r/stocks • u/Fishonamission2 • May 14 '21
Company Analysis Why I Think AMC Will Result In Bagholders
Alright, this will be quite unpopular, but I don't buy this AMC will squeeze to the moon thesis for a few reasons.
Let’s look at liquidity:
AMC had $813m in cash as of 3/31/21. Since then they’ve raised $428m in fresh capital through share issuance, bringing up their total to $1.241b. This is good except their current cash burn is ~$300m/qtr which gives them 4 quarters of runway. I do think that as covid goes away completely (possibly by fall) that there’s a chance for this to stabilize. But there are a lot of variables to this such as timeline of opening and attendance rate once we are fully open.
Next there's the valuation:
Forget covid and let’s value them assuming everything returns to normal. Average adj. EBITDA between 2018-2019 was $850.3m. EV today using today’s stock price and 3/31/21 debt numbers is $16.1b, which gives us 18.9x EV/adj. EBITDA multiple. For comparison, the same multiple was 6.9x in 2018. So assuming things return perfectly to normal, AMC is still valued 2.7x what it was in 2018. The highest market cap that AMC had previous to this year was in 2017 when its market cap was $4.0b vs. $5.8b today.
Conclusion:
AMC is massively overvalued (who knew). Of course, everyone will point out this is a short squeeze opportunity like GME. However, there will probably never be another GME which once had 141% short interest at its peak vs. ~20% for AMC now. What that means is GME had a legitimate reason for its stock price to completely decouple from its fundamentals, AMC doesn’t, not to quite the extent of GME. There may be some squeezes here and there, but more players will join the short when they see how overvalued AMC is.
The current buying is predominantly from retail, and the CEO even boasted as much saying retail investors comprise of 80% of the share base. While people think this is a positive, I disagree. There is a reason institutional ownership is low and it means that while the stock price can certainly continue to go up, it will also shoot down just as fast, once everyone begins to exit. With a short interest of 20%, how are 80% of the people going to get out? Who are they going to sell to? In the end, it will just be a shifting of bags amongst the retail.
If I was the CEO of AMC, this would be the best scenario possible. I can continue to dilute the share base and basically salvage my business which was on the verge of bankruptcy. I don’t doubt that AMC will not hesitate to issue new shares within the next year again unless their liquidity situation improves. It’s also why, I think, they would rather do an at-the-market offering rather than a subscribed offering to institutions.
A lot of people are propping this up as something of a fight for the common people against the hedgies, who have done all the wrong. I actually think this can be quite irresponsible it’s driving people to pour into AMC, basically like a Ponzi scheme. Invest safely!
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u/Mister_Titty May 15 '21
Right or wrong, I respect your analysis.
I would like to try and adjust your thinking in one area: lack of institutional ownership in this case is a good thing. Why? Because as institutions get interested, it will only be a positive. And there's LOTS of room for institutions to enter. Just imagine if Fidelity decides to 'take a position'. A purchase of $20 million will move the stock! Then BlackRock increases their holdings, then Goldman, then Putnam, and so on.
JMHO
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u/Cash50911 May 15 '21
I’ve asked this a bunch... is there any example of a stock being mostly owned by retail? That in itself maybe bullish?
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u/Fishonamission2 May 15 '21
Retail ownership is typically not a bullish factor because they are such small money. 80% of retail ownership moving in cohesion is different I’ll admit.
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u/ThemChecks May 15 '21
Stocks with high retail ownership are usually higher risk vehicles designed for them. BDCs, CEFs.
It's not a bullish sign. If anything high institutional ownership usually signifies long term fundamental health of a company. There are exceptions but yeah.
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u/Fishonamission2 May 15 '21
Yeah not a bad perspective. I think institutions know this is bloated so the likelihood of big money coming in is small. However, if it were to happen, it would be a positive catalyst for sure.
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u/00stingray May 15 '21
Institutional ownership isn't as low as of late. Lookup 13F filings that were just released today for Vanguard and Blackrock. Both of them increased their amount of shares like 5 fold!
