未来的新标志，但是近90万平方英尺的厂房目前只有一个人在打理。该人士还表示，认为法拉第未来要在2018年底要量产是不可能的，事情必须以最快速度才能完成这个目标。探访贾跃亭工厂：“钉子户”尚未搬离据记者介绍，在探访贾跃亭工厂时发现，厂房附件还有尚未搬出的租客。根据法拉第未来于8月发布的规划，在随后几个月中，FF91高端工厂会进行投入生产的各项准备工作：包括规划，翻新和许可申请等。在11月下旬现有租户迁出后，公司预计在2018年初开始大范围的机器迁入工作。地产商8月22日左右通知所有租客在30天内搬离，一家租了1.5万平方英尺的租客11月刚刚搬离，但还有最后一户租客不愿撤离，目前律师已经介入。探访贾跃亭工厂：年初签了10年租约据探访贾跃亭工厂的记着了解到，法拉第未来准备在这里租赁10年。2015年12月10日，法拉第未来宣布将在位于内华达州的北拉斯维加斯建设制造工厂明总投资额为10亿美元，占地300万平方英尺。内华达州政府批准了针对法拉第未来的一项总额3.35亿美元的奖励方案，其中包括2.15亿美金的税收抵免和减免，以及用于改善即将建厂工业区基础设施的1.2亿美金公共费用。随后法拉第未来曝出资金问题，该厂建设停滞。当地媒体援引加州国王县的信息城，2017年早些时候，法拉第未来又回到加州，租下了这个曾经的轮胎厂。探访贾跃亭工厂：10亿融资是真是假？记着探访贾跃亭工厂时了解到，资金面成了FF工厂最大的变数。贾跃亭直接在为法拉第未来寻求新的融资。就在2017年12月13日，贾跃亭在内部全员大会宣布，经过与投资人近一个月的谈判，成功完成了超10亿美元A轮股权融资。同时，董事长贾跃亭表示，他将出任FF全球CEO和首席产品官，并推动FF的管理和组织变革，确保战略执行和产品落地，这也结束了FF成立四年以来没有CEO的历史。那么，贾跃亭所谓的10亿融资是真是假？假设10亿融资是真的，就能真的挽救法拉第未来工厂吗？让贾跃亭一扫阴霾，重回互联网神坛？","news_type":1,"symbols_score_info":{"PSAC":1}},"isVote":1,"tweetType":1,"viewCount":3102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":166310846,"gmtCreate":1623991311585,"gmtModify":1623991444441,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"stay calm, buy n hodl","listText":"stay calm, buy n hodl","text":"stay calm, buy n hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166310846","repostId":"1131310015","repostType":2,"repost":{"id":"1131310015","kind":"news","pubTimestamp":1623987347,"share":"https://www.laohu8.com/m/news/1131310015?lang=zh_CN&edition=full","pubTime":"2021-06-18 11:35","market":"us","language":"en","title":"AMC: Danger Signals For Investors And Speculators<blockquote>AMC：投资者和投机者的危险信号</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131310015","media":"seekingalpha","summary":"Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pul","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I stand on the shoulder of giants to guide you on AMC.</li>  <li>For investors, the gravitational pull of no earning prospects provides little support to the stock.</li>  <li>A century-old cautionary tale for speculators counting on a short squeeze.</li>  <li>Sell before the other speculators do.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabb985556b9f549dd561bf919495d08\" tg-width=\"768\" tg-height=\"513\"><span>RgStudio/E+ via Getty Images</span></p><p><blockquote><ul><li>我站在巨人的肩膀上，在AMC上指导你。</li><li>对于投资者来说，没有盈利前景的引力对该股几乎没有支撑。</li><li>对于指望轧空的投机者来说，这是一个百年的警示故事。</li><li>在其他投机者之前卖出。</li></ul><p class=\"t-img-caption\"><span>RgStudio/E+来自Getty Images</span></p></blockquote></p><p> What are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “<i>If I have seen a little further it is by standing on the shoulders of Giants.</i>” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer for<i>The Wall Street Journal</i>, and John Brooks, author of “<i>Business Adventures</i>”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.</p><p><blockquote>我们如何看待模因股票现象？几周前，我与AMC院线控股公司（纽约证券交易所股票代码：AMC）一起尝试了一下。在读了两篇有趣的文章后，我回来看更多。正如艾萨克·牛顿在1676年所说，“<i>如果说我看得更远了一点，那就是站在巨人的肩膀上。</i>“现在我不是艾萨克·牛顿了。首先，我看起来好多了。但就像齐克一样——艾萨克的朋友们可能从未使用过这个昵称——我也站在巨人的肩膀上。在这种情况下，杰森·茨威格（Jason Zweig）是一位出色的金融市场作家<i>华尔街日报</i>，以及约翰·布鲁克斯，《<i>商业冒险</i>》，比尔盖茨推荐的一本书。我将在本文中大量引用两者，然后为您划清界限AMC。</blockquote></p><p> <b>Investor vs. trader vs. speculator</b></p><p><blockquote><b>投资者、交易者、投机者</b></blockquote></p><p> Jason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021<i>Wall Street Journal</i>column:</p><p><blockquote>Jason Zweig在他的2021年6月11日以图形方式区分了这三种类型的股票买家<i>华尔街日报</i>柱：</blockquote></p><p>   “  <i>Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”</i>  So why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assets<i>never</i>came up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.</p><p><blockquote>“<i>每当你因为有预感或只是为了好玩而购买任何金融资产，或者因为某个名人正在大肆宣传，或者其他人似乎也在购买它，你就不是在投资。你绝对是一个交易者：刚刚购买了一项资产的人。你可能是一个投机者：认为其他人会比你支付更多的钱。”“投资者依赖内部回报来源：收益、收入、资产价值的增长。投机者依赖外部回报来源：主要是其他人是否会支付更多，而不考虑基本价值。”</i>那么为什么AMC的股价一直在上涨呢？我有一个非正式的数据来源，即我6月4日AMC文章的300多条评论。收益，收入，资产价值的增长<i>没有</i>上来了。出现的是“轧空”和股票图表。因此，我预计茨威格先生会将AMC的股票描述为由交易员和投机者推动的。</blockquote></p><p> Mr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.</p><p><blockquote>茨威格先生还让我意识到，我的AMC文章遗漏了盈利预测。我给出了很多关于历史趋势的数据，这些数据只是暗示了未来的方向。我在这里纠正这个遗漏。</blockquote></p><p> <b>A 2022 AMC earnings forecast</b></p><p><blockquote><b>2022年AMC盈利预测</b></blockquote></p><p> I start with the key assumptions:</p><p><blockquote>我从关键假设开始：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f5311cb0ff00c046d122c2c84fc3aea\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>My time frame for reference</i>&nbsp;is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.</p><p><blockquote><i>我的参考时间框架</i>是2017年到2019年。早期的数据相关性较低，因为AMC在2016年进行了一项大型收购，而2020年和2021年的数据则因为新冠疫情而相关性更低。</blockquote></p><p> <i>The national box office</i>is the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.</p><p><blockquote><i>全国票房</i>是主要假设。我6月4日的文章显示，自2002年以来，电影上座率一直在下降。明年票房会是多少？流媒体在订户和内容方面的稳定增长无疑是一个阻力。从逻辑上讲，COVID应该增加从场外（剧院）娱乐到家庭娱乐的转变，就像购物和工作一样。保持电影上座率接近19年的水平将是一个小小的奇迹。下降10%，甚至20%的可能性要大得多。如上表所示，我使用所有三种票房假设对2022年AMC每股收益进行预测。</blockquote></p><p> <b><i>AMC market share.</i></b>I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.</p><p><blockquote><b><i>AMC市场份额。</i></b>我假设AMC的份额会比17-19年的水平有所增加，因为一些竞争影院肯定因新冠疫情的财务压力而退出。</blockquote></p><p> <b><i>Admissions gross margin.</i></b>This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.</p><p><blockquote><b><i>招生毛利率。</i></b>这是门票销售的利润减去制片人授权电影的成本。我认为AMC在17-19年保持稳定，但我也可以想象电影制片人会寻求更好的条款，因为AMC必须与越来越多渴望内容的流媒体服务竞标。</blockquote></p><p> <b><i>Food expenses as a percent of sales.</i></b>I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs and<i>multiply them by 7 in their pricing to us moviegoers.</i>Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.</p><p><blockquote><b><i>食品费用占销售额的百分比。</i></b>我继承了低得惊人的数字。AMC，大概还有它的同行，承担他们的食品和饮料成本和<i>将它们对美国电影观众的定价乘以7。</i>走私你自己的Jujifruits，省下一捆。我今年最好的理财建议。</blockquote></p><p> <b><i>Food and beverage sales as a percent of ticket prices.</i></b>I assume that AMC’s trend of modest increases continues.</p><p><blockquote><b><i>食品和饮料销售额占票价的百分比。</i></b>我认为AMC小幅上涨的趋势仍在继续。</blockquote></p><p> <b><i>Operating expenses</i></b>are the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.</p><p><blockquote><b><i>营业费用</i></b>是剧院人员、公用事业等的成本。我认为运营费用率的逐步上升趋势仍在继续，原因有二。第一，这些运营费用基本上是固定的，收入将面临压力。其次，当前的劳动力短缺将给低端剧院工作的薪酬水平带来压力，这似乎是合乎逻辑的。</blockquote></p><p></p><p> We’re now ready for my earnings and cash flow models:</p><p><blockquote>我们现在已经为我的盈利和现金流模型做好了准备：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9b8a5ce8ad10adb3336126cdb0a5e598\" tg-width=\"537\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:</p><p><blockquote>22年的预测是根据上述假设通过“毛利润”线设定的。我的管理费用预测假设AMC正在努力限制费用度过充满挑战的时期：</blockquote></p><p> <ul>  <li><i>Depreciation/amortization</i>is a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.</li>  <li><i>Interest expense</i>should decline as AMC pays down some debt with the equity it has been raising.</li> </ul> <b>The gravitational pull of earnings</b></p><p><blockquote><ul><li><i>折旧/摊销</i>是房地产和收购的会计费用的组合。疫情期间进行的减记本应减少这些费用。</li><li><i>利息支出</i>随着AMC用其筹集的股权偿还部分债务，这一数字应该会下降。</li></ul><b>盈利的引力</b></blockquote></p><p> We arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.</p><p><blockquote>我们到达了底线。我能看到的2022年每股收益的最佳情况是大致盈亏平衡。更有可能的是适度的损失。现金流应该会更糟，因为AMC保持其影院对不断萎缩的观众的吸引力所需的现金资本支出应该超过其非现金折旧/摊销费用。如果资本支出远低于我的预测，可能是因为AMC管理层承认自己正处于死亡螺旋之中，并希望尽可能榨取现金。</blockquote></p><p> <i>The bottom line - no support for investors.</i>AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words of<i>Trading Places</i>, “Sell Mortimer, sell!”</p><p><blockquote><i>底线——不支持投资者。</i>AMC的账面价值为负。在COVID之后，它似乎无法赚取任何物质收入。其业务因技术变革而长期下滑，新的竞争对手是拥有巨大资源的怪兽公司——Netflix、迪士尼、康卡斯特等。投资者只能看着AMC目前55美元的股价，不寒而栗地说，用不朽的话来说<i>交易场所</i>、“卖莫蒂默，卖！”</blockquote></p><p> <b>The speculative play - a short squeeze: A historical cautionary tale</b></p><p><blockquote><b>投机游戏——轧空：历史警示</b></blockquote></p><p> Millennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The book<i>Business Adventures</i>by John Brooks<i>,</i>published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.</p><p><blockquote>千禧一代并没有发明轧空。它几乎和金融市场存在的时间一样长。这本书<i>商业冒险</i>约翰·布鲁克斯<i>,</i>早在1969年就出版了，生动地讲述了20世纪20年代初的空头挤压故事。一个世纪前。我将引用书中的话来说明在没有投资者支持的情况下，投机的故事将如何结束。所以，给自己倒点非法烈酒（我们正走向禁酒令时代），继续读下去。这是第一家超市Piggly Wiggly Stores的创始人克拉伦斯·桑德斯的故事；他那个时代的亚马逊。</blockquote></p><p> Shorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:</p><p><blockquote>1922年，空头追捧克拉伦斯的股票，将其从50美元推至40美元以下。桑德斯发誓要用空头挤压进行报复。以下是布鲁克斯先生讲述这个故事的摘录：</blockquote></p><p>   “  <i>Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…</i>”  The sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.</p><p><blockquote>“<i>桑德斯……购买了33,000股Piggly Wiggly股票，大部分来自卖空者；不到一周，他就将总数增加到了10.5万股——超过了20万股已发行股票的一半。桑德斯购买活动的有效性显而易见；到1923年1月下旬，它已将价格推高了60多美元……</i>“昔日唯一的空头挤压者如今已被成群的“猿”所取代，而猿在推高价格方面要好得多。顺便说一句，信不信由你，一群猿显然被称为“精明”。一群猿很精明——有意思。</blockquote></p><p>   “  <i>He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”</i>  Today we have apes sticking it to hedge funds.</p><p><blockquote>“<i>他赚了一大笔钱，证明了一个贫穷的南方男孩是如何教训城市里的狡猾分子的。”</i>今天，我们有猿类坚持对冲基金。</blockquote></p><p>   “  <i>One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.</i>”  Something to think about. What was Saunders to do?</p><p><blockquote>“<i>角落里最大的危险之一总是，即使一个玩家可能会击败他的对手，他也会发现他赢得了一场得不偿失的胜利。一旦卖空者被榨干，卖空者可能会发现他在这个过程中积累的大量股票是他脖子上的沉重负担；通过将其全部推回市场，他会将其价格降至零。</i>“值得思考的事情。桑德斯该怎么办？</blockquote></p><p>   “[  <i>Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments</i>.”  Pretty clever, no? No:</p><p><blockquote>“[<i>桑德斯的解决方案是出售分期付款计划中价值55美元的股票。在他二月份的广告中，他规定公众只需支付25美元的首付，余款分三期支付10美元即可购买股票</i>“很聪明，不是吗？没有：</blockquote></p><p>   “  <i>At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”</i>  Uh oh. What now?</p><p><blockquote>“<i>在第三天结束时，认购的股份总数仍低于2.5万股，所做的卖出被取消。桑德斯不得不承认这次旅行是失败的。”</i>呃哦。现在怎么办？</blockquote></p><p>   <i>“On August 22nd, the New York auction firm of Adrian H. Muller &amp; Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”</i>  Ouch.</p><p><blockquote><i>“8月22日，Adrian H.Muller&amp;Son的纽约拍卖公司……以每股1美元的价格拍卖了1,500股Piggly Wiggly股票……第二年春天，Saunders进入了正式破产程序。”</i>哎哟。</blockquote></p><p> <b>Buyers beware</b></p><p><blockquote><b>买家当心</b></blockquote></p><p> As Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?</p><p><blockquote>正如杰森·茨威格上面指出的，投机者依赖于以更高的价格找到买家。如今AMC股票的持有者无疑让许多卖空者的生活变得痛苦。但真的有足够多的新买家来收购AMC目前280亿美元市值以上的现有股东吗？尤其是在没有盈利的情况下不断给股票带来压力的情况下？</blockquote></p><p></p><p> AMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.</p><p><blockquote>AMC股东们，不要赢得克拉伦斯·桑德斯得不偿失的胜利。拿着每股55美元跑吧。快的。在其他投机持有者首先这样做之前。</blockquote></p><p></p>","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>AMC: Danger Signals For Investors And Speculators<blockquote>AMC：投资者和投机者的危险信号</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\">\nAMC: Danger Signals For Investors And Speculators<blockquote>AMC：投资者和投机者的危险信号</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 11:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I stand on the shoulder of giants to guide you on AMC.</li>  <li>For investors, the gravitational pull of no earning prospects provides little support to the stock.</li>  <li>A century-old cautionary tale for speculators counting on a short squeeze.</li>  <li>Sell before the other speculators do.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabb985556b9f549dd561bf919495d08\" tg-width=\"768\" tg-height=\"513\"><span>RgStudio/E+ via Getty Images</span></p><p><blockquote><ul><li>我站在巨人的肩膀上，在AMC上指导你。</li><li>对于投资者来说，没有盈利前景的引力对该股几乎没有支撑。</li><li>对于指望轧空的投机者来说，这是一个百年的警示故事。</li><li>在其他投机者之前卖出。</li></ul><p class=\"t-img-caption\"><span>RgStudio/E+来自Getty Images</span></p></blockquote></p><p> What are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “<i>If I have seen a little further it is by standing on the shoulders of Giants.</i>” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer for<i>The Wall Street Journal</i>, and John Brooks, author of “<i>Business Adventures</i>”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.</p><p><blockquote>我们如何看待模因股票现象？几周前，我与AMC院线控股公司（纽约证券交易所股票代码：AMC）一起尝试了一下。在读了两篇有趣的文章后，我回来看更多。正如艾萨克·牛顿在1676年所说，“<i>如果说我看得更远了一点，那就是站在巨人的肩膀上。</i>“现在我不是艾萨克·牛顿了。首先，我看起来好多了。但就像齐克一样——艾萨克的朋友们可能从未使用过这个昵称——我也站在巨人的肩膀上。在这种情况下，杰森·茨威格（Jason Zweig）是一位出色的金融市场作家<i>华尔街日报</i>，以及约翰·布鲁克斯，《<i>商业冒险</i>》，比尔盖茨推荐的一本书。我将在本文中大量引用两者，然后为您划清界限AMC。</blockquote></p><p> <b>Investor vs. trader vs. speculator</b></p><p><blockquote><b>投资者、交易者、投机者</b></blockquote></p><p> Jason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021<i>Wall Street Journal</i>column:</p><p><blockquote>Jason Zweig在他的2021年6月11日以图形方式区分了这三种类型的股票买家<i>华尔街日报</i>柱：</blockquote></p><p>   “  <i>Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”</i>  So why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assets<i>never</i>came up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.</p><p><blockquote>“<i>每当你因为有预感或只是为了好玩而购买任何金融资产，或者因为某个名人正在大肆宣传，或者其他人似乎也在购买它，你就不是在投资。你绝对是一个交易者：刚刚购买了一项资产的人。你可能是一个投机者：认为其他人会比你支付更多的钱。”“投资者依赖内部回报来源：收益、收入、资产价值的增长。投机者依赖外部回报来源：主要是其他人是否会支付更多，而不考虑基本价值。”</i>那么为什么AMC的股价一直在上涨呢？我有一个非正式的数据来源，即我6月4日AMC文章的300多条评论。收益，收入，资产价值的增长<i>没有</i>上来了。出现的是“轧空”和股票图表。因此，我预计茨威格先生会将AMC的股票描述为由交易员和投机者推动的。</blockquote></p><p> Mr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.</p><p><blockquote>茨威格先生还让我意识到，我的AMC文章遗漏了盈利预测。我给出了很多关于历史趋势的数据，这些数据只是暗示了未来的方向。我在这里纠正这个遗漏。</blockquote></p><p> <b>A 2022 AMC earnings forecast</b></p><p><blockquote><b>2022年AMC盈利预测</b></blockquote></p><p> I start with the key assumptions:</p><p><blockquote>我从关键假设开始：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f5311cb0ff00c046d122c2c84fc3aea\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>My time frame for reference</i>&nbsp;is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.</p><p><blockquote><i>我的参考时间框架</i>是2017年到2019年。早期的数据相关性较低，因为AMC在2016年进行了一项大型收购，而2020年和2021年的数据则因为新冠疫情而相关性更低。</blockquote></p><p> <i>The national box office</i>is the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.</p><p><blockquote><i>全国票房</i>是主要假设。我6月4日的文章显示，自2002年以来，电影上座率一直在下降。明年票房会是多少？流媒体在订户和内容方面的稳定增长无疑是一个阻力。从逻辑上讲，COVID应该增加从场外（剧院）娱乐到家庭娱乐的转变，就像购物和工作一样。保持电影上座率接近19年的水平将是一个小小的奇迹。下降10%，甚至20%的可能性要大得多。如上表所示，我使用所有三种票房假设对2022年AMC每股收益进行预测。</blockquote></p><p> <b><i>AMC market share.</i></b>I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.</p><p><blockquote><b><i>AMC市场份额。</i></b>我假设AMC的份额会比17-19年的水平有所增加，因为一些竞争影院肯定因新冠疫情的财务压力而退出。</blockquote></p><p> <b><i>Admissions gross margin.</i></b>This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.</p><p><blockquote><b><i>招生毛利率。</i></b>这是门票销售的利润减去制片人授权电影的成本。我认为AMC在17-19年保持稳定，但我也可以想象电影制片人会寻求更好的条款，因为AMC必须与越来越多渴望内容的流媒体服务竞标。</blockquote></p><p> <b><i>Food expenses as a percent of sales.</i></b>I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs and<i>multiply them by 7 in their pricing to us moviegoers.</i>Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.</p><p><blockquote><b><i>食品费用占销售额的百分比。</i></b>我继承了低得惊人的数字。AMC，大概还有它的同行，承担他们的食品和饮料成本和<i>将它们对美国电影观众的定价乘以7。</i>走私你自己的Jujifruits，省下一捆。我今年最好的理财建议。</blockquote></p><p> <b><i>Food and beverage sales as a percent of ticket prices.</i></b>I assume that AMC’s trend of modest increases continues.</p><p><blockquote><b><i>食品和饮料销售额占票价的百分比。</i></b>我认为AMC小幅上涨的趋势仍在继续。