RE: Bright future for AMC - Still has 1 billion cash on hand -Cinema and Theatre opening11 Mar 2021 08:02
Love golf, I presume you posted that here because you feel if AMC has a bright future then so does cineworld , if not then I think its in the wrong board.
I on the other hand think slightly different to AMC future stock price , yes thier are similarities in AMC and cineworld , both in debt , and both extremely likley to get through this pandemic , and come out the other side with a bumper slate of films.
However that's where it ends in my opinion , AMC has had a huge rise because of reddit , nothing more , yes it would of risen when they secured funding , and if you made money on the back of reddit then congratulations to you , genuinely I'm happy for you , after all that's why we are all here right?.
However please don't tell me the share price is justified other then a desire to burn the shorts , I like this idea but there will become a point where amc will have to announce quarterly earnings in the future and the stock price will act accordingly , I also believe the higher the price goes the more attractive it becomes for shorters , you only have to see the rise to 20 dollars and the drop that come after it , shorter im sure would of made some nice money of this.
I'm happy to ride the cine rocket , I still think we are undervalued but a more true s.p compared to AMC and while I can see this going up , I'm not convinced amc will be over 10 dollars this time in say 6 months , and if it was would be smaller profit then here.
My opinion only of course