个人中心 - 老虎社区

AhBrown

IP属地：未知

帖子 · 7帖子 · 7
关注 · 0关注 · 0
粉丝 · 0粉丝 · 0

- AhBrownAhBrown
  ·2021-08-06
  Not that bad
  非常抱歉，此主贴已删除
  690 评论
  点赞
  分享
  举报
- AhBrownAhBrown
  ·2021-07-31
  Not convinced
  非常抱歉，此主贴已删除
  665 1
  2
  分享
  举报
- AhBrownAhBrown
  ·2021-06-15
  Wait for US correction
  非常抱歉，此主贴已删除
  627 2
  点赞
  分享
  举报
- AhBrownAhBrown
  ·2021-06-10
  Not expensive but stagnant growth
  非常抱歉，此主贴已删除
  685 评论
  2
  分享
  举报
- AhBrownAhBrown
  ·2021-06-09
  Good time to collect more
  AMC dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?
  AMC dropped over 10% in morning trading. Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, S
  AMC dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?
  753 3
  2
  分享
  举报
- AhBrownAhBrown
  ·2021-06-09
  Good for employees
  非常抱歉，此主贴已删除
  588 1
  5
  分享
  举报
- AhBrownAhBrown
  ·2021-06-03
  Not convinced
  AMC Stock Is Surging Again. How to Make Sense of the Move.
  AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, th
  AMC Stock Is Surging Again. How to Make Sense of the Move.
  550 评论
  2
  分享
  举报

热议股票

{"i18n":{"language":"zh_CN"},"isCurrentUser":false,"userPageInfo":{"id":"3585456590253939","uuid":"3585456590253939","gmtCreate":1622364820182,"gmtModify":1622685899043,"name":"AhBrown","pinyin":"ahbrown","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/077217e3a80abd80d664d0d6229381b4","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":2,"headSize":15,"tweetSize":7,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.10.19","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":899212957,"gmtCreate":1628199238479,"gmtModify":1633752801730,"author":{"id":"3585456590253939","authorId":"3585456590253939","name":"AhBrown","avatar":"https://static.tigerbbs.com/077217e3a80abd80d664d0d6229381b4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585456590253939","authorIdStr":"3585456590253939"},"themes":[],"htmlText":"Not that bad","listText":"Not that bad","text":"Not that bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899212957","repostId":"2155890925","repostType":2,"isVote":1,"tweetType":1,"viewCount":690,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806279633,"gmtCreate":1627661294822,"gmtModify":1633757298713,"author":{"id":"3585456590253939","authorId":"3585456590253939","name":"AhBrown","avatar":"https://static.tigerbbs.com/077217e3a80abd80d664d0d6229381b4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585456590253939","authorIdStr":"3585456590253939"},"themes":[],"htmlText":"Not convinced","listText":"Not convinced","text":"Not convinced","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/806279633","repostId":"2155377091","repostType":4,"isVote":1,"tweetType":1,"viewCount":665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187842066,"gmtCreate":1623750287855,"gmtModify":1634029096756,"author":{"id":"3585456590253939","authorId":"3585456590253939","name":"AhBrown","avatar":"https://static.tigerbbs.com/077217e3a80abd80d664d0d6229381b4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585456590253939","authorIdStr":"3585456590253939"},"themes":[],"htmlText":"Wait for US correction","listText":"Wait for US correction","text":"Wait for US correction","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/187842066","repostId":"1193778475","repostType":4,"isVote":1,"tweetType":1,"viewCount":627,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183162313,"gmtCreate":1623315758532,"gmtModify":1634034666081,"author":{"id":"3585456590253939","authorId":"3585456590253939","name":"AhBrown","avatar":"https://static.tigerbbs.com/077217e3a80abd80d664d0d6229381b4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585456590253939","authorIdStr":"3585456590253939"},"themes":[],"htmlText":"Not expensive but stagnant growth","listText":"Not expensive but stagnant growth","text":"Not expensive but stagnant growth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183162313","repostId":"1151240906","repostType":2,"isVote":1,"tweetType":1,"viewCount":685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189874737,"gmtCreate":1623253505729,"gmtModify":1634035273753,"author":{"id":"3585456590253939","authorId":"3585456590253939","name":"AhBrown","avatar":"https://static.tigerbbs.com/077217e3a80abd80d664d0d6229381b4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585456590253939","authorIdStr":"3585456590253939"},"themes":[],"htmlText":"Good time to collect more","listText":"Good time to collect more","text":"Good time to collect more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/189874737","repostId":"1157991918","repostType":4,"repost":{"id":"1157991918","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":1623246947,"share":"https://www.laohu8.com/m/news/1157991918?lang=&edition=full","pubTime":"2021-06-09 21:55","market":"us","language":"en","title":"AMC dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=1157991918","media":"Tiger Newspress","summary":"AMC dropped over 10% in morning trading. Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, S","content":"<p>AMC dropped over 10% in morning trading.&nbsp;Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, Stock Chart Action, Mutual Fund Ownership Metrics Say.