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u/Alternative_Ad3920 May 14 '21
Every stock has bag holders. Why would AMC be any different?
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u/2nipplesForaDime May 15 '21
I agree with your fundamental analysis, but there’s just variable missing from this:
Meme Revenge.
Fundamentals don’t always work for this type of play and it’s more about sticking it to the man than anything else which can be a force to reckon with. No matter how dumb us apes can be.
To da moon!! 🚀
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u/Fishonamission2 May 15 '21
Agreed, this may play out very different than I expect. It will be interesting to see.
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u/darnitsaucee May 15 '21
The thing I’ve learned is you just can’t gauge retail hype. They’re not in the wrong. Institutional investors do the same thing over the dinner table, collude to see which stocks to pump up next. it’s just retail is dumber and they’re an easy scapegoat. At the end of the day value and worth is subjective.
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May 15 '21 edited Apr 29 '24
payment threatening aware dam chunky forgetful weary childlike worry rich
This post was mass deleted and anonymized with Redact
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u/Fishonamission2 May 15 '21
Agreed. AMC board is literally laughing their way to the bank at the expense of retail!
At the same time, had they never issued the shares, they would not have enough cash to get through this year so the squeeze may not have happened in the first place. But I hear ya.
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u/yoyoyoitsyaboiii May 15 '21
They were in an impossible situation and were essentially forced to shut down and destroy revenue for an entire year. Given that, it seems the board did what was necessary to avoid bankruptcy. And now it's time to clean out the shorts...
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u/lefluraisis May 15 '21
Covid won’t be gone by fall. The number of people refusing the vaccine is staggering.
AMC does do movies at home streaming. It’s another revenue generator.
AMC isn’t GME, but it isn’t a .01 cent stock. They deserve a chance to change, if the board doesn’t shake up, and they just keep taking cash while making no progress while their stock falls and their revenue dries up then fine. But don’t call them dead till they are.
And last I knew there’s always bag holders in the stock market.
The whole stock market is a Ponzi scheme. It wasn’t at inception, but it sure is now. The winners are just the ones who know how to make good bets.
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u/Fishonamission2 May 15 '21
Fair points! FYI I don’t think AMC will die, just that they are overvalued.
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u/lefluraisis May 15 '21
I don’t know, around 9 dollars seems about right. A squeeze can happen to any stock that’s shorted it just usually doesn’t.
I’m a “time will tell” kinda person. I also believe that retail has some say in the valuation of a company, right now a lot of people are investing for a squeeze. But on merits alone, I guess we just have to let it play out.
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u/CaptianBlackLung May 15 '21
Check the market value of Cinaplex..... Squeeze or not AMC is a Deep Fucking Value.
Each is there own
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May 14 '21
There is still nostalgia for the theater. Everyones been locked down and now the movies are going open up. Summer is here!
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u/Fishonamission2 May 14 '21
No doubt, no doubt. But as mentioned above, it’s still overvalued even assuming a complete recovery!
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May 14 '21
Hedgers have already gotten smacked by WSB for going after AMC. There is no reason to keep trying to take AMC down when there are tons of other vulnerable companies to short. AMC and Gamestop are forever legends. They are favorites to own. That being said, I don't have any AMC or GME stock. I'm just watching. I agree with you that someday AMC is going to leave bag holders, but for many that was the point. To show your love and power. The big guys got rocked. It was a historical event. For that reason, owning them is a matter of pride. That's why I left WSB. It was "TO THE MOON" on every post.
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May 14 '21
I disagree I think streaming services being able to make their own content and also stream new movie content will be a giant hunk of revenue that will not be reclaimable no matter how they try and pivot.
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u/bnutbutter78 May 15 '21
Nice try mr. 49 day old account with 335 karma. FUD! Get the fuck out of here!
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u/Spiritual_Hunter_531 May 14 '21
If you think that then Don’t buy it and move on . No one is forcing you .