</blockquote></p><p> <b><i>Operating expenses</i></b>are the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.</p><p><blockquote><b><i>营业费用</i></b>是剧院人员、公用事业等的成本。我认为运营费用率的逐步上升趋势仍在继续，原因有二。第一，这些运营费用基本上是固定的，收入将面临压力。其次，当前的劳动力短缺将给低端剧院工作的薪酬水平带来压力，这似乎是合乎逻辑的。</blockquote></p><p></p><p> We’re now ready for my earnings and cash flow models:</p><p><blockquote>我们现在已经为我的盈利和现金流模型做好了准备：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9b8a5ce8ad10adb3336126cdb0a5e598\" tg-width=\"537\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:</p><p><blockquote>22年的预测是根据上述假设通过“毛利润”线设定的。我的管理费用预测假设AMC正在努力限制费用度过充满挑战的时期：</blockquote></p><p> <ul>  <li><i>Depreciation/amortization</i>is a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.</li>  <li><i>Interest expense</i>should decline as AMC pays down some debt with the equity it has been raising.</li> </ul> <b>The gravitational pull of earnings</b></p><p><blockquote><ul><li><i>折旧/摊销</i>是房地产和收购的会计费用的组合。疫情期间进行的减记本应减少这些费用。</li><li><i>利息支出</i>随着AMC用其筹集的股权偿还部分债务，这一数字应该会下降。</li></ul><b>盈利的引力</b></blockquote></p><p> We arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.</p><p><blockquote>我们到达了底线。我能看到的2022年每股收益的最佳情况是大致盈亏平衡。更有可能的是适度的损失。现金流应该会更糟，因为AMC保持其影院对不断萎缩的观众的吸引力所需的现金资本支出应该超过其非现金折旧/摊销费用。如果资本支出远低于我的预测，可能是因为AMC管理层承认自己正处于死亡螺旋之中，并希望尽可能榨取现金。</blockquote></p><p> <i>The bottom line - no support for investors.</i>AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words of<i>Trading Places</i>, “Sell Mortimer, sell!”</p><p><blockquote><i>底线——不支持投资者。</i>AMC的账面价值为负。在COVID之后，它似乎无法赚取任何物质收入。其业务因技术变革而长期下滑，新的竞争对手是拥有巨大资源的怪兽公司——Netflix、迪士尼、康卡斯特等。投资者只能看着AMC目前55美元的股价，不寒而栗地说，用不朽的话来说<i>交易场所</i>、“卖莫蒂默，卖！”</blockquote></p><p> <b>The speculative play - a short squeeze: A historical cautionary tale</b></p><p><blockquote><b>投机游戏——轧空：历史警示</b></blockquote></p><p> Millennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The book<i>Business Adventures</i>by John Brooks<i>,</i>published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.</p><p><blockquote>千禧一代并没有发明轧空。它几乎和金融市场存在的时间一样长。这本书<i>商业冒险</i>约翰·布鲁克斯<i>,</i>早在1969年就出版了，生动地讲述了20世纪20年代初的空头挤压故事。一个世纪前。我将引用书中的话来说明在没有投资者支持的情况下，投机的故事将如何结束。所以，给自己倒点非法烈酒（我们正走向禁酒令时代），继续读下去。这是第一家超市Piggly Wiggly Stores的创始人克拉伦斯·桑德斯的故事；他那个时代的亚马逊。</blockquote></p><p> Shorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:</p><p><blockquote>1922年，空头追捧克拉伦斯的股票，将其从50美元推至40美元以下。桑德斯发誓要用空头挤压进行报复。以下是布鲁克斯先生讲述这个故事的摘录：</blockquote></p><p>   “  <i>Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…</i>”  The sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.</p><p><blockquote>“<i>桑德斯……购买了33,000股Piggly Wiggly股票，大部分来自卖空者；不到一周，他就将总数增加到了10.5万股——超过了20万股已发行股票的一半。桑德斯购买活动的有效性显而易见；到1923年1月下旬，它已将价格推高了60多美元……</i>“昔日唯一的空头挤压者如今已被成群的“猿”所取代，而猿在推高价格方面要好得多。顺便说一句，信不信由你，一群猿显然被称为“精明”。一群猿很精明——有意思。</blockquote></p><p>   “  <i>He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”</i>  Today we have apes sticking it to hedge funds.</p><p><blockquote>“<i>他赚了一大笔钱，证明了一个贫穷的南方男孩是如何教训城市里的狡猾分子的。”</i>今天，我们有猿类坚持对冲基金。</blockquote></p><p>   “  <i>One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.</i>”  Something to think about. What was Saunders to do?</p><p><blockquote>“<i>角落里最大的危险之一总是，即使一个玩家可能会击败他的对手，他也会发现他赢得了一场得不偿失的胜利。一旦卖空者被榨干，卖空者可能会发现他在这个过程中积累的大量股票是他脖子上的沉重负担；通过将其全部推回市场，他会将其价格降至零。</i>“值得思考的事情。桑德斯该怎么办？</blockquote></p><p>   “[  <i>Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments</i>.”  Pretty clever, no? No:</p><p><blockquote>“[<i>桑德斯的解决方案是出售分期付款计划中价值55美元的股票。在他二月份的广告中，他规定公众只需支付25美元的首付，余款分三期支付10美元即可购买股票</i>“很聪明，不是吗？没有：</blockquote></p><p>   “  <i>At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”</i>  Uh oh. What now?</p><p><blockquote>“<i>在第三天结束时，认购的股份总数仍低于2.5万股，所做的卖出被取消。桑德斯不得不承认这次旅行是失败的。”</i>呃哦。现在怎么办？</blockquote></p><p>   <i>“On August 22nd, the New York auction firm of Adrian H. Muller &amp; Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”</i>  Ouch.</p><p><blockquote><i>“8月22日，Adrian H.Muller&amp;Son的纽约拍卖公司……以每股1美元的价格拍卖了1,500股Piggly Wiggly股票……第二年春天，Saunders进入了正式破产程序。”</i>哎哟。</blockquote></p><p> <b>Buyers beware</b></p><p><blockquote><b>买家当心</b></blockquote></p><p> As Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?</p><p><blockquote>正如杰森·茨威格上面指出的，投机者依赖于以更高的价格找到买家。如今AMC股票的持有者无疑让许多卖空者的生活变得痛苦。但真的有足够多的新买家来收购AMC目前280亿美元市值以上的现有股东吗？尤其是在没有盈利的情况下不断给股票带来压力的情况下？</blockquote></p><p></p><p> AMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.</p><p><blockquote>AMC股东们，不要赢得克拉伦斯·桑德斯得不偿失的胜利。拿着每股55美元跑吧。快的。在其他投机持有者首先这样做之前。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators\">seekingalpha</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":{"AMC":"AMC院线"},"source_url":"https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131310015","content_text":"Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pull of no earning prospects provides little support to the stock.\nA century-old cautionary tale for speculators counting on a short squeeze.\nSell before the other speculators do.\n\nRgStudio/E+ via Getty Images\nWhat are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “If I have seen a little further it is by standing on the shoulders of Giants.” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer forThe Wall Street Journal, and John Brooks, author of “Business Adventures”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.\nInvestor vs. trader vs. speculator\nJason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021Wall Street Journalcolumn:\n\n “\n Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”\n\nSo why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assetsnevercame up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.\nMr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.\nA 2022 AMC earnings forecast\nI start with the key assumptions:\n\nMy time frame for reference is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.\nThe national box officeis the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.\nAMC market share.I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.\nAdmissions gross margin.This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.\nFood expenses as a percent of sales.I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs andmultiply them by 7 in their pricing to us moviegoers.Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.\nFood and beverage sales as a percent of ticket prices.I assume that AMC’s trend of modest increases continues.\nOperating expensesare the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.\nWe’re now ready for my earnings and cash flow models:\n\nThe ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:\n\nDepreciation/amortizationis a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.\nInterest expenseshould decline as AMC pays down some debt with the equity it has been raising.\n\nThe gravitational pull of earnings\nWe arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.\nThe bottom line - no support for investors.AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words ofTrading Places, “Sell Mortimer, sell!”\nThe speculative play - a short squeeze: A historical cautionary tale\nMillennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The bookBusiness Adventuresby John Brooks,published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.\nShorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:\n\n “\n Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…”\n\nThe sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.\n\n “\n He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”\n\nToday we have apes sticking it to hedge funds.\n\n “\n One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.”\n\nSomething to think about. What was Saunders to do?\n\n “[\n Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments.”\n\nPretty clever, no? No:\n\n “\n At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”\n\nUh oh. What now?\n\n“On August 22nd, the New York auction firm of Adrian H. Muller & Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”\n\nOuch.\nBuyers beware\nAs Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?\nAMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. 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href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>@AMC逆转人生，收到请回复","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>@AMC逆转人生，收到请回复","text":"$AMC院线(AMC)$@AMC逆转人生，收到请回复","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/848300657","isVote":1,"tweetType":1,"viewCount":5461,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"content":"连评论都看不见了，这合规审查这么严的吗？","text":"连评论都看不见了，这合规审查这么严的吗？","html":"连评论都看不见了，这合规审查这么严的吗？"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600422753,"gmtCreate":1638190953458,"gmtModify":1638190953458,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"没底线的机构，竟然拿养老金乱玩，完全不顾老虎各个资深股友的分析","listText":"没底线的机构，竟然拿养老金乱玩，完全不顾老虎各个资深股友的分析","text":"没底线的机构，竟然拿养老金乱玩，完全不顾老虎各个资深股友的分析","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/600422753","repostId":"1166515507","repostType":2,"repost":{"id":"1166515507","kind":"news","pubTimestamp":1638190330,"share":"https://www.laohu8.com/m/news/1166515507?lang=zh_CN&edition=full","pubTime":"2021-11-29 20:52","market":"us","language":"en","title":"Giant U.S. Pension Bought AMC, Snowflake, and Tilray. It sold Berkshire Hathaway.<blockquote>美国养老金巨头收购了AMC、Snowflake和Tilray。它出售了伯克希尔哈撒韦公司。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166515507","media":"Barrons","summary":"The second-largest public pension by assets in the U.S. increased its stake in one of the year’s mos","content":"<p>The second-largest public pension by assets in the U.S. increased its stake in one of the year’s most-volatile stocks, initiated a position in a marijuana grower, and trimmed its exposure to Warren Buffett.</p><p><blockquote>美国资产第二大公共养老金增持了今年波动最大的股票之一的股份，建仓了一家大麻种植商，并削减了对沃伦·巴菲特的投资。</blockquote></p><p> The California State Teachers’ Retirement System bought more shares of movie-theater chain&nbsp;AMC Entertainment Holdings&nbsp;(ticker: AMC) and analytics-software firm&nbsp;Snowflake&nbsp;(SNOW), acquired shares of the cannabis producer Tilray (TLRY), and reduced its holdings in&nbsp;Berkshire Hathaway&nbsp;(BRKb), Buffett’s investment juggernaut. Calstrs, as the pension is known, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.</p><p><blockquote>加州教师退休系统购买了更多连锁电影院AMC院线控股公司（股票代码：AMC）和分析软件公司Snowflake（SNOW）的股票，收购了大麻生产商Tilray（TLRY）的股票，并减持了伯克希尔哈撒韦公司（BRKb），巴菲特的投资巨头。Calstrs（养老金）在向美国证券交易委员会提交的表格中披露了股票交易等。</blockquote></p><p> Calstrs said it doesn’t comment on its holdings or on individual investment managers. The pension managed $321.9 billion in assets as of Oct. 31.</p><p><blockquote>Calstrs表示，不对其持股或个别投资经理发表评论。截至10月31日，该养老金管理着3219亿美元的资产。</blockquote></p><p> Calstrs bought 133,512 more shares of AMC to end the third quarter with 689,917 shares. AMC’s stock price rocketed nearly 19-fold in the first nine months of the year, and so far in the fourth quarter shares are down 1%. For comparison, the&nbsp;S&amp;P 500 index&nbsp;rose 15% in the first nine months, and has gained 6.7% so far in the fourth quarter.</p><p><blockquote>Calstrs又购买了133,512股AMC股票，第三季度末持有689,917股。AMC的股价在今年前9个月飙升了近19倍，第四季度迄今为止股价下跌了1%。相比之下，标普500指数前9个月上涨15%，第四季度迄今已上涨6.7%。</blockquote></p><p> AMC stock caught fire during the meme-stock frenzy early in the year, when small investors communicating via social media bought shares of beaten-down companies in hopes of triggering gains that would force people who had bet against those stocks to buy in order to close their bets. The trend led to a surge in volatility that prompted the Federal Reserve to warn this month that meme-stock related market swings could be a risk to the financial system. AMC’s third-quarter results were better than expected, and the chain is now accepting cryptocurrencies for online payments.</p><p><blockquote>AMC股票在今年早些时候的模因股票狂潮中走红，当时通过社交媒体交流的小投资者购买了遭受重创的公司的股票，希望引发上涨，迫使那些做空这些股票的人买入，以便关闭他们的赌注。这一趋势导致波动性激增，促使美联储本月警告称，与模因股票相关的市场波动可能对金融体系构成风险。AMC第三季度业绩好于预期，该连锁店现在接受加密货币进行在线支付。</blockquote></p><p> The pension bought 347,900 Tilray shares in the third quarter; at the end of the second, it hadn’t owned any. Tilray stock rose 37% in the first nine months of the year, and so far in the fourth quarter shares are down 6.4%.</p><p><blockquote>养老金在第三季度购买了34.79万股Tilray股票；在第二秒结束时，它没有拥有任何东西。Tilray股价今年前9个月上涨了37%，第四季度迄今为止股价下跌了6.4%。</blockquote></p><p> In early October, Tilray reported a wider-than-expected loss for the fiscal first quarter. Recent legislative proposals, including one that would decriminalize pot at the federal level have lifted Tilray and its peers. The legal-pot sector, however, saw layoffs during the Covid-19 pandemic.</p><p><blockquote>10月初，Tilray公布第一财季亏损超出预期。最近的立法提案，包括在联邦层面将大麻合法化的提案，让Tilray及其同行感到振奋。然而，合法大麻行业在新冠肺炎疫情期间出现了裁员。</blockquote></p><p> Snowflake stock rose 7.5% in the first nine months of the year, and so far in the fourth quarter shares have gained 20%. The gain could have been bigger, but Snowflake and other cloud-software peers slipped after President Joe Biden nominated Federal Reserve Board Chair Jerome Powell to another four-year term. Interest rates rose in the wake of the nomination, tempering enthusiasm for richly valued, high-growth stocks.</p><p><blockquote>Snowflake股价今年前9个月上涨7.5%，第四季度迄今为止股价已上涨20%。涨幅本可以更大，但在总统乔·拜登提名美联储主席杰罗姆·鲍威尔连任四年后，Snowflake和其他云软件同行股价下跌。提名后利率上升，抑制了人们对高估值、高增长股票的热情。</blockquote></p><p> The company reported a mixed second quarter in August, and Snowflake will report its third quarter after the market close on Dec. 1.</p><p><blockquote>该公司8月份公布的第二季度业绩好坏参半，Snowflake将于12月1日收盘后公布第三季度业绩。</blockquote></p><p> Calstrs bought 119,934 additional Snowflake shares to end the third quarter with 328,801 shares.</p><p><blockquote>Calstrs额外购买了119,934股Snowflake股票，第三季度末持有328,801股。</blockquote></p><p> The pension sold 511,630 class B shares of Berkshire Hathaway to end the third quarter with 2.9 million shares of Buffett’s firm. Shares rose 18% in the first nine months of the year, and so far in the fourth quarter they have gained 3.7%.</p><p><blockquote>截至第三季度末，该养老金出售了511,630股伯克希尔哈撒韦公司B类股票，其中290万股巴菲特公司股票。今年前9个月股价上涨18%，第四季度迄今已上涨3.7%。</blockquote></p><p> Berkshire Hathaway disclosed that it had a record $149 billion in cash at the end of September. Buffett and John Malone—two billionaires skilled in tax-efficient transactions—recently did a stock swap. During the third quarter, Berkshire Hathaway itself sold Big Pharma stock.</p><p><blockquote>伯克希尔哈撒韦公司披露，截至9月底，该公司拥有创纪录的1490亿美元现金。巴菲特和约翰·马龙——两位擅长节税交易的亿万富翁——最近进行了股票互换。第三季度，伯克希尔哈撒韦公司本身出售了大型制药公司的股票。</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>Giant U.S. Pension Bought AMC, Snowflake, and Tilray. It sold Berkshire Hathaway.<blockquote>美国养老金巨头收购了AMC、Snowflake和Tilray。它出售了伯克希尔哈撒韦公司。</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\">\nGiant U.S. Pension Bought AMC, Snowflake, and Tilray. It sold Berkshire Hathaway.<blockquote>美国养老金巨头收购了AMC、Snowflake和Tilray。它出售了伯克希尔哈撒韦公司。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-29 20:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The second-largest public pension by assets in the U.S. increased its stake in one of the year’s most-volatile stocks, initiated a position in a marijuana grower, and trimmed its exposure to Warren Buffett.