AMC Entertainment: The Numbers Don't Add Up
There's little question that when the curtain closes on 2021 in about three and a half months, this will be remembered as the "Year of the Retail Investor." Even though John and Jane Q. Public have been putting their money to work on Wall Street for more than a century, we've never seen retail investors influence the valuations of equities quite the way they have this year.
Although video game and accessories company GameStop is responsible for starting the retail investor-driven "meme stock" craze -- meme stocks are companies lauded more for the social media buzz they create than for their underlying operating performance -- it's movie theater chain AMC Entertainment (NYSE: AMC) that's become the symbol of the retail movement.
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Source Fool.com
