Originally Posted by Hog's Gone Fishin:
JpmInvestments
Bullish
10m
$AMC
Q2 Earnings:
EPS: -$0.71 vs. -$0.91 Expected
Revenue: $444.7M vs.
$341M
Expected
Adam Aron, Chairman and CEO of AMC commented, “The second quarter of 2021 was transformational for AMC. We raised yet another $1.25 billion of new equity capital (before commissions and fees) in the quarter, boosting our quarter ending liquidity to more than $2 billion (including cash and undrawn revolving lines of credit) which is about double the previous highest ever such mark in AMC’s 101-year history. We believe this gives AMC financial staying power to navigate boldly amidst coronavirus waters. And by June 30, substantially all of our theatres were open again to entertain and delight our guests.
Well, they're losing money on the theater business but they've become a powerhouse in the capital raising business. [Reply]
Originally Posted by lewdog:
The one you made a price target of $100 for last year and lost a bunch of profit because you believed some high in the sky number?!?!
Lol
I'll never lose money on it, and I'm currently up 65% on the remaining stock I hold.
Very solid buy right now with lots of long-term growth potential. [Reply]
If SMG can find a bottom, I may consider a long position. Good company with good fundamentals. Maybe what some call a “value play.” Buy in ROTH and leave for years, add on dips. [Reply]
Originally Posted by lewdog:
If SMG can find a bottom, I may consider a long position. Good company with good fundamentals. Maybe what some call a “value play.” Buy in ROTH and leave for years, add on dips.
You think?
Why is it such a good company? (I haven't looked at their financials) I'd think with all the enviro-nuts floating around they'd have at least some exposure. [Reply]