</p><p><blockquote>美国资产第二大公共养老金增持了今年波动最大的股票之一的股份，建仓了一家大麻种植商，并削减了对沃伦·巴菲特的投资。</blockquote></p><p> The California State Teachers’ Retirement System bought more shares of movie-theater chain&nbsp;AMC Entertainment Holdings&nbsp;(ticker: AMC) and analytics-software firm&nbsp;Snowflake&nbsp;(SNOW), acquired shares of the cannabis producer Tilray (TLRY), and reduced its holdings in&nbsp;Berkshire Hathaway&nbsp;(BRKb), Buffett’s investment juggernaut. Calstrs, as the pension is known, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.</p><p><blockquote>加州教师退休系统购买了更多连锁电影院AMC院线控股公司（股票代码：AMC）和分析软件公司Snowflake（SNOW）的股票，收购了大麻生产商Tilray（TLRY）的股票，并减持了伯克希尔哈撒韦公司（BRKb），巴菲特的投资巨头。Calstrs（养老金）在向美国证券交易委员会提交的表格中披露了股票交易等。</blockquote></p><p> Calstrs said it doesn’t comment on its holdings or on individual investment managers. The pension managed $321.9 billion in assets as of Oct. 31.</p><p><blockquote>Calstrs表示，不对其持股或个别投资经理发表评论。截至10月31日，该养老金管理着3219亿美元的资产。</blockquote></p><p> Calstrs bought 133,512 more shares of AMC to end the third quarter with 689,917 shares. AMC’s stock price rocketed nearly 19-fold in the first nine months of the year, and so far in the fourth quarter shares are down 1%. For comparison, the&nbsp;S&amp;P 500 index&nbsp;rose 15% in the first nine months, and has gained 6.7% so far in the fourth quarter.</p><p><blockquote>Calstrs又购买了133,512股AMC股票，第三季度末持有689,917股。AMC的股价在今年前9个月飙升了近19倍，第四季度迄今为止股价下跌了1%。相比之下，标普500指数前9个月上涨15%，第四季度迄今已上涨6.7%。</blockquote></p><p> AMC stock caught fire during the meme-stock frenzy early in the year, when small investors communicating via social media bought shares of beaten-down companies in hopes of triggering gains that would force people who had bet against those stocks to buy in order to close their bets. The trend led to a surge in volatility that prompted the Federal Reserve to warn this month that meme-stock related market swings could be a risk to the financial system. AMC’s third-quarter results were better than expected, and the chain is now accepting cryptocurrencies for online payments.</p><p><blockquote>AMC股票在今年早些时候的模因股票狂潮中走红，当时通过社交媒体交流的小投资者购买了遭受重创的公司的股票，希望引发上涨，迫使那些做空这些股票的人买入，以便关闭他们的赌注。这一趋势导致波动性激增，促使美联储本月警告称，与模因股票相关的市场波动可能对金融体系构成风险。AMC第三季度业绩好于预期，该连锁店现在接受加密货币进行在线支付。</blockquote></p><p> The pension bought 347,900 Tilray shares in the third quarter; at the end of the second, it hadn’t owned any. Tilray stock rose 37% in the first nine months of the year, and so far in the fourth quarter shares are down 6.4%.</p><p><blockquote>养老金在第三季度购买了34.79万股Tilray股票；在第二秒结束时，它没有拥有任何东西。Tilray股价今年前9个月上涨了37%，第四季度迄今为止股价下跌了6.4%。</blockquote></p><p> In early October, Tilray reported a wider-than-expected loss for the fiscal first quarter. Recent legislative proposals, including one that would decriminalize pot at the federal level have lifted Tilray and its peers. The legal-pot sector, however, saw layoffs during the Covid-19 pandemic.</p><p><blockquote>10月初，Tilray公布第一财季亏损超出预期。最近的立法提案，包括在联邦层面将大麻合法化的提案，让Tilray及其同行感到振奋。然而，合法大麻行业在新冠肺炎疫情期间出现了裁员。</blockquote></p><p> Snowflake stock rose 7.5% in the first nine months of the year, and so far in the fourth quarter shares have gained 20%. The gain could have been bigger, but Snowflake and other cloud-software peers slipped after President Joe Biden nominated Federal Reserve Board Chair Jerome Powell to another four-year term. Interest rates rose in the wake of the nomination, tempering enthusiasm for richly valued, high-growth stocks.</p><p><blockquote>Snowflake股价今年前9个月上涨7.5%，第四季度迄今为止股价已上涨20%。涨幅本可以更大，但在总统乔·拜登提名美联储主席杰罗姆·鲍威尔连任四年后，Snowflake和其他云软件同行股价下跌。提名后利率上升，抑制了人们对高估值、高增长股票的热情。</blockquote></p><p> The company reported a mixed second quarter in August, and Snowflake will report its third quarter after the market close on Dec. 1.</p><p><blockquote>该公司8月份公布的第二季度业绩好坏参半，Snowflake将于12月1日收盘后公布第三季度业绩。</blockquote></p><p> Calstrs bought 119,934 additional Snowflake shares to end the third quarter with 328,801 shares.</p><p><blockquote>Calstrs额外购买了119,934股Snowflake股票，第三季度末持有328,801股。</blockquote></p><p> The pension sold 511,630 class B shares of Berkshire Hathaway to end the third quarter with 2.9 million shares of Buffett’s firm. Shares rose 18% in the first nine months of the year, and so far in the fourth quarter they have gained 3.7%.</p><p><blockquote>截至第三季度末，该养老金出售了511,630股伯克希尔哈撒韦公司B类股票，其中290万股巴菲特公司股票。今年前9个月股价上涨18%，第四季度迄今已上涨3.7%。</blockquote></p><p> Berkshire Hathaway disclosed that it had a record $149 billion in cash at the end of September. Buffett and John Malone—two billionaires skilled in tax-efficient transactions—recently did a stock swap. During the third quarter, Berkshire Hathaway itself sold Big Pharma stock.</p><p><blockquote>伯克希尔哈撒韦公司披露，截至9月底，该公司拥有创纪录的1490亿美元现金。巴菲特和约翰·马龙——两位擅长节税交易的亿万富翁——最近进行了股票互换。第三季度，伯克希尔哈撒韦公司本身出售了大型制药公司的股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/amc-stock-snowflake-tilray-berkshire-hathaway-51637699576?mod=hp_LATEST\">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":{"BRK.A":"伯克希尔","SNOW":"Snowflake","AMC":"AMC院线","BRK.B":"伯克希尔B","TLRY":"Tilray Inc."},"source_url":"https://www.barrons.com/articles/amc-stock-snowflake-tilray-berkshire-hathaway-51637699576?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166515507","content_text":"The second-largest public pension by assets in the U.S. increased its stake in one of the year’s most-volatile stocks, initiated a position in a marijuana grower, and trimmed its exposure to Warren Buffett.\nThe California State Teachers’ Retirement System bought more shares of movie-theater chain AMC Entertainment Holdings (ticker: AMC) and analytics-software firm Snowflake (SNOW), acquired shares of the cannabis producer Tilray (TLRY), and reduced its holdings in Berkshire Hathaway (BRKb), Buffett’s investment juggernaut. Calstrs, as the pension is known, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.\nCalstrs said it doesn’t comment on its holdings or on individual investment managers. The pension managed $321.9 billion in assets as of Oct. 31.\nCalstrs bought 133,512 more shares of AMC to end the third quarter with 689,917 shares. AMC’s stock price rocketed nearly 19-fold in the first nine months of the year, and so far in the fourth quarter shares are down 1%. For comparison, the S&P 500 index rose 15% in the first nine months, and has gained 6.7% so far in the fourth quarter.\nAMC stock caught fire during the meme-stock frenzy early in the year, when small investors communicating via social media bought shares of beaten-down companies in hopes of triggering gains that would force people who had bet against those stocks to buy in order to close their bets. The trend led to a surge in volatility that prompted the Federal Reserve to warn this month that meme-stock related market swings could be a risk to the financial system. AMC’s third-quarter results were better than expected, and the chain is now accepting cryptocurrencies for online payments.\nThe pension bought 347,900 Tilray shares in the third quarter; at the end of the second, it hadn’t owned any. Tilray stock rose 37% in the first nine months of the year, and so far in the fourth quarter shares are down 6.4%.\nIn early October, Tilray reported a wider-than-expected loss for the fiscal first quarter. Recent legislative proposals, including one that would decriminalize pot at the federal level have lifted Tilray and its peers. The legal-pot sector, however, saw layoffs during the Covid-19 pandemic.\nSnowflake stock rose 7.5% in the first nine months of the year, and so far in the fourth quarter shares have gained 20%. The gain could have been bigger, but Snowflake and other cloud-software peers slipped after President Joe Biden nominated Federal Reserve Board Chair Jerome Powell to another four-year term. Interest rates rose in the wake of the nomination, tempering enthusiasm for richly valued, high-growth stocks.\nThe company reported a mixed second quarter in August, and Snowflake will report its third quarter after the market close on Dec. 1.\nCalstrs bought 119,934 additional Snowflake shares to end the third quarter with 328,801 shares.\nThe pension sold 511,630 class B shares of Berkshire Hathaway to end the third quarter with 2.9 million shares of Buffett’s firm. Shares rose 18% in the first nine months of the year, and so far in the fourth quarter they have gained 3.7%.\nBerkshire Hathaway disclosed that it had a record $149 billion in cash at the end of September. Buffett and John Malone—two billionaires skilled in tax-efficient transactions—recently did a stock swap. During the third quarter, Berkshire Hathaway itself sold Big Pharma stock.","news_type":1,"symbols_score_info":{"BRK.A":0.9,"AMC":0.9,"SNOW":0.9,"TLRY":0.9,"BRK.B":0.9}},"isVote":1,"tweetType":1,"viewCount":4110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":889466826,"gmtCreate":1631171014565,"gmtModify":1631171014565,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"Fool","listText":"Fool","text":"Fool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/889466826","repostId":"1174332657","repostType":2,"repost":{"id":"1174332657","kind":"news","pubTimestamp":1631168952,"share":"https://www.laohu8.com/m/news/1174332657?lang=zh_CN&edition=full","pubTime":"2021-09-09 14:29","market":"us","language":"en","title":"Why AMC, Clover, and Other Meme Stocks Tumbled On Wednesday<blockquote>为什么AMC、Clover和其他模因股票周三暴跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174332657","media":"Motley Fool","summary":"The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.","content":"<p>The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.</p><p><blockquote>个人投资者群体可以始终如一地组织努力推动股价上涨的观念开始崩溃。在某些时候，公司必须证明其股票的价值。而且，在某些时候，人们会想要获利了结。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> Shares of&nbsp;<b>AMC Entertainment Holdings</b>(NYSE:AMC),<b>Skillz</b>(NYSE:SKLZ), and&nbsp;<b>Tonix Pharmaceuticals</b>(NASDAQ:TNXP)&nbsp;fell 0.9%, 8.3%, and 4.2% as of closed on Wednesday, with the fickle meme stock trading crowd reversing recent bullishness. Leading the charge for today's rout, however, is&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV), down 12.5%.</p><p><blockquote>本公司之股份<b>AMC院线控股</b>（纽约证券交易所代码：AMC），<b>斯基尔茨</b>（纽约证券交易所代码：SKLZ），以及<b>Tonix制药公司</b>（纳斯达克：TNXP）截至周三收盘分别下跌0.9%、8.3%和4.2%，善变的meme股票交易人群扭转了近期的看涨情绪。然而，导致今天溃败的是<b>三叶草健康投资</b>（纳斯达克：CLOV），下跌12.5%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> If you're looking for the headlines behind the moves, don't bother. There aren't any.</p><p><blockquote>如果您正在寻找这些举措背后的头条新闻，请不要费心。没有。</blockquote></p><p> As has been the case for the past few months, traders looking for a speculative edge are simply gathering around these stocks in an effort to collectively create the price action they desire, often by creating memes regarding these companies. Such efforts cause incredible price volatility.</p><p><blockquote>正如过去几个月的情况一样，寻求投机优势的交易者只是聚集在这些股票周围，努力共同创造他们想要的价格走势，通常是通过创造有关这些公司的模因。这种努力会导致令人难以置信的价格波动。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ba4680fa5e89ea08b364002d70d086f\" tg-width=\"2000\" tg-height=\"1201\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Many of these names -- like Clover this week -- have also been recently targeted as short-squeeze candidates. That's not a terribly bad bet right now either, to be fair, in that more than 7% of the outstanding shares of the&nbsp;health insurance&nbsp;company are currently tied up in short trades. That's enough short positions to prospectively spark en masse buying that drives the price sharply higher,<i>if</i>those short-sellers start becoming unnerved by a bit of bullishness. Tuesday's 15% jump for Clover shares didn't do the trick, however, with most of that gain being given back today.</p><p><blockquote>其中许多名字——比如本周的Clover——最近也成为轧空候选者的目标。公平地说，目前这也不是一个非常糟糕的赌注，因为这家健康保险公司超过7%的已发行股票目前被空头交易所束缚。这足以引发大规模买盘，从而推动价格大幅走高，<i>如果</i>那些卖空者开始对一点看涨情绪感到不安。然而，Clover股价周二上涨15%并没有起到作用，大部分涨幅今天被回吐。</blockquote></p><p> Shares of movie theater chain AMC Entertainment aren't really helping the broader bullish effort either. While one would expect this king of all meme stocks to soar following reports of&nbsp;record-breaking&nbsp;Labor Day weekend box office ticket sales, a bit of Tuesday's near-9% gain from AMC shares is also unwinding with Wednesday's1% sell-off. While that's hardly a devastating setback, the failure to follow through on Tuesday's advance is telling in and of itself.</p><p><blockquote>连锁电影院AMC院线的股票也没有真正帮助更广泛的看涨努力。虽然人们预计这只模因股之王在劳动节周末票房销售破纪录的报道后将飙升，但AMC股价周二近9%的涨幅也随着周三1%的抛售而回落。虽然这算不上是一个毁灭性的挫折，但未能坚持周二的进展本身就很能说明问题。</blockquote></p><p> Of course, the broad market's sell-off today is also creating a headwind for these well-known meme stocks.</p><p><blockquote>当然，今天大盘的抛售也给这些知名模因股带来了阻力。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The advent of&nbsp;meme stock&nbsp;mania (and in particular, organized efforts to spark short squeezes) comes as no real surprise. If you give enough people enough time and the means of doing so, it's reasonable to expect them to capitalize on an opportunity -- including one they must plan out on one of the internet's more popular message boards. A little success on this front early this year prompted the trading crowd to replicate the effort.</p><p><blockquote>模因股票狂热的出现（特别是有组织地引发轧空的努力）并不令人意外。如果你给足够多的人足够的时间和手段，期望他们利用一个机会是合理的——包括一个他们必须在互联网上更受欢迎的留言板上计划的机会。今年早些时候在这方面取得的一点成功促使交易人群复制了这一努力。</blockquote></p><p> Regardless of the strategy's previous effectiveness, however, meme stock mania is losing steam. Not only are hedge funds and other managed investment pools now shoring up their risk exposure to short squeezes, traders are also running out of stocks they can push around.</p><p><blockquote>然而，无论该策略之前的有效性如何，模因股票狂热正在失去动力。不仅对冲基金和其他管理投资池现在正在支撑其空头挤压的风险敞口，交易员也正在耗尽他们可以出售的股票。</blockquote></p><p> They're also running out of other buyers and bullish arguments.</p><p><blockquote>他们也没有其他买家和看涨论据。</blockquote></p><p> See, for most meme stocks to continue their rallies, new buyers must bring new money to the table to purchase shares from traders that have already scooped up the stock and are now looking to lock in a sizable profit. Enough people were willing to take such a swing early in the year when AMC was trading around $2 per share. Now that it's trading at more than $46 per share, however, would-be buyers are considerably less interested. Underscoring this idea is the fact that shares of Tonix Pharmaceuticals and Clover Health have yet to respond to the same rally driving strategies that -- at least for a while -- buoyed AMC stock. In a similar vein, Skillz shares have also stopped responding to the bullish prompts that drove the stock from around $11 per share in November of last year to February's high in excess of $46. They're now back near $11, unable to keep a rally going.</p><p><blockquote>看，为了让大多数模因股票继续上涨，新买家必须带来新资金，从已经买入该股票并希望锁定可观利润的交易者那里购买股票。今年年初，当AMC的股价约为每股2美元时，有足够多的人愿意采取这样的举措。然而，现在它的交易价格超过每股46美元，潜在买家的兴趣大大降低。Tonix Pharmaceuticals和Clover Health的股价尚未对至少在一段时间内提振AMC股票的相同反弹驱动策略做出反应，这一事实凸显了这一想法。