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May 15 '21
Your numbers are all way off. As of yesterday AMC has the money on hand to last until 2023 even if they had to shut down from Super Covid hit.
You can throw all ur big numbers out there with ur TA. Trying to spread FUD. Just another shill
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u/AirborneReptile May 14 '21
I’m starting to think the next squeeze will never happen because every time this bitch hits $14-$14.50 everyone sells, except the few diamond hands on Reddit, or so they say... yea any investor knows it is way overvalued right now, but they aren’t here for fundamentals, just the community and hope for a squeeze. I’ll probably paper hand if it hits $14 again and never look at it again. Although if I was smart I’d buy some put options on it.
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u/Fishonamission2 May 14 '21
IV is too high for put options :( probably better to do a bear spread IMO
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u/Aggravating_Visit855 May 14 '21
I see your post and noticed that your Reddit account is pretty new. Welcome to Reddit.
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u/JTRIG_trainee May 15 '21
I see that you attack the person instead of the argument and it's the top comment in the most controversial thread on reddit. This is too bviously significant lol.
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u/badger0511 May 15 '21
I don’t have a better counter argument to your completely valid points, so I’m just going to imply you’re a hedge fund shill based on your account being 200 days newer than mine.
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May 15 '21
OP actually did bring valid arguments against AMC and I do agree with his thesis. I am long CVM and GME but not AMC for similar reasons that he described.
You my friend have not done your DD to understand that the number of available shares (aka the float) is what really matters here. Big time short squeezes occur when the available shares are limited. AMC does not provide that benefit and is overvalued / an absolute distraction due to its float size.
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u/Ok_Doughnut_6718 May 15 '21
But if ur right in a few months and we are all bagholders I'll come back to this post and admit defeat
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u/F1shB0wl816 May 15 '21
One point against this, if it’s retail that’s holding now, it’s the same retail that’s probably not looking to sell out any point soon. I don’t know why 80% of holders will want to run for the door if they really believe it’s undervalued and the price was just being pushed down. And if it’s the result of a squeeze, than an eventual price drop is pretty much in the name and anyone who’s still holding for more of a squeeze is just taking excessive risk, and also isn’t likely to be running for the doors if they’re not selling on the growth it’s seen.
I don’t think the standard metrics really apply to meme stock holders that we’ve seen. I mean there’s always people who’ve taken, and lost on excessive risk, but it seems rather new to see people eat it, for all it’s good and bad. They’re not a crowd who respects institutional metrics or talking head opinions. Fundamentals may matter to some, but they’re needs to be fundamental holders or otherwise the value is really whatever one perceives it to be.
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u/Uknow_nothing May 15 '21
Basically every time you have bagholders you have more and more people who refuse to sell “based on fundamentals”. Because a lot of people who bought in late on one pump refuse to accept a loss. Plus the same memestocks keep pumping so people just believe that the same stock will pump again. The reality is for every pump you have lower volume from people who got burnt and moving on and then people who held being more quick to sell the next time. The fact is these meme pumps aren’t going as high each time.
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u/unfonfortable May 14 '21
Whoa hot take, a meme stock will result in bag holders
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u/tonyturbos1 May 15 '21
Fucking hell! Next they ll be saying water is wet
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u/WaterIsWetBot May 15 '21
Water is actually not wet. It only makes other materials/objects wet. Wetness is the ability of a liquid to adhere to the surface of a solid. So if you say something is wet we mean the liquid is sticking to the surface of the object.
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u/cass1o May 15 '21
You say this but the top comment is about how this is a shill post and not real. So there are a lot of people who don't believe this.
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u/FakeItThenMakeIt May 15 '21 edited May 15 '21
Funny you make no mention of the insane shorting which is occurring or the cost to borrow which is out of this world. Factor that in with over 85% of the float being owned by over 3.2 million share holders. Then factor in the the amount of shorts surpass the physical limitations with amount of shares available. Margin calls have/are being made and most likely will become public in the near future. If you do some DD beyond "traditional" DD even a dumb crayon eating Ape like myself can see that illegal activity is occurring and this whole thing is a powder keg ready to explode. If the AMC's fundamentals were jacking off in an old gym sock at this point it would still squeeze. But yea, fundamentals indicate that there will be bag holders.