</p>\n<p><img src=\"https://static.tigerbbs.com/0c561ed81664985f5ab7c28caf5b1626\" tg-width=\"323\" tg-height=\"321\"></p>\n<p>Going to the movies is exciting. But can it match the action by<b>AMC Entertainment</b>(AMC)? Starting the year at just 2 a share,AMC stock has skyrocketed more than 36-foldto new all-time highs this past week.</p>\n<p>Shares at one point fell more than 30% on Thursday on news the company plans to sell up to 11.55 million shares — or roughly 2.6% of the total common shares outstanding. AMC later announced completion of the offering, raising $587 million. But in recent days, the stock is holding firm, and it's showing bullish inside action relative to some big daily moves over the past week.</p>\n<p>Given extraordinary gains since late May, is it perhaps time to take some profits off the table?&nbsp;After all, the May rally carries theelements of a climax run. Or is it a buy now?</p>\n<p>This story examines the fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company scores a good probability of making money for stock traders.</p>\n<p>Consider this stat: Prior to Wednesday's giant gain, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203% to Friday's intraday peak of 36.72. AMC stock almost finished up 100% or more for a second straight week. Incredible.</p>\n<p>Following the long Memorial Day holiday weekend, AMC jammed nearly 23% higher Tuesday after the company announced an agreement to sell 8.5 million shares at $27.15 per share to Mudrick Capital. AMC said the proceeds would go toward strategic acquisitions of \"additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres.\"</p>\n<p>Some of that money could also go toward paying down debt.</p>\n<p>AMC Stock: Do You Have An Exit Strategy?</p>\n<p>Some observers have expressed concern over the company's huge debt load ($5.4 billion in borrowings due one year from now or longer, as of March 31) vs. total assets ($10.5 billion) on the balance sheet.</p>\n<p>On May 24, shares rallied more than 13% despite news that its heretofore largest shareholder, China's Wanda Group, has sold most of its remaining shares in AMC.</p>\n<p>Earlier this year, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling. If you were watching or trading<b>GameStop</b>(GME), you likely were also keeping close tabs on AMC Entertainment.</p>\n<p>Are The Shorts Covering AMC Stock?</p>\n<p>When a stock shows ahigh level of short interestand is getting bid up, you can almost count on a chain reaction of buying to occur. Why? Short sellers, betting on a decline in the stock, often have to do an about-face. They cover their short position by buying back shares.</p>\n<p>According to the latest data analyzed byMarketSmith, theshort interest— or shares sold short by individual and professional investors —&nbsp; is currently 0.7 times AMC stock's daily average volume of 132 million shares, or roughly 92 million shares. That's equivalent to 20% of the stock's entire float — huge. However, that amount may be skewed by the dramatic rise in daily share turnover.</p>\n<p>Still, short sellers had clearly been betting big on a future decline.</p>\n<p>TheInvestor's Business Daily teamwill keep close watch for any signs that short interest has dropped lately.</p>\n<p>Since late January, AMC stock has followed an extreme zigzag path.&nbsp;Just two weeks after that 20.36 peak, AMC crashed. Shares fell to as low as 5.26. Then came a huge second wave of buying, sending shares back in the low teens.</p>\n<p>Week to week, the stock (pumping its market value back up to $25 billion, 450.3 million shares outstanding and a float of 441.3 million) has lately seen its overall price range narrow. That's good as thenew base formed.</p>\n<p>Will AMC Stock Keep Rallying In The Long Term?</p>\n<p><img src=\"https://static.tigerbbs.com/e13c3bc5de41e6ab81d88a5d9e269528\" tg-width=\"831\" tg-height=\"454\" referrerpolicy=\"no-referrer\">Without a doubt, investors long in AMC are betting on a turnaround in fortunes.</p>\n<p>In 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to as much as 99% vs. year-ago levels. Such results would normally devastate most companies.</p>\n<p>But as movie theaters open across the country and boost seating capacity, Wall Street is banking on a tremendous rebound in the top line.</p>\n<p>Analysts polled by FactSet offer a consensus estimate of $375 million in second-quarter sales, up 1,884% from a minuscule $18.9 million in the year-ago quarter. Then they see sales rising an additional 561% in Q3 to $790 million and 575% in Q4 to $1.1 billion.</p>\n<p>Wall Street expects net losses of $3.33 a share for 2021, a far cry from the unadjusted $39.15 it lost last year. And the Street sees net losses shrinking further in 2022, to 96 cents a share. Both estimates have gotten revised slightly upward, a bullish sign.</p>\n<p>With big sales expected to arrive, you can expect cash flows to greatly improve.</p>\n<p>Key IBD Ratings</p>\n<p>The last time AMC paid a dividend came on March 23, 2020, at 3 cents per common share. If the company were to resume this cash payout, shareholders could attain an annualized 0.9% yield at the current price near 14 a share.