UnrealizedPotential
Thinks s/he gets paid by the post
- Joined
- May 21, 2014
- Messages
- 1,390
I am curious if anyone holds AMC entertainment Inc. stock.
I know like a lot of stocks it has been beaten down. I saw a video of the CEO of the stock say they have no revenue coming in due to the coronavirus resulting in the closures of its theatres.
So my questions are if anyone holds the stock, will you continue holding it? Or will you wait to see if they can get funding from the government to pay their bills? Mr. Adam Aron, President and CEO, was on CNBC recently and was asked if funding from the government was forthcoming for AMC and he drew a blank face, saying he no longer could hear the interviewer. AMC will likely try to restructure their fixed costs but it is unclear if they will be able to do so.
It looks bleak for this stock right now. How will they pay the rent ? How will they pay their bills? This stock could be a good opportunity or a death trap. I do not currently have a position in AMC but I am looking from afar. Any thoughts?
I know like a lot of stocks it has been beaten down. I saw a video of the CEO of the stock say they have no revenue coming in due to the coronavirus resulting in the closures of its theatres.
So my questions are if anyone holds the stock, will you continue holding it? Or will you wait to see if they can get funding from the government to pay their bills? Mr. Adam Aron, President and CEO, was on CNBC recently and was asked if funding from the government was forthcoming for AMC and he drew a blank face, saying he no longer could hear the interviewer. AMC will likely try to restructure their fixed costs but it is unclear if they will be able to do so.
It looks bleak for this stock right now. How will they pay the rent ? How will they pay their bills? This stock could be a good opportunity or a death trap. I do not currently have a position in AMC but I am looking from afar. Any thoughts?
Last edited: