Down 90%, Is AMC Stock a Buy?
Embattled movie theater chain AMC Entertainment Holdings (NYSE: AMC) remains a popular stock with traders, even if most of the air has come out of the balloon stemming from the epic short squeeze of 2021. Today, the stock is down 90% from the peak of its glory years.
The stock has fallen enough that it's within shouting distance of pre-COVID-19 valuations, and investors can have a real conversation about buying the stock as a long-term investment. That answer depends on the company's ability to turn a profit. Unfortunately, there are some roadblocks to that happening soon.
Nobody knows for sure what the long-term impact of the pandemic is on the theater business, but it seems that attendance is taking a hit.
Source Fool.com
