Forget AMC, Buy Disney Stock Instead
The pandemic has created difficulties for countless enterprises, but the entertainment industry has been hit particularly hard. Media giants like AMC Entertainment Holdings (NYSE: AMC) and Walt Disney (NYSE: DIS) have seen attendance plummet due to closures of theme parks and theaters. And the financial impact has weighed heavily on the top and bottom lines for both companies.
Despite this, Disney still looks like a great long-term investment, but I wouldn't buy AMC stock with free money. Here's why.
Less than a mile down the street from where I live, the AMC theater that was once a hotspot is now all but abandoned, the massive parking lot perpetually empty. And while that's just one location, the story is similar around the globe. In March 2020, AMC closed all of its theaters due to the coronavirus -- roughly 1,000 locations in 15 different countries.
Source Fool.com
