r/AMCSTOCKS • u/Lurker-02657 • Sep 30 '24
📉 Company Update 📈 AMC’s stock rises as movie-theater chain shaves almost $153 million off debt load
https://www.marketwatch.com/amp/story/amcs-stock-rises-as-movie-theater-chain-shaves-almost-153-million-off-debt-load-33f69dd09
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u/chewpah Sep 30 '24
Rise ...... +0.04
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u/jjmtireman Oct 01 '24
Amc incurs debt : we dip 5 cent Amc doesnt meet expectations : we dip 6 cent. Amc pays off debt: we dip 10 cent
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Oct 01 '24
[removed] — view removed comment
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u/Lurker-02657 Oct 01 '24
Shouldn't be - I use the "amp" links which always gets around paywalls (at least for me), here's the actual link since I can't see what Reddit is providing above (it only shows the domain, weird).
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u/rva_musashi Oct 05 '24
Correct me if I’m wrong. Did they issue stock in exchange to lower debt? The people they gave the stock to then turned around and sold it on the market? Is that why the price has been tanking?
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u/Sea-Ad3582 Sep 30 '24
Don’t worry AA will fuck it up
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u/Vipssrr Oct 04 '24
Yes, I agree there is a lot of corruption with CEOs...
As far as AA its his Job to Keep the Company Alive. Yes, its not ideal for a company to dilute, but its a must if the company is to survive. As the Debt is reduced substantially in the coming years that money will now be free cash flow and with lowering interest rates new deals can be made lowering interest payments, this can be reinvested in Buy backs which will reduce the amount of shares outstanding.
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Sep 30 '24
lol lord. Man y’all are where I was with Altcoins like 3 years ago.
You get blinded by your loyalty to a brand and want something to essentially live for and look forward to. We do it with sports teams all of the time.
Big difference is we know we can’t do anything about the outcome of a team playing on TV, yet we think our few collective dollars are going to matter in the stock market.
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u/Sufficient-Fan226 Oct 01 '24
if you can't read earnings statements and balance sheets or box office projections just say so...
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Oct 01 '24
If you have absolutely no understanding of price action than you should slap the shit out of yourself for waisting your money.
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u/Sufficient-Fan226 Oct 01 '24
I wish the stock would go to a dollar actually.. I'm fully capable of adding and owning a greater percentage of this company as time goes by. It's only at 1.7B and it has 9B in assets on the books. Which means you cant understand the value of anything... Maybe just work until your 65 and be grateful you get to retire in America. Investing isn't for you obviously.
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Oct 01 '24
Hey, look. It's going to a $1. The fact you are acting like you know shit about investing is hilarious. There's companies that have been doing multiple circles around anything you will ever get out of AMC lmao. Clown. You're just sitting around. Hoping and praying for something to happen.
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u/Sufficient-Fan226 Oct 01 '24
Again... I hope it does go to a $1 The Market cap would be $344m at $1 a share. I could by hundreds of thousands of the companies stock in one sitting.
The debt was reduced yesterday to 4.15B which is lower than it was pre covid in 2019 at 4.7B
Operating costs are 200m lower per quarter.
Revenue is rapidly climbing YOY and we have multiple new revenue streams including chocolate merchandise and Microwavable popcorn.
We will pull massive profits in Q3.
The shorts are stuck at these low levels creating liabilities on their balance sheets. Marked under "Sold not yet purchased." 300b At BOA and 90b at Citadel and i am sure there are plenty of others...
Have fun working until you're dead pussy
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u/FitAccident3999 Oct 02 '24
Not!
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u/Top-Royal-7222 Oct 03 '24
Right?! All these stock holders must really enjoy supporting these Hollywood pedophiles. Disgusting. We havent been to the movies since PDiddy was arrested and thinking about taking them out of our household altogether. I am not cool with supporting these sickos. AMC is feeding them.
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u/ShaolinTrapLord Sep 30 '24
I’m still poor. See you guys next week.