AMC Entertainment: Nearly $400 Million In Annual Interest Costs Makes It Hard To Stem Cash Burn [Seeking Alpha]
AMC Entertainment Holdings, Inc. Class A (AMC)
NASDAQ:AMEX Investor Relations:
investor.amctheatres.com
Company Research
Source: Seeking Alpha
For 2024, AMC is projected to have nearly $400 million in interest costs. It should still have a substantial (over $600 million) amount of cash by the end of 2024. With around $2.9 billion in debt maturing in 2026, that remains its biggest challenge to avoid restructuring. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » It has been a while since I last looked at AMC Entertainment ( NYSE: AMC in December 2022 . My thesis at that time was that AMC could grow revenues by +25% in 2023 and improve its operating cash burn by $450 million compared to 2022. Even with that improvement, I still believed that AMC's common stock would be a strong sell due to massive dilution and its very large debt burden. I mentioned that AMC's first-lien notes due 2029 looked significantly better for anyone trying to play a box office rebound. Things have played out largely according to my expectations. AMC fell a bit short of my 2023 e
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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