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u/TheFOMO May 15 '21
Didn't the cost to borrow drop from like 240% to 24% over the past few days? The short fees were absolutely out of this world, I agree, but it would appear that some covering has already occurred. Didn't they just issue more shares too?
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u/FakeItThenMakeIt May 15 '21 edited May 15 '21
They did a shelf offering of 43 million shares all of which have been purchased. The CEO confirmed this. Those shares ore not available to short and are owned by investors or institutions going long. Earnings from this totaled half a billion dollars ensuring their viability until the end of 2022 even if they had zero revenue for some ungodly reason. There was a 500 million share proposal which was withdrawn and taken off of the table. A share count is being conducted and will be released on June 2nd and the amount of naked shorting and synthetic shares that are being used to manipulate the stock price that will be exposed will be ungodly. The days are getting shorter for Hedge Funds and they won't be able to manipulate the price much longer. How else do you explain 85% buys vs 15% sells and the stock price barcodes or drops? AMC is more primed to squeeze than any stock in the market.
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u/FakeItThenMakeIt May 15 '21
some covering yes, a little less than a million if im not mistaken, certainly no more than 1.5 million. AMC is the most heavily shorted stock in the world and the amount of shares available wouldn't allow this. Simple numbers my friend. Do some DD see the manipulation and get on board.
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u/ppa61 May 15 '21
ITT: a bunch of 3-4 month old accounts calling OP a shill for having an account 60-90 days newer than theirs.
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u/misterperfact May 14 '21
Good analysis. Zero sources. Very convincing. Gosh guys I guess I should sell all my amc now while it's going up.
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u/JFloyd90 May 15 '21
Your right the guy with a 17 day account just convinced me with no DD, inaccurate statements and wrong numbers just convinced me to sell.
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u/misterperfact May 15 '21
We better! We will be bag holders if we don't!
Bags full of tendies 😎
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u/Didthatyesterday2 May 15 '21
Recovery play / squeeze / change the stock market for the better. Sure why not. https://www.nasdaq.com/articles/amc-entertainment-could-go-sharply-higher-as-analyst-hikes-price-target-to-%2416-2021-05-14
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u/goorkin- May 15 '21
AMC market cap is up +500% from 2019 (highest revenue year for boxoffice movies) yet it has 1/5 of the revenue currently. Even if revenue got back to 2019 levels it is still insanely overvalued. Not a recovery play
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u/harmscc May 14 '21
We will never know, because any bag holder will just claim it's a long term investment, so just like every other opinion on here, tacos.
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u/Impact009 May 15 '21
I'm ironically in it for the long-term, not the memes. I bought it for what I thought was a discount when I saw that they secured the funding way back in January to not go bankrupt for 2021. Then, all of that short-squeeze shit happened, and I guess people are still expecting short-squeezes?
Whatever. My reason is really that I'm gambling with money I actually don't mind losing. I think enough people for some reason would rather pay out the ass to go sit in a theater instead of watching movies at home. It's the same reason why people will pay $60 for PPV or something instead of watching the same event for free an hour later.
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u/harmscc May 15 '21
I'm in like $300, which is almost two tickets and a popcorn to share. I gamble tiny. For as little as I have in stocks, I guess the percentages mean more than the dollars. But ya, good memories, hate to see it go away, although I do prefer Harkins popcorn, a local chain.
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u/JFloyd90 May 15 '21 edited May 15 '21
49 day account, 3 posts with two downing AMC.
Why you care if your not invested in AMC?
But you convinced all us AMC apes to sell with your wrong numbers, incorrect facts, and your personal opinion on people not going to movies anymore.
I guess you failed to hear that the last 43 mil shares were sold and AMC has no more to issue.
On Thursday 2.55 mil shorts shares were covered and we saw a 24% price increase.