同样，Skillz的股价也不再对看涨提示做出反应，这些提示将该股从去年11月的每股11美元左右推高至2月份超过46美元的高点。它们现在回到了11美元附近，无法继续上涨。</blockquote></p><p> There's something of a litmus test for the entire meme stock movement due this afternoon. Another meme stock company,<b>GameStop</b>(NYSE:GME), is slated to report its fiscal second-quarter numbers after today's closing bell rings. The numbers are important. But even more important is whether or not the trading crowd relaying on the web's popular message boards will be able to convince others to start and sustain a rally from GameStop. If it can, other meme stocks like AMC and Clover will remain at least somewhat in play. If it can't, it may well be a sign that the underlying strategy of individual traders targeting one ticker at a time is no longer effective. This in turn may sour most of them from even trying to do so, continuing the conversion of many of these meme names back to more conventionally priced stocks.</p><p><blockquote>今天下午将对整个模因股票走势进行试金石测试。另一家模因股票公司，<b>游戏驿站</b>（纽约证券交易所股票代码：GME）定于今天收盘后公布第二财季数据。数字很重要。但更重要的是，在网络流行留言板上转发的交易人群是否能够说服其他人开始并维持游戏驿站的反弹。如果可以的话，AMC和Clover等其他模因股票至少仍将在一定程度上发挥作用。如果做不到，这很可能表明个人交易者一次针对一个股票的基本策略不再有效。这反过来可能会让他们中的大多数人甚至不敢尝试这样做，继续将许多这些模因名称转换回更传统定价的股票。</blockquote></p><p></p>","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, Clover, and Other Meme Stocks Tumbled On Wednesday<blockquote>为什么AMC、Clover和其他模因股票周三暴跌</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, Clover, and Other Meme Stocks Tumbled On Wednesday<blockquote>为什么AMC、Clover和其他模因股票周三暴跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-09-09 14:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.</p><p><blockquote>个人投资者群体可以始终如一地组织努力推动股价上涨的观念开始崩溃。在某些时候，公司必须证明其股票的价值。而且，在某些时候，人们会想要获利了结。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p> Shares of&nbsp;<b>AMC Entertainment Holdings</b>(NYSE:AMC),<b>Skillz</b>(NYSE:SKLZ), and&nbsp;<b>Tonix Pharmaceuticals</b>(NASDAQ:TNXP)&nbsp;fell 0.9%, 8.3%, and 4.2% as of closed on Wednesday, with the fickle meme stock trading crowd reversing recent bullishness. Leading the charge for today's rout, however, is&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV), down 12.5%.</p><p><blockquote>本公司之股份<b>AMC院线控股</b>（纽约证券交易所代码：AMC），<b>斯基尔茨</b>（纽约证券交易所代码：SKLZ），以及<b>Tonix制药公司</b>（纳斯达克：TNXP）截至周三收盘分别下跌0.9%、8.3%和4.2%，善变的meme股票交易人群扭转了近期的看涨情绪。然而，导致今天溃败的是<b>三叶草健康投资</b>（纳斯达克：CLOV），下跌12.5%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> If you're looking for the headlines behind the moves, don't bother. There aren't any.</p><p><blockquote>如果您正在寻找这些举措背后的头条新闻，请不要费心。没有。</blockquote></p><p> As has been the case for the past few months, traders looking for a speculative edge are simply gathering around these stocks in an effort to collectively create the price action they desire, often by creating memes regarding these companies. Such efforts cause incredible price volatility.</p><p><blockquote>正如过去几个月的情况一样，寻求投机优势的交易者只是聚集在这些股票周围，努力共同创造他们想要的价格走势，通常是通过创造有关这些公司的模因。这种努力会导致令人难以置信的价格波动。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ba4680fa5e89ea08b364002d70d086f\" tg-width=\"2000\" tg-height=\"1201\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Many of these names -- like Clover this week -- have also been recently targeted as short-squeeze candidates. That's not a terribly bad bet right now either, to be fair, in that more than 7% of the outstanding shares of the&nbsp;health insurance&nbsp;company are currently tied up in short trades. That's enough short positions to prospectively spark en masse buying that drives the price sharply higher,<i>if</i>those short-sellers start becoming unnerved by a bit of bullishness. Tuesday's 15% jump for Clover shares didn't do the trick, however, with most of that gain being given back today.</p><p><blockquote>其中许多名字——比如本周的Clover——最近也成为轧空候选者的目标。公平地说，目前这也不是一个非常糟糕的赌注，因为这家健康保险公司超过7%的已发行股票目前被空头交易所束缚。这足以引发大规模买盘，从而推动价格大幅走高，<i>如果</i>那些卖空者开始对一点看涨情绪感到不安。然而，Clover股价周二上涨15%并没有起到作用，大部分涨幅今天被回吐。</blockquote></p><p> Shares of movie theater chain AMC Entertainment aren't really helping the broader bullish effort either. While one would expect this king of all meme stocks to soar following reports of&nbsp;record-breaking&nbsp;Labor Day weekend box office ticket sales, a bit of Tuesday's near-9% gain from AMC shares is also unwinding with Wednesday's1% sell-off. While that's hardly a devastating setback, the failure to follow through on Tuesday's advance is telling in and of itself.</p><p><blockquote>连锁电影院AMC院线的股票也没有真正帮助更广泛的看涨努力。虽然人们预计这只模因股之王在劳动节周末票房销售破纪录的报道后将飙升，但AMC股价周二近9%的涨幅也随着周三1%的抛售而回落。虽然这算不上是一个毁灭性的挫折，但未能坚持周二的进展本身就很能说明问题。</blockquote></p><p> Of course, the broad market's sell-off today is also creating a headwind for these well-known meme stocks.</p><p><blockquote>当然，今天大盘的抛售也给这些知名模因股带来了阻力。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The advent of&nbsp;meme stock&nbsp;mania (and in particular, organized efforts to spark short squeezes) comes as no real surprise. If you give enough people enough time and the means of doing so, it's reasonable to expect them to capitalize on an opportunity -- including one they must plan out on one of the internet's more popular message boards. A little success on this front early this year prompted the trading crowd to replicate the effort.</p><p><blockquote>模因股票狂热的出现（特别是有组织地引发轧空的努力）并不令人意外。如果你给足够多的人足够的时间和手段，期望他们利用一个机会是合理的——包括一个他们必须在互联网上更受欢迎的留言板上计划的机会。今年早些时候在这方面取得的一点成功促使交易人群复制了这一努力。</blockquote></p><p> Regardless of the strategy's previous effectiveness, however, meme stock mania is losing steam. Not only are hedge funds and other managed investment pools now shoring up their risk exposure to short squeezes, traders are also running out of stocks they can push around.</p><p><blockquote>然而，无论该策略之前的有效性如何，模因股票狂热正在失去动力。不仅对冲基金和其他管理投资池现在正在支撑其空头挤压的风险敞口，交易员也正在耗尽他们可以出售的股票。</blockquote></p><p> They're also running out of other buyers and bullish arguments.</p><p><blockquote>他们也没有其他买家和看涨论据。</blockquote></p><p> See, for most meme stocks to continue their rallies, new buyers must bring new money to the table to purchase shares from traders that have already scooped up the stock and are now looking to lock in a sizable profit. Enough people were willing to take such a swing early in the year when AMC was trading around $2 per share. Now that it's trading at more than $46 per share, however, would-be buyers are considerably less interested. Underscoring this idea is the fact that shares of Tonix Pharmaceuticals and Clover Health have yet to respond to the same rally driving strategies that -- at least for a while -- buoyed AMC stock. In a similar vein, Skillz shares have also stopped responding to the bullish prompts that drove the stock from around $11 per share in November of last year to February's high in excess of $46. They're now back near $11, unable to keep a rally going.</p><p><blockquote>看，为了让大多数模因股票继续上涨，新买家必须带来新资金，从已经买入该股票并希望锁定可观利润的交易者那里购买股票。今年年初，当AMC的股价约为每股2美元时，有足够多的人愿意采取这样的举措。然而，现在它的交易价格超过每股46美元，潜在买家的兴趣大大降低。Tonix Pharmaceuticals和Clover Health的股价尚未对至少在一段时间内提振AMC股票的相同反弹驱动策略做出反应，这一事实凸显了这一想法。同样，Skillz的股价也不再对看涨提示做出反应，这些提示将该股从去年11月的每股11美元左右推高至2月份超过46美元的高点。它们现在回到了11美元附近，无法继续上涨。</blockquote></p><p> There's something of a litmus test for the entire meme stock movement due this afternoon. Another meme stock company,<b>GameStop</b>(NYSE:GME), is slated to report its fiscal second-quarter numbers after today's closing bell rings. The numbers are important. But even more important is whether or not the trading crowd relaying on the web's popular message boards will be able to convince others to start and sustain a rally from GameStop. If it can, other meme stocks like AMC and Clover will remain at least somewhat in play. If it can't, it may well be a sign that the underlying strategy of individual traders targeting one ticker at a time is no longer effective. This in turn may sour most of them from even trying to do so, continuing the conversion of many of these meme names back to more conventionally priced stocks.</p><p><blockquote>今天下午将对整个模因股票走势进行试金石测试。另一家模因股票公司，<b>游戏驿站</b>（纽约证券交易所股票代码：GME）定于今天收盘后公布第二财季数据。数字很重要。但更重要的是，在网络流行留言板上转发的交易人群是否能够说服其他人开始并维持游戏驿站的反弹。如果可以的话，AMC和Clover等其他模因股票至少仍将在一定程度上发挥作用。如果做不到，这很可能表明个人交易者一次针对一个股票的基本策略不再有效。这反过来可能会让他们中的大多数人甚至不敢尝试这样做，继续将许多这些模因名称转换回更传统定价的股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/09/08/why-amc-clover-and-other-meme-stocks-are-tumbling/\">Motley Fool</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":{"CLOV":"Clover Health Corp","SKLZ":"Skillz Inc","TNXP":"Tonix Pharmaceuticals Holding Co","AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/09/08/why-amc-clover-and-other-meme-stocks-are-tumbling/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174332657","content_text":"The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.\nWhat happened\nShares of AMC Entertainment Holdings(NYSE:AMC),Skillz(NYSE:SKLZ), and Tonix Pharmaceuticals(NASDAQ:TNXP) fell 0.9%, 8.3%, and 4.2% as of closed on Wednesday, with the fickle meme stock trading crowd reversing recent bullishness. Leading the charge for today's rout, however, is Clover Health Investments(NASDAQ:CLOV), down 12.5%.\nSo what\nIf you're looking for the headlines behind the moves, don't bother. There aren't any.\nAs has been the case for the past few months, traders looking for a speculative edge are simply gathering around these stocks in an effort to collectively create the price action they desire, often by creating memes regarding these companies. Such efforts cause incredible price volatility.\nIMAGE SOURCE: GETTY IMAGES.\nMany of these names -- like Clover this week -- have also been recently targeted as short-squeeze candidates. That's not a terribly bad bet right now either, to be fair, in that more than 7% of the outstanding shares of the health insurance company are currently tied up in short trades. That's enough short positions to prospectively spark en masse buying that drives the price sharply higher,ifthose short-sellers start becoming unnerved by a bit of bullishness. Tuesday's 15% jump for Clover shares didn't do the trick, however, with most of that gain being given back today.\nShares of movie theater chain AMC Entertainment aren't really helping the broader bullish effort either. While one would expect this king of all meme stocks to soar following reports of record-breaking Labor Day weekend box office ticket sales, a bit of Tuesday's near-9% gain from AMC shares is also unwinding with Wednesday's1% sell-off. While that's hardly a devastating setback, the failure to follow through on Tuesday's advance is telling in and of itself.\nOf course, the broad market's sell-off today is also creating a headwind for these well-known meme stocks.\nNow what\nThe advent of meme stock mania (and in particular, organized efforts to spark short squeezes) comes as no real surprise. If you give enough people enough time and the means of doing so, it's reasonable to expect them to capitalize on an opportunity -- including one they must plan out on one of the internet's more popular message boards. A little success on this front early this year prompted the trading crowd to replicate the effort.\nRegardless of the strategy's previous effectiveness, however, meme stock mania is losing steam. Not only are hedge funds and other managed investment pools now shoring up their risk exposure to short squeezes, traders are also running out of stocks they can push around.\nThey're also running out of other buyers and bullish arguments.\nSee, for most meme stocks to continue their rallies, new buyers must bring new money to the table to purchase shares from traders that have already scooped up the stock and are now looking to lock in a sizable profit. Enough people were willing to take such a swing early in the year when AMC was trading around $2 per share. Now that it's trading at more than $46 per share, however, would-be buyers are considerably less interested. Underscoring this idea is the fact that shares of Tonix Pharmaceuticals and Clover Health have yet to respond to the same rally driving strategies that -- at least for a while -- buoyed AMC stock. In a similar vein, Skillz shares have also stopped responding to the bullish prompts that drove the stock from around $11 per share in November of last year to February's high in excess of $46. They're now back near $11, unable to keep a rally going.\nThere's something of a litmus test for the entire meme stock movement due this afternoon. Another meme stock company,GameStop(NYSE:GME), is slated to report its fiscal second-quarter numbers after today's closing bell rings. The numbers are important. But even more important is whether or not the trading crowd relaying on the web's popular message boards will be able to convince others to start and sustain a rally from GameStop. If it can, other meme stocks like AMC and Clover will remain at least somewhat in play. If it can't, it may well be a sign that the underlying strategy of individual traders targeting one ticker at a time is no longer effective. This in turn may sour most of them from even trying to do so, continuing the conversion of many of these meme names back to more conventionally priced stocks.","news_type":1,"symbols_score_info":{"TNXP":0.9,"CLOV":0.9,"SKLZ":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2029,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168981045,"gmtCreate":1623946741087,"gmtModify":1623952570123,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"buy n hodl","listText":"buy n hodl","text":"buy n hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/168981045","repostId":"2144056746","repostType":2,"isVote":1,"tweetType":1,"viewCount":1725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118151233,"gmtCreate":1622725087022,"gmtModify":1622725087022,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"哈哈，旧闻置顶，真搞笑","listText":"哈哈，旧闻置顶，真搞笑","text":"哈哈，旧闻置顶，真搞笑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/118151233","repostId":"2140293814","repostType":2,"repost":{"id":"2140293814","kind":"news","pubTimestamp":1622719685,"share":"https://www.laohu8.com/m/news/2140293814?lang=zh_CN&edition=full","pubTime":"2021-06-03 19:28","market":"sh","language":"zh","title":"AMC院线盘前转跌 发布公告称将出售至多1155万股股票","url":"https://stock-news.laohu8.com/highlight/detail?id=2140293814","media":"新浪财经","summary":"AMC院线盘前转跌，抹去此前20%的涨幅，报62美元，此前向SEC提交文件称将在场内出售至多1155万股股票。AMC院线发布公告，与B.riley证券和花旗集团签订了股权分配协议，将在场内出售至多1155万股股票。净收益用于一般公司目的，其中可能包括偿还、再融资、赎回或回购现有债务、收购剧院资产、营运资本或资本支出及其他投资。","content":"<html><body><p><a href=\"https://laohu8.com/S/AMC\">AMC院线</a>盘前转跌，抹去此前20%的涨幅，报62美元，此前向SEC提交文件称将在场内出售至多1155万股股票。</p><p>AMC院线发布公告，与B.riley证券和花旗集团签订了股权分配协议，将在场内出售至多1155万股股票。净收益用于一般公司目的，其中可能包括偿还、再融资、赎回或回购现有债务、收购剧院资产、营运资本或资本支出及其他投资。</p></body></html>","source":"sina_symbol","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>AMC院线盘前转跌 发布公告称将出售至多1155万股股票</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\">\nAMC院线盘前转跌 发布公告称将出售至多1155万股股票\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 19:28 北京时间&nbsp;&nbsp;&nbsp;<a href=https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-03/doc-ikqcfnaz8952607.shtml><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC院线盘前转跌，抹去此前20%的涨幅，报62美元，此前向SEC提交文件称将在场内出售至多1155万股股票。