</p>\n<p>For now, AMC scores poorly in many of IBD's proprietary ratings. Headed into Monday's trading, they include a 22Earnings Per Share Ratingon a scale of 1 to 99; an E for Sales + Profit Margins + Return on Equity (SMR) Rating; and a 56Composite Ratingon a scale of 1 (wizened) to 99 (wizardly).</p>\n<p>Meanwhile, AMC's movies industry group ranks in the top half of IBD's197 industry groupsin terms of six-month relative performance. Decent, but not outstanding. Mutual funds owning a stake in AMC rose to 203 at the end of March vs. 186 in Q4 of 2020. Some portfolio managers are eager to accumulate shares.</p>\n<p>AMC Stock Forecast</p>\n<p>When choosing growth stocks for the biggest potential gains based on theCAN SLIM investment paradigm, your chances of finding a true market leader improve when you focus on those with aComposite Ratingof 90 or higher. Shooting for a 95 or higher, particularly at the start of a new bull market, is even better.</p>\n<p>However, given that AMC stock is a turnaround play, it makes sense to place more emphasis on relative strength. AMC has that in spades.</p>\n<p>A 99Relative Strength Ratingon a scale of 1 to 99 means that the company has outperformed 99% of all stocks in the IBD database. Strong long-term performance? Indeed.The Accumulation/Distribution Rating, meanwhile, has jumped to a best-possible A+ grade on a scale of A to E.</p>\n<p>Plus, notice on the weekly chart and inMarketSmith, how therelative strength linehas been vaulting.</p>\n<p>The RS line, drawn in blue, compares a stock or ETF's moves vs. the S&amp;P 500.</p>\n<p>When a stock breaks out of anew base, prefer to see the RS line also running to new high ground. This means that a stock is now outperforming the general market.</p>\n<p>In essence, AMC created a boxy cup-like base over the past two months. That's plenty of time for asolid cup patternto form. This pattern produces aproper buy pointof 10 cents above the cup's left-side peak of 14.54 on March 18. So in AMC stock's case, thecorrect entrystood at 14.64. You want to see heavy volume on the breakout.</p>\n<p>Conclusion: Is It A Buy Now? Or A Sell?</p>\n<p>In effect,AMC stockhas staged astrong breakouttwice last week.</p>\n<p>First, AMC had to surpass 14.64 before becoming a new buy. The May 18 attempt was short-lived. However, a 20% gain on May 25 sent shares zooming past theproper buy point.</p>\n<p>The5% buy zonegoes up to 15.37, so the stock quickly got extended.</p>\n<p>As always, control your risk. Not all breakouts work, especially when thestock market uptrend is under pressure. The best time to buy? When IBD notes the stock market in aconfirmed uptrend, it signifies that buying demand is healthy among institutional investors.</p>\n<p>In stock investing, you want the wind at your back, not in your face.</p>\n<p>Last month, this story suggested keeping a close eye on how AMC stock handles potential upside resistance near 20. In fact, the action since that incredible week ended Jan. 29 could also be viewed as adeep cup pattern. From that vantage point, AMC delivered a second breakout, surpassing a new 20.46buy pointwith fury.</p>\n<p>To get this additional entry in acup without handle, simply add 10 cents to the cup's left-side high — in this case, 20.36. On May 27, shares rifled past this entry and has not looked back. Still, with gains of as much as 501% in just two weeks, it makes sense to lock in at least partial profits.</p>\n<p>And after you buy any stock with solid prospects,don't forget the golden rule of investing. Keeping your losses small keeps you in the investing game for the long haul.</p>\n<p>Yet at this point, AMC is sharply extended from anIBD-style entry point. Keep watching to see if a new base will form; this could set up a new breakout opportunity.</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 dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?</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 dropped over 10% in morning trading, Is AMC Stock A Buy Or Sell Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\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\">2021-06-09 21:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>AMC dropped over 10% in morning trading.&nbsp;Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, Stock Chart Action, Mutual Fund Ownership Metrics Say.</p>\n<p><img src=\"https://static.tigerbbs.com/0c561ed81664985f5ab7c28caf5b1626\" tg-width=\"323\" tg-height=\"321\"></p>\n<p>Going to the movies is exciting. But can it match the action by<b>AMC Entertainment</b>(AMC)? Starting the year at just 2 a share,AMC stock has skyrocketed more than 36-foldto new all-time highs this past week.</p>\n<p>Shares at one point fell more than 30% on Thursday on news the company plans to sell up to 11.55 million shares — or roughly 2.6% of the total common shares outstanding. AMC later announced completion of the offering, raising $587 million. But in recent days, the stock is holding firm, and it's showing bullish inside action relative to some big daily moves over the past week.</p>\n<p>Given extraordinary gains since late May, is it perhaps time to take some profits off the table?