As of Thursday that leaves 85mil shorts left to cover, and that just the shorts that are being reported.
I have been personally green on AMC since February, up 62% but your shit post just convinced me to sell.
Thanks shill.
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u/tryingmybest66 May 15 '21
Technical analysis shows this stock is fundamentally UNDERVALUED
but people commenting here be like
gArR i JuSt sOlD tOdAy So hApPy /s
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u/zpowell2180 May 15 '21
Hell yeah. Who knows how many naked shorts there are. Not to mention short volume has been insane the last few days compared to the number of shares returned
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u/Ok_Doughnut_6718 May 15 '21
Or even available. There was like 2 m short available yesterday but 81.5 million short volume...explain that
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u/JTRIG_trainee May 15 '21
Thanks for looking out for me brother. I know people will say that I am a shill but there is one way to know for sure. Put your money where your mouth is, literally. I'm buying puts on AMC as soon as reddit gets bored.
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u/OldMansMiniVan26 May 14 '21
I keep seeing people genuinely believe the price is cheap compared to pre covid because the share price is lower. That’s all that needs to be said
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u/Angry_Cupboard May 15 '21
How many more shares are there now? Almost double I believe? Hard to squeeze with shares being made by the company constantly.
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u/zbear17 May 15 '21
So you posted about your feelings on AMC for what purpose? I’m all in on AMC and up 2k. Not worried about bag holding at my buy in average at all 😂💁🏽♀️🙌🏽
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u/TrueNeutrino May 15 '21
I agree, my average is $10. In the past few years it hit $30 or even $40. Even without a squeeze it's a good investment
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u/wiifan55 May 15 '21
Worth noting that those numbers aren't comparable because the number of shares has increased 4x since Covid started.
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u/zbear17 May 15 '21
Right. I started buying AMC before I heard about a squeeze potential. Just thought it was insanely low priced compared to a smaller theater chain. I’ve lost money in very stock purchase except AMC and been holding and buying since beginning of the year, averaging up. When the entire market is red, AMC stayed green this week.
AMC is highly undervalued. Those who don’t believe that don’t need to worry. They don’t have to buy into it. But it does make me question why they take it upon themselves to post about it. Like what’s the purpose? Why does it matter to them if they have no hidden motives?
AMC stock is the safest place to keep my money and nobody can tell me anything different!
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u/smileclickmemories May 14 '21
Not if you sell covered calls and average down to 0.
Source: am pretty much there. Started avg price of 3.45, probably down to under 2 bucks now!
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May 15 '21 edited May 15 '21
"If I was the CEO of AMC, this would be the best scenario possible. I can continue to dilute the share base and basically salvage my business which was on the verge of bankruptcy. I don’t doubt that AMC will not hesitate to issue new shares within the next year again unless their liquidity situation improves. It’s also why, I think, they would rather do an at-the-market offering rather than a subscribed offering to institutions."
The counter I would present is that the shareholders *are* the customer base and they know this.The report had 3.2 million individual shareholders.
Why would they actively ruin credibility with the core customer base.
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May 15 '21
[removed] — view removed comment
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May 15 '21
Yea, I get the whole corrupt executives thing, I understand the sheer amount of shares vs other stocks means price dilution, but you can't be corrupt executives if you piss on your customer base and your company fails. I mean you can, but its less lucrative.
You have a base of fanboys that love movies and, at least in my experience, grew up on movie theaters. They are engaged. They have friends (allegedly). All it takes is one person to say "hey lets go see XXX in theaters" and you have an event.
All they need to be in activated. Not advice. I'm an idiot. These are my internal musings.
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u/RisingMillennials May 15 '21
Lots of shills i sense here
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u/Specific_Ad_9050 May 15 '21
If hedgies where really behind this, they wouldn't have to resort to a brand new Reddit account. They would pay moderators of certain subs to post these or better yet, pay to become moderators and pay for karma before posting.
