AMC Networks Is Buying Back 20% of Its Stock. Should You Follow? [The Motley Fool]
AMC Networks Inc. - Class A (AMCX)
Last amc networks inc. - class a earnings: 2/26 07:00 am
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US:NASDAQ Investor Relations:
investors.amcnetworks.com/investor-relations
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Source: The Motley Fool
Legacy cable companies are among the cheapest in today's market. People are abandoning the legacy cable bundle in droves. In 0, there were over 00. million cable bundle subscribers. By 0, research firm eMarketer expects that number to fall to just 7.7 million.With declining numbers, investors have been selling off legacy cable network companies that may not have the scale to compete in the streaming world. But has the hate gone too far?Cable networkAMC Networks(NASDAQ:AMCXThe Walking Dead,Mad MenBreaking Bad,KillingImages source: Getty Images.Buying back $0 millionOn Tuesday, AMC Networks management announced the launch of a Dutch tender to buy $0 million of its shares at a price between $.0 and $6.0 per year. The stock responded by shooting up over % the next day. Yet even after the stock surge, the company's entire market cap, based on its $.8 share after Wednesday's trading, was $. billion. The buyback would equate to around 9% of shares outstanding.That's quite a hefty amount of s
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AMCX
News
- AMC Networks to Report First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- AMC Networks to Report First Quarter 2024 ResultsGlobeNewswire
- Ateliere Expands World-Class Leadership Team with the Appointment of Zeenal Thakare [Yahoo! Finance]Yahoo! Finance
- MEDIAGENIX Plans U.S. Expansion with Deal for a Media Program Management Solution [Yahoo! Finance]Yahoo! Finance
- AMC Networks To Add Cheaper, Ad-Supported Subscription Tiers Across Its Full Streaming Portfolio [Yahoo! Finance]Yahoo! Finance
AMCX
Earnings
- 2/9/24 - Beat
AMCX
Sec Filings
- 4/10/24 - Form 8-K
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- AMCX's page on the SEC website