&nbsp;After all, the May rally carries theelements of a climax run. Or is it a buy now?</p>\n<p>This story examines the fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company scores a good probability of making money for stock traders.</p>\n<p>Consider this stat: Prior to Wednesday's giant gain, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203% to Friday's intraday peak of 36.72. AMC stock almost finished up 100% or more for a second straight week. Incredible.</p>\n<p>Following the long Memorial Day holiday weekend, AMC jammed nearly 23% higher Tuesday after the company announced an agreement to sell 8.5 million shares at $27.15 per share to Mudrick Capital. AMC said the proceeds would go toward strategic acquisitions of \"additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres.\"</p>\n<p>Some of that money could also go toward paying down debt.</p>\n<p>AMC Stock: Do You Have An Exit Strategy?</p>\n<p>Some observers have expressed concern over the company's huge debt load ($5.4 billion in borrowings due one year from now or longer, as of March 31) vs. total assets ($10.5 billion) on the balance sheet.</p>\n<p>On May 24, shares rallied more than 13% despite news that its heretofore largest shareholder, China's Wanda Group, has sold most of its remaining shares in AMC.</p>\n<p>Earlier this year, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling. If you were watching or trading<b>GameStop</b>(GME), you likely were also keeping close tabs on AMC Entertainment.</p>\n<p>Are The Shorts Covering AMC Stock?</p>\n<p>When a stock shows ahigh level of short interestand is getting bid up, you can almost count on a chain reaction of buying to occur. Why? Short sellers, betting on a decline in the stock, often have to do an about-face. They cover their short position by buying back shares.</p>\n<p>According to the latest data analyzed byMarketSmith, theshort interest— or shares sold short by individual and professional investors —&nbsp; is currently 0.7 times AMC stock's daily average volume of 132 million shares, or roughly 92 million shares. That's equivalent to 20% of the stock's entire float — huge. However, that amount may be skewed by the dramatic rise in daily share turnover.</p>\n<p>Still, short sellers had clearly been betting big on a future decline.</p>\n<p>TheInvestor's Business Daily teamwill keep close watch for any signs that short interest has dropped lately.</p>\n<p>Since late January, AMC stock has followed an extreme zigzag path.&nbsp;Just two weeks after that 20.36 peak, AMC crashed. Shares fell to as low as 5.26. Then came a huge second wave of buying, sending shares back in the low teens.</p>\n<p>Week to week, the stock (pumping its market value back up to $25 billion, 450.3 million shares outstanding and a float of 441.3 million) has lately seen its overall price range narrow. That's good as thenew base formed.</p>\n<p>Will AMC Stock Keep Rallying In The Long Term?</p>\n<p><img src=\"https://static.tigerbbs.com/e13c3bc5de41e6ab81d88a5d9e269528\" tg-width=\"831\" tg-height=\"454\" referrerpolicy=\"no-referrer\">Without a doubt, investors long in AMC are betting on a turnaround in fortunes.</p>\n<p>In 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to as much as 99% vs. year-ago levels. Such results would normally devastate most companies.</p>\n<p>But as movie theaters open across the country and boost seating capacity, Wall Street is banking on a tremendous rebound in the top line.</p>\n<p>Analysts polled by FactSet offer a consensus estimate of $375 million in second-quarter sales, up 1,884% from a minuscule $18.9 million in the year-ago quarter. Then they see sales rising an additional 561% in Q3 to $790 million and 575% in Q4 to $1.1 billion.</p>\n<p>Wall Street expects net losses of $3.33 a share for 2021, a far cry from the unadjusted $39.15 it lost last year. And the Street sees net losses shrinking further in 2022, to 96 cents a share. Both estimates have gotten revised slightly upward, a bullish sign.</p>\n<p>With big sales expected to arrive, you can expect cash flows to greatly improve.</p>\n<p>Key IBD Ratings</p>\n<p>The last time AMC paid a dividend came on March 23, 2020, at 3 cents per common share. If the company were to resume this cash payout, shareholders could attain an annualized 0.9% yield at the current price near 14 a share.</p>\n<p>For now, AMC scores poorly in many of IBD's proprietary ratings. Headed into Monday's trading, they include a 22Earnings Per Share Ratingon a scale of 1 to 99; an E for Sales + Profit Margins + Return on Equity (SMR) Rating; and a 56Composite Ratingon a scale of 1 (wizened) to 99 (wizardly).</p>\n<p>Meanwhile, AMC's movies industry group ranks in the top half of IBD's197 industry groupsin terms of six-month relative performance. Decent, but not outstanding. Mutual funds owning a stake in AMC rose to 203 at the end of March vs. 186 in Q4 of 2020. Some portfolio managers are eager to accumulate shares.</p>\n<p>AMC Stock Forecast</p>\n<p>When choosing growth stocks for the biggest potential gains based on theCAN SLIM investment paradigm, your chances of finding a true market leader improve when you focus on those with aComposite Ratingof 90 or higher. Shooting for a 95 or higher, particularly at the start of a new bull market, is even better.