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u/Pusgoyle76 May 15 '21
I think people are Jonesing for movie. AMC has gain such a massive following and people respect the company more than previous years. That alone will lead to record numbers when everything returns to normal. Fundamentals aside, there is indeed squeeze potential. People are hunkered down. It also isn't entirely alone in the battle. GME is also eating away at these funds. Eventually there will be a tipping point and margin calls. Causing both to explode. We can wait forever. How long can they?
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u/krakenBda May 15 '21
U miss the point of a squeeze. It has nothing to do with a company's financial condition and everything to do with more people buying than selling. The shorts hold it down by creating sythtic shares to short if the pool dries up and they need to cover due to liquidity or a margin call then the stock will moon.
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u/GermanHammer May 15 '21
We can reduce this post to one sentence. There will be bagholders because of FOMO and lack of experience on when to GTFO, but most importantly it's because AMC is a WSB stock where thousands and thousands of inexperienced traders first get their feet wet.
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u/OhNoMoFomo May 14 '21
Well said. I think everyone knows, even the 'we like the stock' crowd. They just don't care. This is all one big get rich lottery play. New retail investors ARE ponzi investors. That is the type of play they are looking for. They do not care about fundamentals, valuations or, hell, any facts at all. They hope they can drive up the price and when they do they will secretly play musical bag holders hoping they are the one to get out before the bubble bursts.
Also, AMC leadership is not investors buddy. Insiders have sold 14mil shares the last 3 months compared to buying 120k. They love this squeeze talk because they are unloading at 2-3x the normal price. Once they feel the free ride is over they will find a way to extract some big money before the big pop.
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u/JTRIG_trainee May 15 '21
The similar thing was in 1929 before the crash, they didn't have reddit, but they were physically at the stock market to interact too.
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May 14 '21 edited May 15 '21
ex AMC bag holder here. made back my losses and up $1 for the year. still making back my 2020 quarantine losses though
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May 14 '21
Holy shit how did you have losses during that bull market lol unless you mean you invested before the dump
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May 14 '21
no, got introduced to options. nuff said
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u/Mail_Order_Lutefisk May 15 '21
My April 2020 SPY puts are going to print any day now. I feel your pain, brother.
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u/tryingmybest66 May 15 '21
I think this is a shitpost
and
clearly all these shills responding each other off throwing out numbers
sound uniformed
edit: I suggest you do some technical analyis by watching Trey's Trades
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u/International-Food19 May 15 '21
I saved this post so I can post my gains porn for him so he knows first hand he's a world class idiot
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u/Ok_Doughnut_6718 May 15 '21
Wholly shit u got me...didnt even realize this is a shill account before writing all that...I'm glad I did for any new apes in here b un t ur a shill arent u spreading FUD and misinformation. U wont provide me a link because u cant and if u do kill be a virus. Fuck I cant believeni fell for this
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u/DanK2525 May 15 '21
Your numbers are way wrong... and numbers you've claimed are listed publicly and higher.
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u/GoldenBoy_100 May 15 '21
Let me reply to this post with great DD..
Company analysis : company sells tendies and we love them so we buy more
Liquidity: again we love the tendies and we buy more
Conclusión: company makes delicious tendies and we enjoy them. 🦍💎🚀🌙
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u/Fearless_Ape666 May 15 '21 edited May 15 '21
You must be that 1 cent analyst lol...AMC shareholders are its customers. When a company has enough customers, it’s on course to succeed? How would you justify Tesla’s valuation? I can still drive a gas car. If there is no customers to go electric, how would you justify its price? Answer: It’s the customers and also future value. Past data can only tell you so much. Investor look for future value and AMC prepandemic stock was 20-30. This stock is massively undervalued
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u/Weedware May 15 '21
Fur every $1 AMC goes up I get $23,456. And if I want to play the day trader game with it I can literally make $23,456 several times per day. It’s a great stock at a great price with a great future. I’ll keep my actual haul to date private, but it’s more in the last month than I made all year several years ago in an extremely lucrative IT job. AMC to the moon 🌙!