AMC院线发布公告，与B.riley证券和花旗集团签订了股权分配协议，将在场内出售至多1155万股股票。净收益用于一般公司目的，其中可能包括偿还、再融资、赎回或回购现有债务、收购剧院资产、营运资本或资本支出及其他投资。</p>\n\n<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-03/doc-ikqcfnaz8952607.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e0ab8365ea89ee143187cbf51d23ba8f","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-03/doc-ikqcfnaz8952607.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140293814","content_text":"AMC院线盘前转跌，抹去此前20%的涨幅，报62美元，此前向SEC提交文件称将在场内出售至多1155万股股票。AMC院线发布公告，与B.riley证券和花旗集团签订了股权分配协议，将在场内出售至多1155万股股票。净收益用于一般公司目的，其中可能包括偿还、再融资、赎回或回购现有债务、收购剧院资产、营运资本或资本支出及其他投资。","news_type":1,"symbols_score_info":{"AMC":1}},"isVote":1,"tweetType":1,"viewCount":2741,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868273863,"gmtCreate":1632663840452,"gmtModify":1632667795554,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"fool?","listText":"fool?","text":"fool?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/868273863","repostId":"2170146216","repostType":2,"isVote":1,"tweetType":1,"viewCount":2339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":153037906,"gmtCreate":1624984551605,"gmtModify":1624984551605,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"FOOL?","listText":"FOOL?","text":"FOOL?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153037906","repostId":"2147585785","repostType":2,"isVote":1,"tweetType":1,"viewCount":1054,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164232131,"gmtCreate":1624206054823,"gmtModify":1624206054823,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"太没节操了，这个搬运工断子绝孙啊","listText":"太没节操了，这个搬运工断子绝孙啊","text":"太没节操了，这个搬运工断子绝孙啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164232131","repostId":"2144777459","repostType":2,"repost":{"id":"2144777459","kind":"news","pubTimestamp":1624042900,"share":"https://www.laohu8.com/m/news/2144777459?lang=zh_CN&edition=full","pubTime":"2021-06-19 03:01","market":"hk","language":"zh","title":"探访贾跃亭工厂：杂草丛生","url":"https://stock-news.laohu8.com/highlight/detail?id=2144777459","media":"亿邦动力网","summary":"探访贾跃亭工厂：杂草丛生 来源：亿邦动力网媒体探访贾跃亭工厂现状发现，贾跃亭美国造车工厂杂草丛生，一片荒凉。探访贾跃亭工厂：杂草丛生2017年12月初，记者探访贾跃亭工厂，即投资的法拉第未来，位于美国加州汉福德唯一计划进行中的“FF91高端工厂”。探访贾跃亭工厂：年初签了10年租约据探访贾跃亭工厂的记着了解到，法拉第未来准备在这里租赁10年。记着探访贾跃亭工厂时了解到，资金面成了FF工厂最大的变数。","content":"<html><body><p>原标题：探访贾跃亭工厂：杂草丛生 来源：亿邦动力网</p><p>媒体探访贾跃亭工厂现状发现，贾跃亭美国造车工厂杂草丛生，一片荒凉。众所周知，贾跃亭进军智能手机、电动汽车和体育转播等多个行业，誓言要挑战<a href=\"https://laohu8.com/S/AAPL\">苹果</a>和<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>等巨头。然而近日，乐视贾跃亭一再爆出各种负面，被法院列为失信人员名单，国内禁止乘坐飞机高等消费，甚至被外媒高度关注。探访贾跃亭工厂现状，贾跃亭投资的FF是否能梦想成真？我们一探究竟。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/3165-krpikqf9306607.jpg/w720fin.jpg\"/></div><p><font>探访贾跃亭工厂：杂草丛生</font></p><p>2017年12月初，记者探访贾跃亭工厂，即投资的法拉第未来（Faraday Future，简称FF），位于美国加州汉福德唯一计划进行中的“FF91高端工厂”。法拉第未来刚刚放弃了在美国北拉斯维加斯市自建工厂的计划，并于今年8月揭幕了这一租赁而来的老工厂。连接工厂的铁轨旁杂草丛生，一片荒凉志气。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/3763-krpikqf9306608.jpg/w720fin.jpg\"/></div><p>这是目前法拉第未来唯一计划进行中也是第一家工厂，位于洛杉矶与硅谷之间的空旷郊区，距离法拉第未来洛杉矶总部300多公里。一位当地知情人士透露，“里面没有造车的设备，什么也没有，只有一名安全工程师每天上午9点上班”。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/bc07-krpikqf9306622.jpg/w720fin.jpg\"/></div><p>厂房门口虽然已经立起了法拉第未来的新标志，但是近90万平方英尺的厂房目前只有一个人在打理。该人士还表示，认为法拉第未来要在2018年底要量产是不可能的，事情必须以最快速度才能完成这个目标。</p><p><font>探访贾跃亭工厂：“钉子户”尚未搬离</font></p><p>据记者介绍，在探访贾跃亭工厂时发现，厂房附件还有尚未搬出的租客。根据法拉第未来于8月发布的规划，在随后几个月中，FF91高端工厂会进行投入生产的各项准备工作：包括规划，翻新和许可申请等。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/6d07-krpikqf9306623.jpg/w720fin.jpg\"/></div><p>在11月下旬现有租户迁出后，公司预计在2018年初开始大范围的机器迁入工作。地产商8月22日左右通知所有租客在30天内搬离，一家租了1.5万平方英尺的租客11月刚刚搬离，但还有最后一户租客不愿撤离，目前律师已经介入。</p><p><font>探访贾跃亭工厂：年初签了10年租约</font></p><p>据探访贾跃亭工厂的记着了解到，法拉第未来准备在这里租赁10年。2015年12月10日，法拉第未来宣布将在位于内华达州的北拉斯维加斯建设制造工厂明总投资额为10亿美元，占地300万平方英尺。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/3458-krpikqf9306638.jpg/w720fin.jpg\"/></div><p>内华达州政府批准了针对法拉第未来的一项总额3.35亿美元的奖励方案，其中包括2.15亿美金的税收抵免和减免，以及用于改善即将建厂工业区基础设施的1.2亿美金公共费用。随后法拉第未来曝出资金问题，该厂建设停滞。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/0d24-krpikqf9306639.jpg/w720fin.jpg\"/></div><p>当地媒体援引加州国王县的信息城，2017年早些时候，法拉第未来又回到加州，租下了这个曾经的轮胎厂。</p><p><font>探访贾跃亭工厂：10亿融资是真是假？</font></p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/b096-krpikqf9306660.jpg/w720fin.jpg\"/></div><p>记着探访贾跃亭工厂时了解到，资金面成了FF工厂最大的变数。贾跃亭直接在为法拉第未来寻求新的融资。就在2017年12月13日，贾跃亭在内部全员大会宣布，经过与投资人近一个月的谈判，成功完成了超10亿美元A轮股权融资。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021619/742/w480h262/20210619/e3bd-krpikqf9306661.jpg/w720fin.jpg\"/></div><p>同时，董事长贾跃亭表示，他将出任FF全球CEO和首席产品官，并推动FF的管理和组织变革，确保战略执行和产品落地，这也结束了FF成立四年以来没有CEO的历史。那么，贾跃亭所谓的10亿融资是真是假？假设10亿融资是真的，就能真的挽救法拉第未来工厂吗？让贾跃亭一扫阴霾，重回互联网神坛？</p></body></html>","source":"sina_symbol","collect":0,"html":"<!DOCTYPE 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}\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\">\n探访贾跃亭工厂：杂草丛生\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 03:01 北京时间&nbsp;&nbsp;&nbsp;<a href=https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/relnews/us/2021-06-19/doc-ikqcfnca1866882.shtml><strong>亿邦动力网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>原标题：探访贾跃亭工厂：杂草丛生 来源：亿邦动力网媒体探访贾跃亭工厂现状发现，贾跃亭美国造车工厂杂草丛生，一片荒凉。众所周知，贾跃亭进军智能手机、电动汽车和体育转播等多个行业，誓言要挑战苹果和特斯拉等巨头。然而近日，乐视贾跃亭一再爆出各种负面，被法院列为失信人员名单，国内禁止乘坐飞机高等消费，甚至被外媒高度关注。探访贾跃亭工厂现状，贾跃亭投资的FF是否能梦想成真？我们一探究竟。探访贾跃亭工厂：...</p>\n\n<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/relnews/us/2021-06-19/doc-ikqcfnca1866882.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fcf74adffe102b47b483069a4a3fee6a","relate_stocks":{},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/relnews/us/2021-06-19/doc-ikqcfnca1866882.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144777459","content_text":"原标题：探访贾跃亭工厂：杂草丛生 来源：亿邦动力网媒体探访贾跃亭工厂现状发现，贾跃亭美国造车工厂杂草丛生，一片荒凉。众所周知，贾跃亭进军智能手机、电动汽车和体育转播等多个行业，誓言要挑战苹果和特斯拉等巨头。然而近日，乐视贾跃亭一再爆出各种负面，被法院列为失信人员名单，国内禁止乘坐飞机高等消费，甚至被外媒高度关注。探访贾跃亭工厂现状，贾跃亭投资的FF是否能梦想成真？我们一探究竟。探访贾跃亭工厂：杂草丛生2017年12月初，记者探访贾跃亭工厂，即投资的法拉第未来（Faraday Future，简称FF），位于美国加州汉福德唯一计划进行中的“FF91高端工厂”。法拉第未来刚刚放弃了在美国北拉斯维加斯市自建工厂的计划，并于今年8月揭幕了这一租赁而来的老工厂。连接工厂的铁轨旁杂草丛生，一片荒凉志气。这是目前法拉第未来唯一计划进行中也是第一家工厂，位于洛杉矶与硅谷之间的空旷郊区，距离法拉第未来洛杉矶总部300多公里。一位当地知情人士透露，“里面没有造车的设备，什么也没有，只有一名安全工程师每天上午9点上班”。厂房门口虽然已经立起了法拉第未来的新标志，但是近90万平方英尺的厂房目前只有一个人在打理。该人士还表示，认为法拉第未来要在2018年底要量产是不可能的，事情必须以最快速度才能完成这个目标。探访贾跃亭工厂：“钉子户”尚未搬离据记者介绍，在探访贾跃亭工厂时发现，厂房附件还有尚未搬出的租客。根据法拉第未来于8月发布的规划，在随后几个月中，FF91高端工厂会进行投入生产的各项准备工作：包括规划，翻新和许可申请等。在11月下旬现有租户迁出后，公司预计在2018年初开始大范围的机器迁入工作。地产商8月22日左右通知所有租客在30天内搬离，一家租了1.5万平方英尺的租客11月刚刚搬离，但还有最后一户租客不愿撤离，目前律师已经介入。探访贾跃亭工厂：年初签了10年租约据探访贾跃亭工厂的记着了解到，法拉第未来准备在这里租赁10年。2015年12月10日，法拉第未来宣布将在位于内华达州的北拉斯维加斯建设制造工厂明总投资额为10亿美元，占地300万平方英尺。内华达州政府批准了针对法拉第未来的一项总额3.35亿美元的奖励方案，其中包括2.15亿美金的税收抵免和减免，以及用于改善即将建厂工业区基础设施的1.2亿美金公共费用。随后法拉第未来曝出资金问题，该厂建设停滞。当地媒体援引加州国王县的信息城，2017年早些时候，法拉第未来又回到加州，租下了这个曾经的轮胎厂。探访贾跃亭工厂：10亿融资是真是假？记着探访贾跃亭工厂时了解到，资金面成了FF工厂最大的变数。贾跃亭直接在为法拉第未来寻求新的融资。就在2017年12月13日，贾跃亭在内部全员大会宣布，经过与投资人近一个月的谈判，成功完成了超10亿美元A轮股权融资。同时，董事长贾跃亭表示，他将出任FF全球CEO和首席产品官，并推动FF的管理和组织变革，确保战略执行和产品落地，这也结束了FF成立四年以来没有CEO的历史。那么，贾跃亭所谓的10亿融资是真是假？假设10亿融资是真的，就能真的挽救法拉第未来工厂吗？让贾跃亭一扫阴霾，重回互联网神坛？","news_type":1,"symbols_score_info":{"PSAC":1}},"isVote":1,"tweetType":1,"viewCount":3102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":166310846,"gmtCreate":1623991311585,"gmtModify":1623991444441,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"stay calm, buy n hodl","listText":"stay calm, buy n hodl","text":"stay calm, buy n hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166310846","repostId":"1131310015","repostType":2,"repost":{"id":"1131310015","kind":"news","pubTimestamp":1623987347,"share":"https://www.laohu8.com/m/news/1131310015?lang=zh_CN&edition=full","pubTime":"2021-06-18 11:35","market":"us","language":"en","title":"AMC: Danger Signals For Investors And Speculators<blockquote>AMC：投资者和投机者的危险信号</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131310015","media":"seekingalpha","summary":"Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pul","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I stand on the shoulder of giants to guide you on AMC.</li>  <li>For investors, the gravitational pull of no earning prospects provides little support to the stock.</li>  <li>A century-old cautionary tale for speculators counting on a short squeeze.</li>  <li>Sell before the other speculators do.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabb985556b9f549dd561bf919495d08\" tg-width=\"768\" tg-height=\"513\"><span>RgStudio/E+ via Getty Images</span></p><p><blockquote><ul><li>我站在巨人的肩膀上，在AMC上指导你。</li><li>对于投资者来说，没有盈利前景的引力对该股几乎没有支撑。</li><li>对于指望轧空的投机者来说，这是一个百年的警示故事。</li><li>在其他投机者之前卖出。</li></ul><p class=\"t-img-caption\"><span>RgStudio/E+来自Getty Images</span></p></blockquote></p><p> What are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “<i>If I have seen a little further it is by standing on the shoulders of Giants.</i>” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer for<i>The Wall Street Journal</i>, and John Brooks, author of “<i>Business Adventures</i>”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.</p><p><blockquote>我们如何看待模因股票现象？几周前，我与AMC院线控股公司（纽约证券交易所股票代码：AMC）一起尝试了一下。在读了两篇有趣的文章后，我回来看更多。正如艾萨克·牛顿在1676年所说，“<i>如果说我看得更远了一点，那就是站在巨人的肩膀上。</i>“现在我不是艾萨克·牛顿了。首先，我看起来好多了。但就像齐克一样——艾萨克的朋友们可能从未使用过这个昵称——我也站在巨人的肩膀上。在这种情况下，杰森·茨威格（Jason Zweig）是一位出色的金融市场作家<i>华尔街日报</i>，以及约翰·布鲁克斯，《<i>商业冒险</i>》，比尔盖茨推荐的一本书。我将在本文中大量引用两者，然后为您划清界限AMC。</blockquote></p><p> <b>Investor vs. trader vs. speculator</b></p><p><blockquote><b>投资者、交易者、投机者</b></blockquote></p><p> Jason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021<i>Wall Street Journal</i>column:</p><p><blockquote>Jason Zweig在他的2021年6月11日以图形方式区分了这三种类型的股票买家<i>华尔街日报</i>柱：</blockquote></p><p>   “  <i>Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”</i>  So why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assets<i>never</i>came up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.</p><p><blockquote>“<i>每当你因为有预感或只是为了好玩而购买任何金融资产，或者因为某个名人正在大肆宣传，或者其他人似乎也在购买它，你就不是在投资。你绝对是一个交易者：刚刚购买了一项资产的人。你可能是一个投机者：认为其他人会比你支付更多的钱。”“投资者依赖内部回报来源：收益、收入、资产价值的增长。投机者依赖外部回报来源：主要是其他人是否会支付更多，而不考虑基本价值。”</i>那么为什么AMC的股价一直在上涨呢？我有一个非正式的数据来源，即我6月4日AMC文章的300多条评论。收益，收入，资产价值的增长<i>没有</i>上来了。出现的是“轧空”和股票图表。因此，我预计茨威格先生会将AMC的股票描述为由交易员和投机者推动的。</blockquote></p><p> Mr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.</p><p><blockquote>茨威格先生还让我意识到，我的AMC文章遗漏了盈利预测。我给出了很多关于历史趋势的数据，这些数据只是暗示了未来的方向。我在这里纠正这个遗漏。</blockquote></p><p> <b>A 2022 AMC earnings forecast</b></p><p><blockquote><b>2022年AMC盈利预测</b></blockquote></p><p> I start with the key assumptions:</p><p><blockquote>我从关键假设开始：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f5311cb0ff00c046d122c2c84fc3aea\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>My time frame for reference</i>&nbsp;is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.</p><p><blockquote><i>我的参考时间框架</i>是2017年到2019年。早期的数据相关性较低，因为AMC在2016年进行了一项大型收购，而2020年和2021年的数据则因为新冠疫情而相关性更低。</blockquote></p><p> <i>The national box office</i>is the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.</p><p><blockquote><i>全国票房</i>是主要假设。我6月4日的文章显示，自2002年以来，电影上座率一直在下降。明年票房会是多少？流媒体在订户和内容方面的稳定增长无疑是一个阻力。从逻辑上讲，COVID应该增加从场外（剧院）娱乐到家庭娱乐的转变，就像购物和工作一样。保持电影上座率接近19年的水平将是一个小小的奇迹。下降10%，甚至20%的可能性要大得多。如上表所示，我使用所有三种票房假设对2022年AMC每股收益进行预测。</blockquote></p><p> <b><i>AMC market share.</i></b>I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.</p><p><blockquote><b><i>AMC市场份额。</i></b>我假设AMC的份额会比17-19年的水平有所增加，因为一些竞争影院肯定因新冠疫情的财务压力而退出。</blockquote></p><p> <b><i>Admissions gross margin.</i></b>This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.</p><p><blockquote><b><i>招生毛利率。</i></b>这是门票销售的利润减去制片人授权电影的成本。我认为AMC在17-19年保持稳定，但我也可以想象电影制片人会寻求更好的条款，因为AMC必须与越来越多渴望内容的流媒体服务竞标。</blockquote></p><p> <b><i>Food expenses as a percent of sales.</i></b>I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs and<i>multiply them by 7 in their pricing to us moviegoers.</i>Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.</p><p><blockquote><b><i>食品费用占销售额的百分比。</i></b>我继承了低得惊人的数字。AMC，大概还有它的同行，承担他们的食品和饮料成本和<i>将它们对美国电影观众的定价乘以7。</i>走私你自己的Jujifruits，省下一捆。我今年最好的理财建议。</blockquote></p><p> <b><i>Food and beverage sales as a percent of ticket prices.</i></b>I assume that AMC’s trend of modest increases continues.</p><p><blockquote><b><i>食品和饮料销售额占票价的百分比。</i></b>我认为AMC小幅上涨的趋势仍在继续。</blockquote></p><p> <b><i>Operating expenses</i></b>are the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.</p><p><blockquote><b><i>营业费用</i></b>是剧院人员、公用事业等的成本。我认为运营费用率的逐步上升趋势仍在继续，原因有二。第一，这些运营费用基本上是固定的，收入将面临压力。其次，当前的劳动力短缺将给低端剧院工作的薪酬水平带来压力，这似乎是合乎逻辑的。</blockquote></p><p></p><p> We’re now ready for my earnings and cash flow models:</p><p><blockquote>我们现在已经为我的盈利和现金流模型做好了准备：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9b8a5ce8ad10adb3336126cdb0a5e598\" tg-width=\"537\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:</p><p><blockquote>22年的预测是根据上述假设通过“毛利润”线设定的。我的管理费用预测假设AMC正在努力限制费用度过充满挑战的时期：</blockquote></p><p> <ul>  <li><i>Depreciation/amortization</i>is a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.</li>  <li><i>Interest expense</i>should decline as AMC pays down some debt with the equity it has been raising.</li> </ul> <b>The gravitational pull of earnings</b></p><p><blockquote><ul><li><i>折旧/摊销</i>是房地产和收购的会计费用的组合。疫情期间进行的减记本应减少这些费用。</li><li><i>利息支出</i>随着AMC用其筹集的股权偿还部分债务，这一数字应该会下降。</li></ul><b>盈利的引力</b></blockquote></p><p> We arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.</p><p><blockquote>我们到达了底线。我能看到的2022年每股收益的最佳情况是大致盈亏平衡。更有可能的是适度的损失。现金流应该会更糟，因为AMC保持其影院对不断萎缩的观众的吸引力所需的现金资本支出应该超过其非现金折旧/摊销费用。如果资本支出远低于我的预测，可能是因为AMC管理层承认自己正处于死亡螺旋之中，并希望尽可能榨取现金。</blockquote></p><p> <i>The bottom line - no support for investors.</i>AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words of<i>Trading Places</i>, “Sell Mortimer, sell!”</p><p><blockquote><i>底线——不支持投资者。</i>AMC的账面价值为负。在COVID之后，它似乎无法赚取任何物质收入。其业务因技术变革而长期下滑，新的竞争对手是拥有巨大资源的怪兽公司——Netflix、迪士尼、康卡斯特等。投资者只能看着AMC目前55美元的股价，不寒而栗地说，用不朽的话来说<i>交易场所</i>、“卖莫蒂默，卖！”</blockquote></p><p> <b>The speculative play - a short squeeze: A historical cautionary tale</b></p><p><blockquote><b>投机游戏——轧空：历史警示</b></blockquote></p><p> Millennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The book<i>Business Adventures</i>by John Brooks<i>,</i>published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.</p><p><blockquote>千禧一代并没有发明轧空。它几乎和金融市场存在的时间一样长。这本书<i>商业冒险</i>约翰·布鲁克斯<i>,</i>早在1969年就出版了，生动地讲述了20世纪20年代初的空头挤压故事。一个世纪前。我将引用书中的话来说明在没有投资者支持的情况下，投机的故事将如何结束。所以，给自己倒点非法烈酒（我们正走向禁酒令时代），继续读下去。这是第一家超市Piggly Wiggly Stores的创始人克拉伦斯·桑德斯的故事；他那个时代的亚马逊。</blockquote></p><p> Shorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:</p><p><blockquote>1922年，空头追捧克拉伦斯的股票，将其从50美元推至40美元以下。桑德斯发誓要用空头挤压进行报复。以下是布鲁克斯先生讲述这个故事的摘录：</blockquote></p><p>   “  <i>Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…</i>”  The sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.</p><p><blockquote>“<i>桑德斯……购买了33,000股Piggly Wiggly股票，大部分来自卖空者；不到一周，他就将总数增加到了10.5万股——超过了20万股已发行股票的一半。桑德斯购买活动的有效性显而易见；到1923年1月下旬，它已将价格推高了60多美元……</i>“昔日唯一的空头挤压者如今已被成群的“猿”所取代，而猿在推高价格方面要好得多。顺便说一句，信不信由你，一群猿显然被称为“精明”。一群猿很精明——有意思。</blockquote></p><p>   “  <i>He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”</i>  Today we have apes sticking it to hedge funds.