</p>\n<p>However, given that AMC stock is a turnaround play, it makes sense to place more emphasis on relative strength. AMC has that in spades.</p>\n<p>A 99Relative Strength Ratingon a scale of 1 to 99 means that the company has outperformed 99% of all stocks in the IBD database. Strong long-term performance? Indeed.The Accumulation/Distribution Rating, meanwhile, has jumped to a best-possible A+ grade on a scale of A to E.</p>\n<p>Plus, notice on the weekly chart and inMarketSmith, how therelative strength linehas been vaulting.</p>\n<p>The RS line, drawn in blue, compares a stock or ETF's moves vs. the S&amp;P 500.</p>\n<p>When a stock breaks out of anew base, prefer to see the RS line also running to new high ground. This means that a stock is now outperforming the general market.</p>\n<p>In essence, AMC created a boxy cup-like base over the past two months. That's plenty of time for asolid cup patternto form. This pattern produces aproper buy pointof 10 cents above the cup's left-side peak of 14.54 on March 18. So in AMC stock's case, thecorrect entrystood at 14.64. You want to see heavy volume on the breakout.</p>\n<p>Conclusion: Is It A Buy Now? Or A Sell?</p>\n<p>In effect,AMC stockhas staged astrong breakouttwice last week.</p>\n<p>First, AMC had to surpass 14.64 before becoming a new buy. The May 18 attempt was short-lived. However, a 20% gain on May 25 sent shares zooming past theproper buy point.</p>\n<p>The5% buy zonegoes up to 15.37, so the stock quickly got extended.</p>\n<p>As always, control your risk. Not all breakouts work, especially when thestock market uptrend is under pressure. The best time to buy? When IBD notes the stock market in aconfirmed uptrend, it signifies that buying demand is healthy among institutional investors.</p>\n<p>In stock investing, you want the wind at your back, not in your face.</p>\n<p>Last month, this story suggested keeping a close eye on how AMC stock handles potential upside resistance near 20. In fact, the action since that incredible week ended Jan. 29 could also be viewed as adeep cup pattern. From that vantage point, AMC delivered a second breakout, surpassing a new 20.46buy pointwith fury.</p>\n<p>To get this additional entry in acup without handle, simply add 10 cents to the cup's left-side high — in this case, 20.36. On May 27, shares rifled past this entry and has not looked back. Still, with gains of as much as 501% in just two weeks, it makes sense to lock in at least partial profits.</p>\n<p>And after you buy any stock with solid prospects,don't forget the golden rule of investing. Keeping your losses small keeps you in the investing game for the long haul.</p>\n<p>Yet at this point, AMC is sharply extended from anIBD-style entry point. Keep watching to see if a new base will form; this could set up a new breakout opportunity.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157991918","content_text":"AMC dropped over 10% in morning trading. Is AMC Stock A Buy Or Sell Now? Here's What Fundamentals, Stock Chart Action, Mutual Fund Ownership Metrics Say.\n\nGoing to the movies is exciting. But can it match the action byAMC Entertainment(AMC)? Starting the year at just 2 a share,AMC stock has skyrocketed more than 36-foldto new all-time highs this past week.\nShares at one point fell more than 30% on Thursday on news the company plans to sell up to 11.55 million shares — or roughly 2.6% of the total common shares outstanding. AMC later announced completion of the offering, raising $587 million. But in recent days, the stock is holding firm, and it's showing bullish inside action relative to some big daily moves over the past week.\nGiven extraordinary gains since late May, is it perhaps time to take some profits off the table? After all, the May rally carries theelements of a climax run. Or is it a buy now?\nThis story examines the fundamental, technical and fund ownership factors to determine if the Leawood, Kan., company scores a good probability of making money for stock traders.\nConsider this stat: Prior to Wednesday's giant gain, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203% to Friday's intraday peak of 36.72. AMC stock almost finished up 100% or more for a second straight week. Incredible.\nFollowing the long Memorial Day holiday weekend, AMC jammed nearly 23% higher Tuesday after the company announced an agreement to sell 8.5 million shares at $27.15 per share to Mudrick Capital. AMC said the proceeds would go toward strategic acquisitions of \"additional theatre leases, as well as investments to enhance the consumer appeal of AMC's existing theatres.\"\nSome of that money could also go toward paying down debt.\nAMC Stock: Do You Have An Exit Strategy?\nSome observers have expressed concern over the company's huge debt load ($5.4 billion in borrowings due one year from now or longer, as of March 31) vs. total assets ($10.5 billion) on the balance sheet.\nOn May 24, shares rallied more than 13% despite news that its heretofore largest shareholder, China's Wanda Group, has sold most of its remaining shares in AMC.