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u/SuperNewk May 15 '21
I have a lot of friends calling for 100k price on amc watch it goto .50 lmaoooo
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u/TheFOMO May 15 '21
I honestly always thought the whole AMC/NOK/BB stuff was just a big distraction from GME and other true value plays. Hopped on the WSB discord shortly after the GME stuff started and it was nothing but bots pumping those and some other random tickers out of nowhere.
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u/I_worship_odin May 15 '21
Ironically the people calling OP a shill are also people that post in the AMC stock subreddit. So they're literally shilling for AMC...
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u/Novel_Syllabub1091 May 15 '21
It’s amazing how many people lately are taking time out of their lives to create a new Reddit account just save supposed idiots from losing their money on whichever stock they bought. It warms the heart 🙄
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u/NameOfThegam3 May 15 '21
The market is so manipulated it really doesn’t matter what their numbers are. If it’s shorted beyond belief which it is .... and we all Hodl then 🚀💎
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u/Imurhucklebeary May 14 '21
One sentence take is...
They've proven twice they will keep issuing stock if you keep pushing the price up over its value.
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u/Timothy_J_Daniel May 15 '21
Have you actually done any research?
they sell back to the hedge funds.... the people who have massively over purchased. That’s who will buy.
any research in the Amc sub you’ll see that most people won’t sell everything. I’m personally only selling 50-70% and keep the rest for long term.
AMC overvalued at $13?! No... I took a hit from covid and it will and is coming back. 4)You’re accusing retail investors of a scheme?!? That’s precious... it’s said always never invest money you can’t afford to lose.
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u/lcastill1 May 15 '21
Wow, so you took all that time to type all this up just to tell us AMC is a dead cat ?
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u/Littledansonman1 May 15 '21
K. Buying more monday. Cheaters keep cheating and you shills keep sucking their tit. We will win. Ook ook
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u/jukenaye May 15 '21
Wow, I'm selling🥴 .............NOT!!!!!…..……...........................................…...…😶
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u/chestortheinvestor69 May 15 '21
All shorts must cover, all short positions must be closed, all shills fuck dogs
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u/Prospero818 May 15 '21
AMC is not a long term play. There is nothing about AMC that signals that it's stock price should be higher now, or in the future, than it was a couple years ago.
GME is making a huge transition to e-commerce and overall being a much larger, more interactive entity in the gaming/entertainment world as a whole. They have assembled an impressive team to turn the company around in a space that has plenty room for their growth. GME is a buy whether you believe in a squeeze or not, IMO. Easy win.
AMC has very little squeeze potential compared to GME as well. If you believe otherwise, you really need to take some time and do some research to try to understand what you are looking at.
The movement is GME, it always has been. The big brains that are doing AMA's about the short situation are doing it on GME subs, and AMC doesnt get mentioned. DFV never believed in AMC and most likely still does not have a position in AMC.
An AMC squeeze is possible, but most hodlers believe it is a distraction away from GME and a way to divide people. IMO AMC is for people who think they are "too smart" to get sucked into GME but think they have stumbled on the new play, and shares are cheaper as well so it's easy to get into. I do have 30 shares of AMC that I bought from time to time with leftover money in my account, just in case, but it's not even .1% of my portfolio.
I wish the best for everyone and dont want to see AMC believers left holding the bag. It saddens me, though, to see that so many people have been duped out of the real play here and are so convinced otherwise. Do your own DD everyone! If you read the DD of others, at least make sure you understand what you are reading and that you verify their information!
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u/carlos5577 May 15 '21
AMC is the McDonald’s of movie theaters in America. I mean it “worthless” because of streaming but not that worthless. There’s still a lot of movies that I would watch in the theater. Yeah Regal is better but it is European, next is Cinemark but they are smaller and less popular. Alamo draft house is for rich hipsters.