</p><p><blockquote>“<i>他赚了一大笔钱，证明了一个贫穷的南方男孩是如何教训城市里的狡猾分子的。”</i>今天，我们有猿类坚持对冲基金。</blockquote></p><p>   “  <i>One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.</i>”  Something to think about. What was Saunders to do?</p><p><blockquote>“<i>角落里最大的危险之一总是，即使一个玩家可能会击败他的对手，他也会发现他赢得了一场得不偿失的胜利。一旦卖空者被榨干，卖空者可能会发现他在这个过程中积累的大量股票是他脖子上的沉重负担；通过将其全部推回市场，他会将其价格降至零。</i>“值得思考的事情。桑德斯该怎么办？</blockquote></p><p>   “[  <i>Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments</i>.”  Pretty clever, no? No:</p><p><blockquote>“[<i>桑德斯的解决方案是出售分期付款计划中价值55美元的股票。在他二月份的广告中，他规定公众只需支付25美元的首付，余款分三期支付10美元即可购买股票</i>“很聪明，不是吗？没有：</blockquote></p><p>   “  <i>At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”</i>  Uh oh. What now?</p><p><blockquote>“<i>在第三天结束时，认购的股份总数仍低于2.5万股，所做的卖出被取消。桑德斯不得不承认这次旅行是失败的。”</i>呃哦。现在怎么办？</blockquote></p><p>   <i>“On August 22nd, the New York auction firm of Adrian H. Muller &amp; Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”</i>  Ouch.</p><p><blockquote><i>“8月22日，Adrian H.Muller&amp;Son的纽约拍卖公司……以每股1美元的价格拍卖了1,500股Piggly Wiggly股票……第二年春天，Saunders进入了正式破产程序。”</i>哎哟。</blockquote></p><p> <b>Buyers beware</b></p><p><blockquote><b>买家当心</b></blockquote></p><p> As Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?</p><p><blockquote>正如杰森·茨威格上面指出的，投机者依赖于以更高的价格找到买家。如今AMC股票的持有者无疑让许多卖空者的生活变得痛苦。但真的有足够多的新买家来收购AMC目前280亿美元市值以上的现有股东吗？尤其是在没有盈利的情况下不断给股票带来压力的情况下？</blockquote></p><p></p><p> AMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.</p><p><blockquote>AMC股东们，不要赢得克拉伦斯·桑德斯得不偿失的胜利。拿着每股55美元跑吧。快的。在其他投机持有者首先这样做之前。</blockquote></p><p></p>","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>AMC: Danger Signals For Investors And Speculators<blockquote>AMC：投资者和投机者的危险信号</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\">\nAMC: Danger Signals For Investors And Speculators<blockquote>AMC：投资者和投机者的危险信号</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-18 11:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I stand on the shoulder of giants to guide you on AMC.</li>  <li>For investors, the gravitational pull of no earning prospects provides little support to the stock.</li>  <li>A century-old cautionary tale for speculators counting on a short squeeze.</li>  <li>Sell before the other speculators do.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabb985556b9f549dd561bf919495d08\" tg-width=\"768\" tg-height=\"513\"><span>RgStudio/E+ via Getty Images</span></p><p><blockquote><ul><li>我站在巨人的肩膀上，在AMC上指导你。</li><li>对于投资者来说，没有盈利前景的引力对该股几乎没有支撑。</li><li>对于指望轧空的投机者来说，这是一个百年的警示故事。</li><li>在其他投机者之前卖出。</li></ul><p class=\"t-img-caption\"><span>RgStudio/E+来自Getty Images</span></p></blockquote></p><p> What are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “<i>If I have seen a little further it is by standing on the shoulders of Giants.</i>” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer for<i>The Wall Street Journal</i>, and John Brooks, author of “<i>Business Adventures</i>”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.</p><p><blockquote>我们如何看待模因股票现象？几周前，我与AMC院线控股公司（纽约证券交易所股票代码：AMC）一起尝试了一下。在读了两篇有趣的文章后，我回来看更多。正如艾萨克·牛顿在1676年所说，“<i>如果说我看得更远了一点，那就是站在巨人的肩膀上。</i>“现在我不是艾萨克·牛顿了。首先，我看起来好多了。但就像齐克一样——艾萨克的朋友们可能从未使用过这个昵称——我也站在巨人的肩膀上。在这种情况下，杰森·茨威格（Jason Zweig）是一位出色的金融市场作家<i>华尔街日报</i>，以及约翰·布鲁克斯，《<i>商业冒险</i>》，比尔盖茨推荐的一本书。我将在本文中大量引用两者，然后为您划清界限AMC。</blockquote></p><p> <b>Investor vs. trader vs. speculator</b></p><p><blockquote><b>投资者、交易者、投机者</b></blockquote></p><p> Jason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021<i>Wall Street Journal</i>column:</p><p><blockquote>Jason Zweig在他的2021年6月11日以图形方式区分了这三种类型的股票买家<i>华尔街日报</i>柱：</blockquote></p><p>   “  <i>Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”</i>  So why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assets<i>never</i>came up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.</p><p><blockquote>“<i>每当你因为有预感或只是为了好玩而购买任何金融资产，或者因为某个名人正在大肆宣传，或者其他人似乎也在购买它，你就不是在投资。你绝对是一个交易者：刚刚购买了一项资产的人。你可能是一个投机者：认为其他人会比你支付更多的钱。”“投资者依赖内部回报来源：收益、收入、资产价值的增长。投机者依赖外部回报来源：主要是其他人是否会支付更多，而不考虑基本价值。”</i>那么为什么AMC的股价一直在上涨呢？我有一个非正式的数据来源，即我6月4日AMC文章的300多条评论。收益，收入，资产价值的增长<i>没有</i>上来了。出现的是“轧空”和股票图表。因此，我预计茨威格先生会将AMC的股票描述为由交易员和投机者推动的。</blockquote></p><p> Mr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.</p><p><blockquote>茨威格先生还让我意识到，我的AMC文章遗漏了盈利预测。我给出了很多关于历史趋势的数据，这些数据只是暗示了未来的方向。我在这里纠正这个遗漏。</blockquote></p><p> <b>A 2022 AMC earnings forecast</b></p><p><blockquote><b>2022年AMC盈利预测</b></blockquote></p><p> I start with the key assumptions:</p><p><blockquote>我从关键假设开始：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f5311cb0ff00c046d122c2c84fc3aea\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>My time frame for reference</i>&nbsp;is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.</p><p><blockquote><i>我的参考时间框架</i>是2017年到2019年。早期的数据相关性较低，因为AMC在2016年进行了一项大型收购，而2020年和2021年的数据则因为新冠疫情而相关性更低。</blockquote></p><p> <i>The national box office</i>is the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.</p><p><blockquote><i>全国票房</i>是主要假设。我6月4日的文章显示，自2002年以来，电影上座率一直在下降。明年票房会是多少？流媒体在订户和内容方面的稳定增长无疑是一个阻力。从逻辑上讲，COVID应该增加从场外（剧院）娱乐到家庭娱乐的转变，就像购物和工作一样。保持电影上座率接近19年的水平将是一个小小的奇迹。下降10%，甚至20%的可能性要大得多。如上表所示，我使用所有三种票房假设对2022年AMC每股收益进行预测。</blockquote></p><p> <b><i>AMC market share.</i></b>I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.</p><p><blockquote><b><i>AMC市场份额。</i></b>我假设AMC的份额会比17-19年的水平有所增加，因为一些竞争影院肯定因新冠疫情的财务压力而退出。</blockquote></p><p> <b><i>Admissions gross margin.</i></b>This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.</p><p><blockquote><b><i>招生毛利率。</i></b>这是门票销售的利润减去制片人授权电影的成本。我认为AMC在17-19年保持稳定，但我也可以想象电影制片人会寻求更好的条款，因为AMC必须与越来越多渴望内容的流媒体服务竞标。</blockquote></p><p> <b><i>Food expenses as a percent of sales.</i></b>I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs and<i>multiply them by 7 in their pricing to us moviegoers.</i>Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.</p><p><blockquote><b><i>食品费用占销售额的百分比。</i></b>我继承了低得惊人的数字。AMC，大概还有它的同行，承担他们的食品和饮料成本和<i>将它们对美国电影观众的定价乘以7。</i>走私你自己的Jujifruits，省下一捆。我今年最好的理财建议。</blockquote></p><p> <b><i>Food and beverage sales as a percent of ticket prices.</i></b>I assume that AMC’s trend of modest increases continues.</p><p><blockquote><b><i>食品和饮料销售额占票价的百分比。</i></b>我认为AMC小幅上涨的趋势仍在继续。</blockquote></p><p> <b><i>Operating expenses</i></b>are the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.</p><p><blockquote><b><i>营业费用</i></b>是剧院人员、公用事业等的成本。我认为运营费用率的逐步上升趋势仍在继续，原因有二。第一，这些运营费用基本上是固定的，收入将面临压力。其次，当前的劳动力短缺将给低端剧院工作的薪酬水平带来压力，这似乎是合乎逻辑的。</blockquote></p><p></p><p> We’re now ready for my earnings and cash flow models:</p><p><blockquote>我们现在已经为我的盈利和现金流模型做好了准备：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9b8a5ce8ad10adb3336126cdb0a5e598\" tg-width=\"537\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:</p><p><blockquote>22年的预测是根据上述假设通过“毛利润”线设定的。我的管理费用预测假设AMC正在努力限制费用度过充满挑战的时期：</blockquote></p><p> <ul>  <li><i>Depreciation/amortization</i>is a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.</li>  <li><i>Interest expense</i>should decline as AMC pays down some debt with the equity it has been raising.</li> </ul> <b>The gravitational pull of earnings</b></p><p><blockquote><ul><li><i>折旧/摊销</i>是房地产和收购的会计费用的组合。疫情期间进行的减记本应减少这些费用。</li><li><i>利息支出</i>随着AMC用其筹集的股权偿还部分债务，这一数字应该会下降。</li></ul><b>盈利的引力</b></blockquote></p><p> We arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.</p><p><blockquote>我们到达了底线。我能看到的2022年每股收益的最佳情况是大致盈亏平衡。更有可能的是适度的损失。现金流应该会更糟，因为AMC保持其影院对不断萎缩的观众的吸引力所需的现金资本支出应该超过其非现金折旧/摊销费用。如果资本支出远低于我的预测，可能是因为AMC管理层承认自己正处于死亡螺旋之中，并希望尽可能榨取现金。</blockquote></p><p> <i>The bottom line - no support for investors.</i>AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words of<i>Trading Places</i>, “Sell Mortimer, sell!”</p><p><blockquote><i>底线——不支持投资者。</i>AMC的账面价值为负。在COVID之后，它似乎无法赚取任何物质收入。其业务因技术变革而长期下滑，新的竞争对手是拥有巨大资源的怪兽公司——Netflix、迪士尼、康卡斯特等。投资者只能看着AMC目前55美元的股价，不寒而栗地说，用不朽的话来说<i>交易场所</i>、“卖莫蒂默，卖！”</blockquote></p><p> <b>The speculative play - a short squeeze: A historical cautionary tale</b></p><p><blockquote><b>投机游戏——轧空：历史警示</b></blockquote></p><p> Millennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The book<i>Business Adventures</i>by John Brooks<i>,</i>published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.</p><p><blockquote>千禧一代并没有发明轧空。它几乎和金融市场存在的时间一样长。这本书<i>商业冒险</i>约翰·布鲁克斯<i>,</i>早在1969年就出版了，生动地讲述了20世纪20年代初的空头挤压故事。一个世纪前。我将引用书中的话来说明在没有投资者支持的情况下，投机的故事将如何结束。所以，给自己倒点非法烈酒（我们正走向禁酒令时代），继续读下去。这是第一家超市Piggly Wiggly Stores的创始人克拉伦斯·桑德斯的故事；他那个时代的亚马逊。</blockquote></p><p> Shorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:</p><p><blockquote>1922年，空头追捧克拉伦斯的股票，将其从50美元推至40美元以下。桑德斯发誓要用空头挤压进行报复。以下是布鲁克斯先生讲述这个故事的摘录：</blockquote></p><p>   “  <i>Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…</i>”  The sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.</p><p><blockquote>“<i>桑德斯……购买了33,000股Piggly Wiggly股票，大部分来自卖空者；不到一周，他就将总数增加到了10.5万股——超过了20万股已发行股票的一半。桑德斯购买活动的有效性显而易见；到1923年1月下旬，它已将价格推高了60多美元……</i>“昔日唯一的空头挤压者如今已被成群的“猿”所取代，而猿在推高价格方面要好得多。顺便说一句，信不信由你，一群猿显然被称为“精明”。一群猿很精明——有意思。</blockquote></p><p>   “  <i>He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”</i>  Today we have apes sticking it to hedge funds.</p><p><blockquote>“<i>他赚了一大笔钱，证明了一个贫穷的南方男孩是如何教训城市里的狡猾分子的。”</i>今天，我们有猿类坚持对冲基金。</blockquote></p><p>   “  <i>One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.</i>”  Something to think about. What was Saunders to do?</p><p><blockquote>“<i>角落里最大的危险之一总是，即使一个玩家可能会击败他的对手，他也会发现他赢得了一场得不偿失的胜利。一旦卖空者被榨干，卖空者可能会发现他在这个过程中积累的大量股票是他脖子上的沉重负担；通过将其全部推回市场，他会将其价格降至零。</i>“值得思考的事情。桑德斯该怎么办？</blockquote></p><p>   “[  <i>Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments</i>.”  Pretty clever, no? No:</p><p><blockquote>“[<i>桑德斯的解决方案是出售分期付款计划中价值55美元的股票。在他二月份的广告中，他规定公众只需支付25美元的首付，余款分三期支付10美元即可购买股票</i>“很聪明，不是吗？没有：</blockquote></p><p>   “  <i>At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”</i>  Uh oh. What now?</p><p><blockquote>“<i>在第三天结束时，认购的股份总数仍低于2.5万股，所做的卖出被取消。桑德斯不得不承认这次旅行是失败的。”</i>呃哦。现在怎么办？</blockquote></p><p>   <i>“On August 22nd, the New York auction firm of Adrian H. Muller &amp; Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”</i>  Ouch.</p><p><blockquote><i>“8月22日，Adrian H.Muller&amp;Son的纽约拍卖公司……以每股1美元的价格拍卖了1,500股Piggly Wiggly股票……第二年春天，Saunders进入了正式破产程序。”</i>哎哟。</blockquote></p><p> <b>Buyers beware</b></p><p><blockquote><b>买家当心</b></blockquote></p><p> As Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?</p><p><blockquote>正如杰森·茨威格上面指出的，投机者依赖于以更高的价格找到买家。如今AMC股票的持有者无疑让许多卖空者的生活变得痛苦。但真的有足够多的新买家来收购AMC目前280亿美元市值以上的现有股东吗？尤其是在没有盈利的情况下不断给股票带来压力的情况下？</blockquote></p><p></p><p> AMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.</p><p><blockquote>AMC股东们，不要赢得克拉伦斯·桑德斯得不偿失的胜利。拿着每股55美元跑吧。快的。在其他投机持有者首先这样做之前。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators\">seekingalpha</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":{"AMC":"AMC院线"},"source_url":"https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131310015","content_text":"Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pull of no earning prospects provides little support to the stock.\nA century-old cautionary tale for speculators counting on a short squeeze.\nSell before the other speculators do.\n\nRgStudio/E+ via Getty Images\nWhat are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “If I have seen a little further it is by standing on the shoulders of Giants.” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer forThe Wall Street Journal, and John Brooks, author of “Business Adventures”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.\nInvestor vs. trader vs. speculator\nJason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021Wall Street Journalcolumn:\n\n “\n Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”\n\nSo why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assetsnevercame up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.\nMr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.\nA 2022 AMC earnings forecast\nI start with the key assumptions:\n\nMy time frame for reference is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.\nThe national box officeis the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.\nAMC market share.I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.\nAdmissions gross margin.This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.\nFood expenses as a percent of sales.I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs andmultiply them by 7 in their pricing to us moviegoers.Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.\nFood and beverage sales as a percent of ticket prices.I assume that AMC’s trend of modest increases continues.\nOperating expensesare the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.\nWe’re now ready for my earnings and cash flow models:\n\nThe ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:\n\nDepreciation/amortizationis a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.\nInterest expenseshould decline as AMC pays down some debt with the equity it has been raising.\n\nThe gravitational pull of earnings\nWe arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.\nThe bottom line - no support for investors.AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words ofTrading Places, “Sell Mortimer, sell!”\nThe speculative play - a short squeeze: A historical cautionary tale\nMillennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The bookBusiness Adventuresby John Brooks,published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.\nShorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:\n\n “\n Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…”\n\nThe sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.\n\n “\n He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”\n\nToday we have apes sticking it to hedge funds.\n\n “\n One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.”\n\nSomething to think about. What was Saunders to do?\n\n “[\n Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments.”\n\nPretty clever, no? No:\n\n “\n At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”\n\nUh oh. What now?\n\n“On August 22nd, the New York auction firm of Adrian H. Muller & Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”\n\nOuch.\nBuyers beware\nAs Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?\nAMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168570854,"gmtCreate":1623979679178,"gmtModify":1623982474565,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"buy n hodl","listText":"buy n hodl","text":"buy n hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168570854","repostId":"1143254300","repostType":2,"isVote":1,"tweetType":1,"viewCount":1788,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":879740113,"gmtCreate":1636778855103,"gmtModify":1636786233737,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"没见过这么不要脸的文章","listText":"没见过这么不要脸的文章","text":"没见过这么不要脸的文章","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879740113","repostId":"2182018576","repostType":2,"isVote":1,"tweetType":1,"viewCount":2783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868273377,"gmtCreate":1632663812299,"gmtModify":1632667795551,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"&nbsp; fool?","listText":"&nbsp; fool?","text":"fool?