\nEarlier this year, WallStreetBets chat-room traders on Reddit joined in unison in buying shares and bullish call options in AMC stock. They did the same in a band of other companies that had been heavily sold short and struggling. If you were watching or tradingGameStop(GME), you likely were also keeping close tabs on AMC Entertainment.\nAre The Shorts Covering AMC Stock?\nWhen a stock shows ahigh level of short interestand is getting bid up, you can almost count on a chain reaction of buying to occur. Why? Short sellers, betting on a decline in the stock, often have to do an about-face. They cover their short position by buying back shares.\nAccording to the latest data analyzed byMarketSmith, theshort interest— or shares sold short by individual and professional investors —  is currently 0.7 times AMC stock's daily average volume of 132 million shares, or roughly 92 million shares. That's equivalent to 20% of the stock's entire float — huge. However, that amount may be skewed by the dramatic rise in daily share turnover.\nStill, short sellers had clearly been betting big on a future decline.\nTheInvestor's Business Daily teamwill keep close watch for any signs that short interest has dropped lately.\nSince late January, AMC stock has followed an extreme zigzag path. Just two weeks after that 20.36 peak, AMC crashed. Shares fell to as low as 5.26. Then came a huge second wave of buying, sending shares back in the low teens.\nWeek to week, the stock (pumping its market value back up to $25 billion, 450.3 million shares outstanding and a float of 441.3 million) has lately seen its overall price range narrow. That's good as thenew base formed.\nWill AMC Stock Keep Rallying In The Long Term?\nWithout a doubt, investors long in AMC are betting on a turnaround in fortunes.\nIn 2020, AMC lost $16.15 a share. Over the past five quarters, the company's sales have shrunk 22% to as much as 99% vs. year-ago levels. Such results would normally devastate most companies.\nBut as movie theaters open across the country and boost seating capacity, Wall Street is banking on a tremendous rebound in the top line.\nAnalysts polled by FactSet offer a consensus estimate of $375 million in second-quarter sales, up 1,884% from a minuscule $18.9 million in the year-ago quarter. Then they see sales rising an additional 561% in Q3 to $790 million and 575% in Q4 to $1.1 billion.\nWall Street expects net losses of $3.33 a share for 2021, a far cry from the unadjusted $39.15 it lost last year. And the Street sees net losses shrinking further in 2022, to 96 cents a share. Both estimates have gotten revised slightly upward, a bullish sign.\nWith big sales expected to arrive, you can expect cash flows to greatly improve.\nKey IBD Ratings\nThe last time AMC paid a dividend came on March 23, 2020, at 3 cents per common share. If the company were to resume this cash payout, shareholders could attain an annualized 0.9% yield at the current price near 14 a share.\nFor now, AMC scores poorly in many of IBD's proprietary ratings. Headed into Monday's trading, they include a 22Earnings Per Share Ratingon a scale of 1 to 99; an E for Sales + Profit Margins + Return on Equity (SMR) Rating; and a 56Composite Ratingon a scale of 1 (wizened) to 99 (wizardly).\nMeanwhile, AMC's movies industry group ranks in the top half of IBD's197 industry groupsin terms of six-month relative performance. Decent, but not outstanding. Mutual funds owning a stake in AMC rose to 203 at the end of March vs. 186 in Q4 of 2020. Some portfolio managers are eager to accumulate shares.\nAMC Stock Forecast\nWhen choosing growth stocks for the biggest potential gains based on theCAN SLIM investment paradigm, your chances of finding a true market leader improve when you focus on those with aComposite Ratingof 90 or higher. Shooting for a 95 or higher, particularly at the start of a new bull market, is even better.\nHowever, given that AMC stock is a turnaround play, it makes sense to place more emphasis on relative strength. AMC has that in spades.\nA 99Relative Strength Ratingon a scale of 1 to 99 means that the company has outperformed 99% of all stocks in the IBD database. Strong long-term performance? Indeed.The Accumulation/Distribution Rating, meanwhile, has jumped to a best-possible A+ grade on a scale of A to E.\nPlus, notice on the weekly chart and inMarketSmith, how therelative strength linehas been vaulting.\nThe RS line, drawn in blue, compares a stock or ETF's moves vs. the S&P 500.\nWhen a stock breaks out of anew base, prefer to see the RS line also running to new high ground. This means that a stock is now outperforming the general market.\nIn essence, AMC created a boxy cup-like base over the past two months. That's plenty of time for asolid cup patternto form. This pattern produces aproper buy pointof 10 cents above the cup's left-side peak of 14.54 on March 18. So in AMC stock's case, thecorrect entrystood at 14.64. You want to see heavy volume on the breakout.\nConclusion: Is It A Buy Now? Or A Sell?\nIn effect,AMC stockhas staged astrong breakouttwice last week.