AMC Entertainment: Chapter 11 Bankruptcy Is Not Completely Off The Table [Seeking Alpha]
AMC Entertainment Holdings, Inc. Class A (AMC)
NASDAQ:AMEX Investor Relations:
investor.amctheatres.com
Company Research
Source: Seeking Alpha
Management stated that there is a risk of liquidation or bankruptcy in the latest 10-K if they can't restructure their debt. Retail traders continue to buy AMC stock, which enables the large stock sales by the company because they do not understand dilution. A Ch.11 bankruptcy plan could equitize debt to allow AMC to continue to operate, but bankruptcy might wipe out shareholders. AMC Entertainment Holdings ( NYSE: AMC ) has been able to kick the bankruptcy can down the street for the last four years by selling more and more stock, but eventually that can could get kicked enough that it falls apart and AMC is forced into a Ch.11 bankruptcy filing. AMC has lost a staggering $7.23 billion over the last four years, and it is highly likely that they will report a large loss for 2024. With a very high debt load and a continued negative cash-flow because of the troubles facing the movie industry, a potential Ch.11 filing by AMC is not off the table. I rate AMC common stock a sell.
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AMC
News
- DJT, BIDU among major communication services gainers; AMC, BRAG among losers [Seeking Alpha]Seeking Alpha
- Tesla, Domino's Pizza rise; AMC Entertainment, SoFi Technologies fall, Monday, 4/29/2024 [Yahoo! Finance]Yahoo! Finance
- AMC Entertainment Holdings, Inc. (NYSE: AMC) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $4.00 price target on the stock.MarketBeat
- AMC Entertainment Preview Of Q1 Results Shows Top Movie Theater Circuit Beating Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
- AMC Entertainment Holdings, Inc. Previews First Quarter 2024 Preliminary Results and Announces First Quarter 2024 Earnings Webcast [Yahoo! Finance]Yahoo! Finance
AMC
Earnings
- 2/28/24 - Beat
AMC
Sec Filings
- 4/26/24 - Form 8-K
- 4/24/24 - Form ARS
- 4/24/24 - Form DEF
- AMC's page on the SEC website