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/868273377","repostId":"2170146216","repostType":2,"isVote":1,"tweetType":1,"viewCount":2328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":817378306,"gmtCreate":1630913845305,"gmtModify":1630913845305,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"Fool?","listText":"Fool?","text":"Fool?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817378306","repostId":"1139285076","repostType":2,"repost":{"id":"1139285076","kind":"news","pubTimestamp":1630898911,"share":"https://www.laohu8.com/m/news/1139285076?lang=zh_CN&edition=full","pubTime":"2021-09-06 11:28","market":"us","language":"en","title":"Should You Invest in AMC Stock Right Now?<blockquote>您现在应该投资AMC股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139285076","media":"Motley Fool","summary":"The company's shares are soaring, making some feel like they are missing out.","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>AMC's stock price is detached from operating performance.</li>  <li>Movie theater attendance is declining.</li>  <li>The coronavirus pandemic is constraining operations.</li> </ul> <b>AMC Entertainment Group</b>(NYSE:AMC)&nbsp;has many investors curious. The stock inspires many headlines, and AMC is a source of frequent discussion on social media sites and discussion forums.</p><p><blockquote><ul><li>AMC的股价与经营业绩无关。</li><li>电影院的上座率正在下降。</li><li>冠状病毒大流行正在限制运营。</li></ul><b>AMC院线集团</b>（纽约证券交易所股票代码：AMC）让许多投资者感到好奇。该股票引发了许多头条新闻，AMC也是社交媒体网站和论坛上频繁讨论的来源。</blockquote></p><p> AMC stock is up nearly 2,000% in 2021, and it has some people asking themselves if they are missing out on the ride of a lifetime. Let's look closer at the popular meme stock and determine if you should buy AMC stock right now.</p><p><blockquote>AMC股价在2021年上涨了近2,000%，这让一些人问自己，他们是否错过了一生的旅程。让我们仔细看看流行的模因股票，并确定您现在是否应该购买AMC股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91d130a094fd82a5407017364a82aad1\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>AMC STOCK IS UP NEARLY 2,000% THIS YEAR. IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMC股价今年上涨了近2,000%。图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Why AMC stock keeps climbing higher</b></p><p><blockquote><b>为什么AMC股价不断攀升</b></blockquote></p><p> First, it's important to note the company's rising&nbsp;stock&nbsp;price has little to do with its operating performance. AMC's business was devastated during the pandemic. While it is slowly bouncing back, the company is still losing money every quarter. There is no telling when or if the company will generate profits on the bottom line.</p><p><blockquote>首先，需要注意的是，公司股价上涨与其经营业绩关系不大。AMC的业务在疫情期间遭到重创。虽然正在缓慢反弹，但该公司每个季度仍在亏损。目前尚不清楚该公司何时或是否会实现盈利。</blockquote></p><p> Rather, its stock price is rising due to a large group of individuals collectively deciding to buy and hold the stock. Like many financial assets, when the demand goes up, the price moves in the same direction.</p><p><blockquote>相反，由于一大群个人集体决定购买并持有该股票，其股价正在上涨。与许多金融资产一样，当需求上升时，价格也会朝同一个方向变动。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd89ac8f9cd6fd071fc2a56a384ed088\" tg-width=\"720\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>AMC Profit Margin (Quarterly) data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCharts提供的AMC利润率（季度）数据</span></p></blockquote></p><p> <b>Looking at AMC's operating performance</b></p><p><blockquote><b>看AMC的经营业绩</b></blockquote></p><p> Since AMC generates nearly all of its revenue from people visiting theaters in person, the coronavirus pandemic was a catastrophe. What's more, AMC still had to come up with the rent payments on its theaters and interest payments to its lenders. Management has since negotiated some delays to those payments, but they are still accumulating.</p><p><blockquote>由于AMC几乎所有的收入都来自亲自去影院的人，冠状病毒大流行是一场灾难。更重要的是，AMC仍然必须支付影院租金和向贷方支付利息。此后，管理层就这些付款进行了一些延迟谈判，但这些付款仍在累积。</blockquote></p><p> Unlike a company with a high degree of variable expenses like&nbsp;<b>Uber</b>, which only pays drivers if they are with customers earning revenue, AMC has a high degree of fixed expenses that didn't decrease with the dropoff in revenue. AMC's business model&nbsp;works well when revenue is expanding&nbsp;because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.</p><p><blockquote>与可变费用较高的公司不同，例如<b>优步</b>AMC只有在与赚取收入的客户一起时才向司机支付费用，AMC的固定费用很高，但并没有随着收入的下降而减少。AMC的商业模式在收入扩张时效果良好，因为在收入增长时成本保持相对平稳，但在销售额下降时对公司不利。</blockquote></p><p> Indeed, AMC reported an operating loss of $1.5 billion in 2020 and has reported losses on the bottom line in three out of the last four years.</p><p><blockquote>事实上，AMC报告2020年运营亏损为15亿美元，并且过去四年中有三年盈利亏损。</blockquote></p><p> <b>Customer value proposition</b></p><p><blockquote><b>客户价值主张</b></blockquote></p><p> A confluence of factors has fewer people visiting movie theaters to watch films. From 2002 to 2019, tickets sold to view movies at the box office in the U.S. and Canada decreased from 1.58 billion to 1.24 billion. The factors can be combined and stated as the lessening degree of the quality difference between watching films at home and in a theater.</p><p><blockquote>多种因素的综合作用使得去电影院看电影的人越来越少。从2002年到2019年，美国和加拿大票房电影票从15.8亿张减少到12.4亿张。这些因素可以被组合并陈述为在家和在影院观看电影之间的质量差异的减小程度。</blockquote></p><p> Higher-quality TVs, better sound systems, and the rise of streaming services are all improving the home viewing experience. Meanwhile, the only noticeable upgrade in movie theaters has been replacing cloth chairs for leather power reclining seats -- an improvement, to be sure. At the same time the quality difference is narrowing, the price difference is expanding.</p><p><blockquote>更高质量的电视、更好的音响系统以及流媒体服务的兴起都在改善家庭观看体验。与此同时，电影院唯一值得注意的升级是用皮革电动躺椅取代了布椅——毫无疑问，这是一种进步。在质量差异缩小的同时，价格差异却在扩大。</blockquote></p><p> Consumers can subscribe to the&nbsp;<b>Disney</b>&nbsp;streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a&nbsp;<b>Netflix</b>&nbsp;subscription for less than $10 per month and entertain a whole family for less than $1 per day. That's in contrast to watching a film on the big screen at over $10 per ticket, even higher in some cities. Studios are increasingly putting blockbuster films straight onto their streaming services, giving viewers a compelling choice of content to choose from.</p><p><blockquote>消费者可以订阅<b>迪斯尼</b>每月不到15美元的流媒体捆绑包（Disney+、Hulu、ESPN+）和<b>Netflix</b>每月不到10美元的订阅费，每天不到1美元的费用招待整个家庭。相比之下，在大银幕上看一部电影的票价超过10美元，在一些城市甚至更高。电影公司越来越多地将大片直接放到他们的流媒体服务上，为观众提供了引人注目的内容选择。</blockquote></p><p> This trend is unlikely to reverse, as studios keep a higher share of film revenue if they don't have to split with movie theaters like AMC.</p><p><blockquote>这一趋势不太可能逆转，因为如果制片厂不必与AMC这样的电影院分割，它们将保留更高的电影收入份额。</blockquote></p><p> <b>The verdict</b></p><p><blockquote><b>判决</b></blockquote></p><p> The current operating environment for AMC is severely constrained, with a deadly virus still in circulation. Over the longer run, the secular popularity of streaming services and the increasing quality of the home viewing experience is bad news for AMC. Looking at the company's business prospects alone, youshould not invest in AMC stock right now.</p><p><blockquote>AMC目前的运营环境受到严重限制，致命病毒仍在传播。从长远来看，流媒体服务的长期流行和家庭观看体验质量的提高对AMC来说是个坏消息。仅从公司的业务前景来看，你现在不应该投资AMC股票。</blockquote></p><p></p>","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>Should You Invest in AMC Stock Right Now?<blockquote>您现在应该投资AMC股票吗？</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\">\nShould You Invest in AMC Stock Right Now?<blockquote>您现在应该投资AMC股票吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-09-06 11:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>AMC's stock price is detached from operating performance.</li>  <li>Movie theater attendance is declining.</li>  <li>The coronavirus pandemic is constraining operations.</li> </ul> <b>AMC Entertainment Group</b>(NYSE:AMC)&nbsp;has many investors curious. The stock inspires many headlines, and AMC is a source of frequent discussion on social media sites and discussion forums.</p><p><blockquote><ul><li>AMC的股价与经营业绩无关。</li><li>电影院的上座率正在下降。</li><li>冠状病毒大流行正在限制运营。</li></ul><b>AMC院线集团</b>（纽约证券交易所股票代码：AMC）让许多投资者感到好奇。该股票引发了许多头条新闻，AMC也是社交媒体网站和论坛上频繁讨论的来源。</blockquote></p><p> AMC stock is up nearly 2,000% in 2021, and it has some people asking themselves if they are missing out on the ride of a lifetime. Let's look closer at the popular meme stock and determine if you should buy AMC stock right now.</p><p><blockquote>AMC股价在2021年上涨了近2,000%，这让一些人问自己，他们是否错过了一生的旅程。让我们仔细看看流行的模因股票，并确定您现在是否应该购买AMC股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91d130a094fd82a5407017364a82aad1\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>AMC STOCK IS UP NEARLY 2,000% THIS YEAR. IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMC股价今年上涨了近2,000%。图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Why AMC stock keeps climbing higher</b></p><p><blockquote><b>为什么AMC股价不断攀升</b></blockquote></p><p> First, it's important to note the company's rising&nbsp;stock&nbsp;price has little to do with its operating performance. AMC's business was devastated during the pandemic. While it is slowly bouncing back, the company is still losing money every quarter. There is no telling when or if the company will generate profits on the bottom line.</p><p><blockquote>首先，需要注意的是，公司股价上涨与其经营业绩关系不大。AMC的业务在疫情期间遭到重创。虽然正在缓慢反弹，但该公司每个季度仍在亏损。目前尚不清楚该公司何时或是否会实现盈利。</blockquote></p><p> Rather, its stock price is rising due to a large group of individuals collectively deciding to buy and hold the stock. Like many financial assets, when the demand goes up, the price moves in the same direction.</p><p><blockquote>相反，由于一大群个人集体决定购买并持有该股票，其股价正在上涨。与许多金融资产一样，当需求上升时，价格也会朝同一个方向变动。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd89ac8f9cd6fd071fc2a56a384ed088\" tg-width=\"720\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>AMC Profit Margin (Quarterly) data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCharts提供的AMC利润率（季度）数据</span></p></blockquote></p><p> <b>Looking at AMC's operating performance</b></p><p><blockquote><b>看AMC的经营业绩</b></blockquote></p><p> Since AMC generates nearly all of its revenue from people visiting theaters in person, the coronavirus pandemic was a catastrophe. What's more, AMC still had to come up with the rent payments on its theaters and interest payments to its lenders. Management has since negotiated some delays to those payments, but they are still accumulating.</p><p><blockquote>由于AMC几乎所有的收入都来自亲自去影院的人，冠状病毒大流行是一场灾难。更重要的是，AMC仍然必须支付影院租金和向贷方支付利息。此后，管理层就这些付款进行了一些延迟谈判，但这些付款仍在累积。</blockquote></p><p> Unlike a company with a high degree of variable expenses like&nbsp;<b>Uber</b>, which only pays drivers if they are with customers earning revenue, AMC has a high degree of fixed expenses that didn't decrease with the dropoff in revenue. AMC's business model&nbsp;works well when revenue is expanding&nbsp;because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.</p><p><blockquote>与可变费用较高的公司不同，例如<b>优步</b>AMC只有在与赚取收入的客户一起时才向司机支付费用，AMC的固定费用很高，但并没有随着收入的下降而减少。AMC的商业模式在收入扩张时效果良好，因为在收入增长时成本保持相对平稳，但在销售额下降时对公司不利。</blockquote></p><p> Indeed, AMC reported an operating loss of $1.5 billion in 2020 and has reported losses on the bottom line in three out of the last four years.</p><p><blockquote>事实上，AMC报告2020年运营亏损为15亿美元，并且过去四年中有三年盈利亏损。</blockquote></p><p> <b>Customer value proposition</b></p><p><blockquote><b>客户价值主张</b></blockquote></p><p> A confluence of factors has fewer people visiting movie theaters to watch films. From 2002 to 2019, tickets sold to view movies at the box office in the U.S. and Canada decreased from 1.58 billion to 1.24 billion. The factors can be combined and stated as the lessening degree of the quality difference between watching films at home and in a theater.</p><p><blockquote>多种因素的综合作用使得去电影院看电影的人越来越少。从2002年到2019年，美国和加拿大票房电影票从15.8亿张减少到12.4亿张。这些因素可以被组合并陈述为在家和在影院观看电影之间的质量差异的减小程度。</blockquote></p><p> Higher-quality TVs, better sound systems, and the rise of streaming services are all improving the home viewing experience. Meanwhile, the only noticeable upgrade in movie theaters has been replacing cloth chairs for leather power reclining seats -- an improvement, to be sure. At the same time the quality difference is narrowing, the price difference is expanding.</p><p><blockquote>更高质量的电视、更好的音响系统以及流媒体服务的兴起都在改善家庭观看体验。与此同时，电影院唯一值得注意的升级是用皮革电动躺椅取代了布椅——毫无疑问，这是一种进步。在质量差异缩小的同时，价格差异却在扩大。</blockquote></p><p> Consumers can subscribe to the&nbsp;<b>Disney</b>&nbsp;streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a&nbsp;<b>Netflix</b>&nbsp;subscription for less than $10 per month and entertain a whole family for less than $1 per day. That's in contrast to watching a film on the big screen at over $10 per ticket, even higher in some cities. Studios are increasingly putting blockbuster films straight onto their streaming services, giving viewers a compelling choice of content to choose from.</p><p><blockquote>消费者可以订阅<b>迪斯尼</b>每月不到15美元的流媒体捆绑包（Disney+、Hulu、ESPN+）和<b>Netflix</b>每月不到10美元的订阅费，每天不到1美元的费用招待整个家庭。相比之下，在大银幕上看一部电影的票价超过10美元，在一些城市甚至更高。电影公司越来越多地将大片直接放到他们的流媒体服务上，为观众提供了引人注目的内容选择。</blockquote></p><p> This trend is unlikely to reverse, as studios keep a higher share of film revenue if they don't have to split with movie theaters like AMC.</p><p><blockquote>这一趋势不太可能逆转，因为如果制片厂不必与AMC这样的电影院分割，它们将保留更高的电影收入份额。</blockquote></p><p> <b>The verdict</b></p><p><blockquote><b>判决</b></blockquote></p><p> The current operating environment for AMC is severely constrained, with a deadly virus still in circulation. Over the longer run, the secular popularity of streaming services and the increasing quality of the home viewing experience is bad news for AMC. Looking at the company's business prospects alone, youshould not invest in AMC stock right now.</p><p><blockquote>AMC目前的运营环境受到严重限制，致命病毒仍在传播。从长远来看，流媒体服务的长期流行和家庭观看体验质量的提高对AMC来说是个坏消息。仅从公司的业务前景来看，你现在不应该投资AMC股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/09/05/should-you-invest-in-amc-stock-right-now/\">Motley Fool</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":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/09/05/should-you-invest-in-amc-stock-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139285076","content_text":"Key Points\n\nAMC's stock price is detached from operating performance.\nMovie theater attendance is declining.\nThe coronavirus pandemic is constraining operations.\n\nAMC Entertainment Group(NYSE:AMC) has many investors curious. The stock inspires many headlines, and AMC is a source of frequent discussion on social media sites and discussion forums.\nAMC stock is up nearly 2,000% in 2021, and it has some people asking themselves if they are missing out on the ride of a lifetime. Let's look closer at the popular meme stock and determine if you should buy AMC stock right now.\nAMC STOCK IS UP NEARLY 2,000% THIS YEAR. IMAGE SOURCE: GETTY IMAGES.