\nFirst, AMC had to surpass 14.64 before becoming a new buy. The May 18 attempt was short-lived. However, a 20% gain on May 25 sent shares zooming past theproper buy point.\nThe5% buy zonegoes up to 15.37, so the stock quickly got extended.\nAs always, control your risk. Not all breakouts work, especially when thestock market uptrend is under pressure. The best time to buy? When IBD notes the stock market in aconfirmed uptrend, it signifies that buying demand is healthy among institutional investors.\nIn stock investing, you want the wind at your back, not in your face.\nLast month, this story suggested keeping a close eye on how AMC stock handles potential upside resistance near 20. In fact, the action since that incredible week ended Jan. 29 could also be viewed as adeep cup pattern. From that vantage point, AMC delivered a second breakout, surpassing a new 20.46buy pointwith fury.\nTo get this additional entry in acup without handle, simply add 10 cents to the cup's left-side high — in this case, 20.36. On May 27, shares rifled past this entry and has not looked back. Still, with gains of as much as 501% in just two weeks, it makes sense to lock in at least partial profits.\nAnd after you buy any stock with solid prospects,don't forget the golden rule of investing. Keeping your losses small keeps you in the investing game for the long haul.\nYet at this point, AMC is sharply extended from anIBD-style entry point. Keep watching to see if a new base will form; this could set up a new breakout opportunity.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180413045,"gmtCreate":1623218720587,"gmtModify":1634035670704,"author":{"id":"3585456590253939","authorId":"3585456590253939","name":"AhBrown","avatar":"https://static.tigerbbs.com/077217e3a80abd80d664d0d6229381b4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585456590253939","authorIdStr":"3585456590253939"},"themes":[],"htmlText":"Good for employees","listText":"Good for employees","text":"Good for employees","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/180413045","repostId":"2142429852","repostType":4,"isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111340252,"gmtCreate":1622654720076,"gmtModify":1634099490166,"author":{"id":"3585456590253939","authorId":"3585456590253939","name":"AhBrown","avatar":"https://static.tigerbbs.com/077217e3a80abd80d664d0d6229381b4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585456590253939","authorIdStr":"3585456590253939"},"themes":[],"htmlText":"Not convinced","listText":"Not convinced","text":"Not convinced","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/111340252","repostId":"1188552613","repostType":4,"repost":{"id":"1188552613","kind":"news","pubTimestamp":1622627641,"share":"https://www.laohu8.com/m/news/1188552613?lang=&edition=full","pubTime":"2021-06-02 17:54","market":"us","language":"en","title":"AMC Stock Is Surging Again. How to Make Sense of the Move.","url":"https://stock-news.laohu8.com/highlight/detail?id=1188552613","media":"Barrons","summary":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, th","content":"<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of&nbsp;GameStop&nbsp;and&nbsp;BlackBerry&nbsp;into speculative territory.</p>\n<p>But it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.</p>\n<p>Shares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office.&nbsp;Shares were up another 34%, to $42.92, in premarket trading Wednesday.</p>\n<p>Even if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.</p>\n<p>AMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.</p>\n<p>So, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.</p>\n<p>Back then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.</p>\n<p>The upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&amp;P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.</p>\n<p>In those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.</p>\n<p>Maybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.</p>\n<p>If AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.</p>\n<p>Then, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&amp;P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.</p>\n<p>There are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.</p>\n<p>Also, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.</p>\n<p>AMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.</p>\n<p>There is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.</p>\n<p>AMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.</p>\n<p>Wall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.</p>\n<p>Analysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.</p>\n<p>And that’s just another way of saying that AMC bulls are a long way from making the math work.</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>AMC Stock Is Surging Again. How to Make Sense of the Move.</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 Stock Is Surging Again. How to Make Sense of the Move.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 17:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into ...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/amc-rockets-higher-is-it-worth-it-maybe-51622594691?