3 Reasons to Avoid AMC Stock Like the Plague
AMC Entertainment Holdings (NYSE: AMC) stock has been a thriller over the last year and a half. The star of the show has been meme traders, but the company's fundamentals look dire, and management has been shareholder-unfriendly. Here are three reasons why investors should avoid the stock.
Now that movie theaters have fully reopened after being shuttered during COVID lockdowns, pent-up demand from movie-goers during the mid-May through Labor Day summer box office season should've been a blockbuster for theater stocks. Unfortunately, silver screen releases were scarce. Wide releases (shown on 2,000 or more screens) amounted to only 22 movies this summer, well short of the 42 in the summer 2019 campaign. Since the lockdowns, theater operators like AMC have been losing money.
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Source Fool.com