\nWhy AMC stock keeps climbing higher\nFirst, it's important to note the company's rising stock price has little to do with its operating performance. AMC's business was devastated during the pandemic. While it is slowly bouncing back, the company is still losing money every quarter. There is no telling when or if the company will generate profits on the bottom line.\nRather, its stock price is rising due to a large group of individuals collectively deciding to buy and hold the stock. Like many financial assets, when the demand goes up, the price moves in the same direction.\nAMC Profit Margin (Quarterly) data by YCharts\nLooking at AMC's operating performance\nSince AMC generates nearly all of its revenue from people visiting theaters in person, the coronavirus pandemic was a catastrophe. What's more, AMC still had to come up with the rent payments on its theaters and interest payments to its lenders. Management has since negotiated some delays to those payments, but they are still accumulating.\nUnlike a company with a high degree of variable expenses like Uber, which only pays drivers if they are with customers earning revenue, AMC has a high degree of fixed expenses that didn't decrease with the dropoff in revenue. AMC's business model works well when revenue is expanding because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.\nIndeed, AMC reported an operating loss of $1.5 billion in 2020 and has reported losses on the bottom line in three out of the last four years.\nCustomer value proposition\nA confluence of factors has fewer people visiting movie theaters to watch films. From 2002 to 2019, tickets sold to view movies at the box office in the U.S. and Canada decreased from 1.58 billion to 1.24 billion. The factors can be combined and stated as the lessening degree of the quality difference between watching films at home and in a theater.\nHigher-quality TVs, better sound systems, and the rise of streaming services are all improving the home viewing experience. Meanwhile, the only noticeable upgrade in movie theaters has been replacing cloth chairs for leather power reclining seats -- an improvement, to be sure. At the same time the quality difference is narrowing, the price difference is expanding.\nConsumers can subscribe to the Disney streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a Netflix subscription for less than $10 per month and entertain a whole family for less than $1 per day. That's in contrast to watching a film on the big screen at over $10 per ticket, even higher in some cities. Studios are increasingly putting blockbuster films straight onto their streaming services, giving viewers a compelling choice of content to choose from.\nThis trend is unlikely to reverse, as studios keep a higher share of film revenue if they don't have to split with movie theaters like AMC.\nThe verdict\nThe current operating environment for AMC is severely constrained, with a deadly virus still in circulation. Over the longer run, the secular popularity of streaming services and the increasing quality of the home viewing experience is bad news for AMC. Looking at the company's business prospects alone, youshould not invest in AMC stock right now.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170761227,"gmtCreate":1626452060969,"gmtModify":1626452060969,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"FOOL","listText":"FOOL","text":"FOOL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170761227","repostId":"2151892500","repostType":2,"isVote":1,"tweetType":1,"viewCount":721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150614897,"gmtCreate":1624896139519,"gmtModify":1624896139519,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"涨了这么久，还迷因？","listText":"涨了这么久，还迷因？","text":"涨了这么久，还迷因？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150614897","repostId":"1148481357","repostType":2,"repost":{"id":"1148481357","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624888651,"share":"https://www.laohu8.com/m/news/1148481357?lang=zh_CN&edition=full","pubTime":"2021-06-28 21:57","market":"us","language":"en","title":"Meme stocks are blazing hot, once again.<blockquote>模因股票再次炙手可热。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148481357","media":"Tiger Newspress","summary":"Meme stocks are blazing hot, once again.CCIV,Workhorse,GameStop,AMC and Bed Bath & Beyond climbed be","content":"<p>Meme stocks are blazing hot, once again.CCIV,Workhorse,GameStop,AMC and Bed Bath &amp; Beyond climbed between 5% and 7%.</p><p><blockquote>Meme股票再次炙手可热。CCIV、Workhorse、游戏驿站、AMC和Bed Bath&amp;Beyond股价上涨5%至7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fb2694f87fdac29278fbf2a583a1bf36\" tg-width=\"390\" tg-height=\"743\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","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>Meme stocks are blazing hot, once again.<blockquote>模因股票再次炙手可热。</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\">\nMeme stocks are blazing hot, once again.<blockquote>模因股票再次炙手可热。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-28 21:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Meme stocks are blazing hot, once again.CCIV,Workhorse,GameStop,AMC and Bed Bath &amp; Beyond climbed between 5% and 7%.</p><p><blockquote>Meme股票再次炙手可热。CCIV、Workhorse、游戏驿站、AMC和Bed Bath&amp;Beyond股价上涨5%至7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fb2694f87fdac29278fbf2a583a1bf36\" tg-width=\"390\" tg-height=\"743\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc.","GME":"游戏驿站","AMC":"AMC院线","BBBY":"Bed Bath & Beyond, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148481357","content_text":"Meme stocks are blazing hot, once again.CCIV,Workhorse,GameStop,AMC and Bed Bath & Beyond climbed between 5% and 7%.","news_type":1,"symbols_score_info":{"CCIV":0.9,"WKHS":0.9,"BBBY":0.9,"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":3275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848428467,"gmtCreate":1636021700282,"gmtModify":1636021700282,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"到处发FUD，还不给评论，病猫","listText":"到处发FUD，还不给评论，病猫","text":"到处发FUD，还不给评论，病猫","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848428467","repostId":"1170845937","repostType":2,"repost":{"id":"1170845937","kind":"news","pubTimestamp":1636016985,"share":"https://www.laohu8.com/m/news/1170845937?lang=zh_CN&edition=full","pubTime":"2021-11-04 17:09","market":"us","language":"en","title":"AMC Entertainment Isn’t Worth $40 a Share Yet<blockquote>AMC院线每股价值还不到40美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170845937","media":"InvestorPlace","summary":"AMC stock may need more than bullish news to move higher","content":"<p><div> AMC Entertainment (NYSE:AMC) is making news again. For most of 2021, that has been a signal to the loyal AMC shareholders to send the stock to the moon. However, so far it looks like AMC stock is ...</p><p><blockquote><div>AMC院线（纽约证券交易所股票代码：AMC）再次制造新闻。在2021年的大部分时间里，这一直是向忠实的AMC股东发出的将股票送上月球的信号。然而，到目前为止，AMC股票似乎……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>AMC Entertainment Isn’t Worth $40 a Share Yet<blockquote>AMC院线每股价值还不到40美元</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\">\nAMC Entertainment Isn’t Worth $40 a Share Yet<blockquote>AMC院线每股价值还不到40美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-11-04 17:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> AMC Entertainment (NYSE:AMC) is making news again. For most of 2021, that has been a signal to the loyal AMC shareholders to send the stock to the moon. However, so far it looks like AMC stock is ...</p><p><blockquote><div>AMC院线（纽约证券交易所股票代码：AMC）再次制造新闻。在2021年的大部分时间里，这一直是向忠实的AMC股东发出的将股票送上月球的信号。然而，到目前为止，AMC股票似乎……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/\">InvestorPlace</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":{"AMC":"AMC院线"},"source_url":"https://investorplace.com/2021/11/amc-stock-may-need-more-than-headlines-to-move-higher/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170845937","content_text":"AMC Entertainment (NYSE:AMC) is making news again. For most of 2021, that has been a signal to the loyal AMC shareholders to send the stock to the moon. However, so far it looks like AMC stock is remaining relatively tame. That seems reasonable to me, but I’ll let you decide.\nOn Nov. 1, the company announced that its October ticket admission revenues were the highest for any single month since February 2020. As someone who is rooting for a strong economy, I celebrate that news. But I’m not sure it changes the narrative for AMC stock.\nAMC Shareholders Face Tough Math\nRevenue at the end of the company’s most recent quarter was $444.7 million. That was a home run compared to 2020. But it’s a far cry from the $1.2 billion it earned in the first quarter of 2019 or the $1.44 billion it earned in the same quarter in 2018. But to be fair, AMC is doing an exceptional job at improving its earnings outlook. And the company’s debt looks very manageable in the short term.\nBut does that mean AMC stock should be valued at over $40 a share? At the end of February 2020, AMC stock had a closing price of $6.26. That’s above the level of a penny stock, but it was over 50% lower than the end of February 2019.\nSigh. I know the diamond hands that are holding AMC don’t care. But the economy of 2018 and 2019 was firing on all cylinders. And AMC stock was falling for many reasons. Streaming had something to do with it. However, like e-commerce, streaming has become more pervasive not less. And the nation appears to be recovering from a public health crisis that may permanently change individual’s feelings about sitting in a theater for two hours.\nWill Cryptocurrency Capture the Coveted Consumers?\nIn other news, AMC is polling retail investors and inquiring whether the company should add Shiba Inu (CCC:SHIB-USD) to the list of cryptocurrencies the company is planning to accept as payment. This news is potentially more bullish for holders of AMC stock. By accepting cryptocurrency as a form of payment, the theater chain is betting on the coveted millennial and Gen-Z consumers.\nSadly, I can say that even if they did own Dogecoin (CCC:DOGE-USD), my kids would almost rather be anywhere but a movie theater. It’s simply not what they (or their friends) do. That’s one reason I believe if AMC thinks that declining attendance is due to a payment method, they’re missing the plot.\nThe Future of AMC Stock Remains Unclear\nOn its most recent earnings call in August, AMC chief executive officer Adam Aron fired up his shareholders (and scolded writers like me) by saying that the company is determined to prove the“conventional wisdom … wrong.”I’m not a shareholder so I hope for the “apes” who do own AMC that Aron is right. Personally, I love going to the movies and always have.\nBut my experience pre-pandemic was one of dwindling attendance. I don’t see that changing.\nMy opinion of AMC stock is solely tied to my belief in the future of the cinema experience. With that in mind, I regard the return of cinema viewers as the low-hanging fruit that was to be expected. Like cruise ships, airplanes and hotels, many people didn’t choose to stop going to the movies. The option was not available to them. It is logical to expect them to return.\nAt the same time, it’s too early to tell whether the cinema chain is attracting some “new” customers who had previously decided that the cinema experience is not for them. When I see evidence that is happening and is sticky, I’ll be more bullish. Until then, I salute the apes, but am staying away from AMC stock.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2451,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":824753882,"gmtCreate":1634358126486,"gmtModify":1634358126486,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"之前13f显示木头姐买了20多万股AMC","listText":"之前13f显示木头姐买了20多万股AMC","text":"之前13f显示木头姐买了20多万股AMC","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/824753882","repostId":"2175149901","repostType":2,"repost":{"id":"2175149901","kind":"highlight","pubTimestamp":1634341230,"share":"https://www.laohu8.com/m/news/2175149901?lang=zh_CN&edition=full","pubTime":"2021-10-16 07:40","market":"us","language":"zh","title":"“木头姐”对散户抱团股不屑一顾，称它们是“恐龙”","url":"https://stock-news.laohu8.com/highlight/detail?id=2175149901","media":"新浪财经","summary":"方舟投资公司的创始人“木头姐”伍德虽然偏好高估值的公司，但她对去年开始兴起的“散户抱团股”似乎不感兴趣。\n伍德此前在CFA协会澳大利亚分会2021年的投资会议上指出，投资者低估了一些科技公司可能出现的","content":"<p>方舟投资公司的创始人“木头姐”伍德虽然偏好高估值的公司，但她对去年开始兴起的“散户抱团股”似乎不感兴趣。</p>\n<p>伍德此前在CFA协会澳大利亚分会2021年的投资会议上指出，投资者低估了一些科技公司可能出现的指数级增长速度。她的基金正在寻找“下一个FAANGs”。</p>\n<p>而对于<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>、<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>等“散户抱团股”，她表示：“大多数这类型的股票都是‘恐龙’。”她指出她旗下基金拥有Robinhood（HOOD.US），可能是唯一一只人们认为属于“散户抱团股”的股票。</p>\n<p>伍德旗下的旗舰基金ARKK在去年和2021年初飙升，因为其对<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>的押注在疫情期间获得了空前的成功。但她的一些头寸，如<a href=\"https://laohu8.com/S/SPCE\">维珍银河</a>等则陷入困境，伍德在5月底清仓了该股票，ARKK也在最近出现了大规模的季度资金流出。</p>\n<p>伍德还在会议上重申了她对比特币的看好，并指出，如果机构投资者将其投资组合的5%分配给比特币，可以使价格增加50万美元。早些时候，伍德将自己公司的名字借给了ARK 21Shares Bitcoin ETF（ARKB.US）。根据6月份的一份文件，该ETF将跟踪世界上最大的加密货币（以标准普尔比特币指数衡量）的表现。</p>","source":"sina_us","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>“木头姐”对散户抱团股不屑一顾，称它们是“恐龙”</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; 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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\">\n“木头姐”对散户抱团股不屑一顾，称它们是“恐龙”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-16 07:40 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/usstock/c/2021-10-16/doc-iktzscyx9951339.shtml><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>方舟投资公司的创始人“木头姐”伍德虽然偏好高估值的公司，但她对去年开始兴起的“散户抱团股”似乎不感兴趣。\n伍德此前在CFA协会澳大利亚分会2021年的投资会议上指出，投资者低估了一些科技公司可能出现的指数级增长速度。她的基金正在寻找“下一个FAANGs”。\n而对于游戏驿站、AMC院线等“散户抱团股”，她表示：“大多数这类型的股票都是‘恐龙’。”她指出她旗下基金拥有Robinhood（HOOD.US...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-10-16/doc-iktzscyx9951339.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ac003416012a14c50ebe072506cdcadf","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-10-16/doc-iktzscyx9951339.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2175149901","content_text":"方舟投资公司的创始人“木头姐”伍德虽然偏好高估值的公司，但她对去年开始兴起的“散户抱团股”似乎不感兴趣。\n伍德此前在CFA协会澳大利亚分会2021年的投资会议上指出，投资者低估了一些科技公司可能出现的指数级增长速度。她的基金正在寻找“下一个FAANGs”。\n而对于游戏驿站、AMC院线等“散户抱团股”，她表示：“大多数这类型的股票都是‘恐龙’。”她指出她旗下基金拥有Robinhood（HOOD.US），可能是唯一一只人们认为属于“散户抱团股”的股票。\n伍德旗下的旗舰基金ARKK在去年和2021年初飙升，因为其对特斯拉的押注在疫情期间获得了空前的成功。但她的一些头寸，如维珍银河等则陷入困境，伍德在5月底清仓了该股票，ARKK也在最近出现了大规模的季度资金流出。\n伍德还在会议上重申了她对比特币的看好，并指出，如果机构投资者将其投资组合的5%分配给比特币，可以使价格增加50万美元。早些时候，伍德将自己公司的名字借给了ARK 21Shares Bitcoin ETF（ARKB.US）。根据6月份的一份文件，该ETF将跟踪世界上最大的加密货币（以标准普尔比特币指数衡量）的表现。","news_type":1,"symbols_score_info":{"GME":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":3634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":125391360,"gmtCreate":1624647666350,"gmtModify":1624647666350,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"thx, then buy n hodl.","listText":"thx, then buy n hodl.","text":"thx, then buy n hodl.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125391360","repostId":"2146072291","repostType":2,"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}