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188552613","content_text":"AMC Entertainment‘s skyrocketing stock price would be easy to dismiss as just meme-trade madness, that social media-fueled investor frenzy that has launched the likes of GameStop and BlackBerry into speculative territory.\nBut it’s possible that traditional investors have missed a fundamental change in the movie theater business—and it wouldn’t be the first time.\nShares of AMC (ticker: AMC) surged 23% on Tuesday, closing at $32.04—just off an all-time high of $36.72 set in late May. That puts the movie-theater chain’s market capitalization at roughly $16 billion, more than 15 times what it was in 2018, a record-breaking year at the box office. Shares were up another 34%, to $42.92, in premarket trading Wednesday.\nEven if investors missed an inflection point, though, the math doesn’t add up. The reason might be that market cap isn’t the right measure. Maybe it’s enterprise value, which is essentially market cap and debt. AMC’s enterprise value is about $26 billion, compared with $6.2 billion or so at the end of 2018.\nAMC added debt during the pandemic as theaters in the country’s biggest cities were dark for months. And the numbers make it easy to understand why: The U.S. box office in 2020 generated about $2.1 billion in ticket sales, down 81% from the 2018 record of $11.9 billion.\nSo, it seems investors have been vexed by movie theater economics. But it wouldn’t be the first time. The industry essentially went belly up at the turn of the millennium. Regal Cinemas, for instance, declared bankruptcy in 2001.\nBack then, the industry had plenty of capacity because of a new theater design—stadium seating that gave a better view of the screen. That shift meant movie theater chains had to renovate or risk losing all their patrons to movie theaters that offered the better view. In the end, too many seats and not enough patrons meant the return on the stadium-seating investments never materialized.\nThe upshot was consolidation. With fewer operators, the number of screens stabilized. Between 2002 and 2007, Regal Cinemas became a cash-generating machine because the stock was mispriced. The stock returned 21% a year on average. The S&P 500 and Dow Jones Industrial Average both returned less than 9% a year on average over the same period.\nIn those days, Regal Cinema’s enterprise value about $5 billion, or about 50% of total U.S. box office sales. That’s far short of AMC today. Something new has to be different for AMC to be worth it.\nMaybe the movie theater business is going to go through another period of consolidation, which can usher in another golden age of returns. AMC’s Tuesday gains, in fact, were catalyzed by new capital raised so the company could go on the offensive, acquiring defunct chains. Monopolies, after all, can be good for stock returns.\nIf AMC can increase market share and the U.S. box office sales can return to 2018 levels in a few years, total sales at might be $9 billion—$6 billion from tickets and $3 billion from concessions. Sales in 2018 amounted to $5.5 billion.\nThen, with better gross profit margins derived from larger scale, AMC might be able to generate $600 million in free cash flow annually, which puts the stock at about a 4% free cash flow yield. The S&P 500 trades for about a 3% free cash flow yield. The numbers can work—if they’re stretched.\nThere are problems with this scenario, though. There are lots of ifs and mights—and AMC has never generated cash flow like that in the past. Arriving at $600 million in free cash flow is more about justifying current valuations than predicting what is likely.\nAlso, with mergers and acquisitions, AMC market shares might rise, but there are still competitors. Regal Cinemas is still out there, owned by Cineworld Holdings (CINE. London). So is Cinemark (CNK). There’s not a true monopoly.\nAMC and its peers have to deal with streaming, too. Windows for exclusive theater showings are shrinking. The pandemic has accelerated that. And if AMC gets too large and demanding for movie makers, the talent can always go to streaming faster, hurting box office sales.\nThere is also the problem of the peer stocks. They aren’t trading like this is a brave new world for theaters. Cineworld stock is up 484% from its 52-week low, but shares are still off 72% from all-time highs. Cinemark shares are up 222% from their 52-week low. They are down 47% from their all-time high.\nAMC stock, again, is up almost 1,600% from its 52-week low and is down just 13% from its May all-time high.\nWall Street just doesn’t see the potential either. Nine analysts cover the stock. The average analyst price target is about $5. Before the pandemic, the average analyst price target was $15. But there were fewer shares back then. The old target enterprise value was roughly $7 billion. It’s tough to get from $7 billion to $26 billion predicting better margins.\nAnalysts do have positive free cash flow modeled, though–$13 million in 2022 and $90 million in 2023. That’s a long way from $600 million.\nAnd that’s just another way of saying that AMC bulls are a long way from making the math work.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}