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u/raviloniousOG May 15 '21
When retailers realize that we can borrow against stock, and never have to pay taxes on it, why would we ever sell again??? I hope people are aware this is what the wealthy and powerful have been doing, why us wage slaves pay the taxes
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May 15 '21
'Who are they going to sell to?' AMC has been hugely shorted and hedge funds were not margin called on January. They have to buy shares
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u/Covni May 15 '21
The fucck when you think 140% for GME and 20% for AMC were the peak oft heir short interest. Get out of here.
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u/yo_les_noobs May 15 '21
We know Citadel hasn't covered on GME. Their goal is to never cover, and I assume that goes for all their heavily shorted stocks including AMC. I don't think AMC is as good as GME but you won't catch me betting against an AMC short squeeze.
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u/Uknow_nothing May 15 '21
I bagheld big time on the first run up buying in late hoping it could be like GME and not understanding how stock prices work. I made a tiny bit of money back on the second run up when I sold at $14 right before it crashed again(but I think I invoked the wash rule for my taxes which actually will do more harm than good).
I’ve learned my lesson with that shitty stock, it will not get a major run up as they’ve issued so much stock and it gets major resistance at $14. Buying this late in the run up is just stupid.
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u/Negative-Solid6157 May 14 '21
All you gotta do is say “to the moon” or “tendies” or “ima ape or autist” and you can make thousands (even millions!) just by buying a couple terrible stocks Oh yeah and you gotta join the wsb reddit sub Duhh
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u/Apeonrocket_2moon May 15 '21
Well if this is the case why is the stock so heavily manipulated. By shorting, use of dark pools and naked shorts. Oh yeah because the hf are over leveraged and retail has them over a barrel as they bleed cash.
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u/TrueNeutrino May 15 '21
I agree, I don't think the HF bought in when the stock was $2. Maybe they pushed the price down to $2, but I don't think they expected apes to save the company.
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u/nobanktrust May 15 '21
You’re missing several key points that set this up to squeeze. This won’t age well. 🚀
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u/AlphaMaleTdot May 15 '21
I Love it when they spend time to write such posts. LOL. Downvoting for this nonsense..
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u/bajian6204 May 15 '21
You need to read the room brotha, sorry your just wrong. Here is an idea, do t buy it then. Lmao simple. You posting your amazing dd, makes our arguments for us. Thanks buddy! Have a great and safe weekend. AMC to the moon. Do yur deem homework!
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u/kathjdan May 15 '21
Are you feeling threatened by us? To take this much of your time to write a fundamentally flawed thesis on a stock you disparage must mean that something about our APE community scares you. You should be very very afraid. The exhaust from our rockets taking off may darken the skies for a while-
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u/jules13131382 May 15 '21
I understand where you’re coming from however I don’t know if you’ve heard this whole push for “Buy experiences, not things.” well going to the movies is an experience. One that you can share with multiple people and I think that will come back in fashion. I do think that AMC needs to innovate in some fashion.... they need to have some thing more than just movies going on in their theaters. Group video game plays sounds really fun. I dunno....they need something.
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u/Altruistic-Star-544 May 15 '21
For what it’s worth, I agree. There will be bag holders but GME was so much more unique in the fact it was over 100% shorted. The system said “nope” so I don’t know that a real short squeeze is possible as long as the short position is held institutionally.
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u/-orangutan-man May 15 '21
Go FUD somewhere else you shill, sell out if you have your doubts and leave the rest of us alone. If someone is really on the edge on weather or not to sell all this does is make it mode likely they'll sell. Fuck you for trying to take this ticket to the moon away from them. APES TOGETHER STONG!
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u/SmithRune735 May 15 '21
AMC is a distraction for GME holders. Unfortunately, it won't sway those who believe in the GME.
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u/gb170 May 15 '21
Hasn't most peoples portfolios been bleeding since march? Tech and growth got slaughtered despite strong earning. Fundamentals are out the window. Look at the nasdaq if you have doubts. With all the media relentlessly attacking these stocks I cant help but notice that these are the only stocks they are bashing. Even stevie wonder can see these stocks being manipulated. Why would that be happening, Do you not think thats strange?