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2021-09-09

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Why AMC, Clover, and Other Meme Stocks Tumbled On Wednesday

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2021-09-06

Fool?

Should You Invest in AMC Stock Right Now?

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2021-07-17

FOOL

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2021-06-30

FOOL?

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2021-06-26

thx, then buy n hodl.

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2021-06-18

stay calm, buy n hodl

AMC: Danger Signals For Investors And Speculators

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2021-06-18

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2021-06-18

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At some point, companies must prove their stock's value. And, at some point, people will want to take profits.","content":"<p>The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.</p>\n<p><b>What happened</b></p>\n<p>Shares of&nbsp;<b>AMC Entertainment Holdings</b>(NYSE:AMC),<b>Skillz</b>(NYSE:SKLZ), and&nbsp;<b>Tonix Pharmaceuticals</b>(NASDAQ:TNXP)&nbsp;fell 0.9%, 8.3%, and 4.2% as of closed on Wednesday, with the fickle meme stock trading crowd reversing recent bullishness. Leading the charge for today's rout, however, is&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV), down 12.5%.</p>\n<p><b>So what</b></p>\n<p>If you're looking for the headlines behind the moves, don't bother. There aren't any.</p>\n<p>As has been the case for the past few months, traders looking for a speculative edge are simply gathering around these stocks in an effort to collectively create the price action they desire, often by creating memes regarding these companies. Such efforts cause incredible price volatility.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ba4680fa5e89ea08b364002d70d086f\" tg-width=\"2000\" tg-height=\"1201\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p>Many of these names -- like Clover this week -- have also been recently targeted as short-squeeze candidates. That's not a terribly bad bet right now either, to be fair, in that more than 7% of the outstanding shares of the&nbsp;health insurance&nbsp;company are currently tied up in short trades. That's enough short positions to prospectively spark en masse buying that drives the price sharply higher,<i>if</i>those short-sellers start becoming unnerved by a bit of bullishness. Tuesday's 15% jump for Clover shares didn't do the trick, however, with most of that gain being given back today.</p>\n<p>Shares of movie theater chain AMC Entertainment aren't really helping the broader bullish effort either. While one would expect this king of all meme stocks to soar following reports of&nbsp;record-breaking&nbsp;Labor Day weekend box office ticket sales, a bit of Tuesday's near-9% gain from AMC shares is also unwinding with Wednesday's1% sell-off. While that's hardly a devastating setback, the failure to follow through on Tuesday's advance is telling in and of itself.</p>\n<p>Of course, the broad market's sell-off today is also creating a headwind for these well-known meme stocks.</p>\n<p><b>Now what</b></p>\n<p>The advent of&nbsp;meme stock&nbsp;mania (and in particular, organized efforts to spark short squeezes) comes as no real surprise. If you give enough people enough time and the means of doing so, it's reasonable to expect them to capitalize on an opportunity -- including one they must plan out on one of the internet's more popular message boards. A little success on this front early this year prompted the trading crowd to replicate the effort.</p>\n<p>Regardless of the strategy's previous effectiveness, however, meme stock mania is losing steam. Not only are hedge funds and other managed investment pools now shoring up their risk exposure to short squeezes, traders are also running out of stocks they can push around.</p>\n<p>They're also running out of other buyers and bullish arguments.</p>\n<p>See, for most meme stocks to continue their rallies, new buyers must bring new money to the table to purchase shares from traders that have already scooped up the stock and are now looking to lock in a sizable profit. Enough people were willing to take such a swing early in the year when AMC was trading around $2 per share. Now that it's trading at more than $46 per share, however, would-be buyers are considerably less interested. Underscoring this idea is the fact that shares of Tonix Pharmaceuticals and Clover Health have yet to respond to the same rally driving strategies that -- at least for a while -- buoyed AMC stock. In a similar vein, Skillz shares have also stopped responding to the bullish prompts that drove the stock from around $11 per share in November of last year to February's high in excess of $46. They're now back near $11, unable to keep a rally going.</p>\n<p>There's something of a litmus test for the entire meme stock movement due this afternoon. Another meme stock company,<b>GameStop</b>(NYSE:GME), is slated to report its fiscal second-quarter numbers after today's closing bell rings. The numbers are important. But even more important is whether or not the trading crowd relaying on the web's popular message boards will be able to convince others to start and sustain a rally from GameStop. If it can, other meme stocks like AMC and Clover will remain at least somewhat in play. If it can't, it may well be a sign that the underlying strategy of individual traders targeting one ticker at a time is no longer effective. This in turn may sour most of them from even trying to do so, continuing the conversion of many of these meme names back to more conventionally priced stocks.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMC, Clover, and Other Meme Stocks Tumbled On Wednesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMC, Clover, and Other Meme Stocks Tumbled On Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-09 14:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/08/why-amc-clover-and-other-meme-stocks-are-tumbling/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/08/why-amc-clover-and-other-meme-stocks-are-tumbling/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SKLZ":"Skillz Inc","TNXP":"Tonix Pharmaceuticals Holding Co","AMC":"AMC院线","CLOV":"Clover Health Corp"},"source_url":"https://www.fool.com/investing/2021/09/08/why-amc-clover-and-other-meme-stocks-are-tumbling/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174332657","content_text":"The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.\nWhat happened\nShares of AMC Entertainment Holdings(NYSE:AMC),Skillz(NYSE:SKLZ), and Tonix Pharmaceuticals(NASDAQ:TNXP) fell 0.9%, 8.3%, and 4.2% as of closed on Wednesday, with the fickle meme stock trading crowd reversing recent bullishness. Leading the charge for today's rout, however, is Clover Health Investments(NASDAQ:CLOV), down 12.5%.\nSo what\nIf you're looking for the headlines behind the moves, don't bother. There aren't any.\nAs has been the case for the past few months, traders looking for a speculative edge are simply gathering around these stocks in an effort to collectively create the price action they desire, often by creating memes regarding these companies. Such efforts cause incredible price volatility.\nIMAGE SOURCE: GETTY IMAGES.\nMany of these names -- like Clover this week -- have also been recently targeted as short-squeeze candidates. That's not a terribly bad bet right now either, to be fair, in that more than 7% of the outstanding shares of the health insurance company are currently tied up in short trades. That's enough short positions to prospectively spark en masse buying that drives the price sharply higher,ifthose short-sellers start becoming unnerved by a bit of bullishness. Tuesday's 15% jump for Clover shares didn't do the trick, however, with most of that gain being given back today.\nShares of movie theater chain AMC Entertainment aren't really helping the broader bullish effort either. While one would expect this king of all meme stocks to soar following reports of record-breaking Labor Day weekend box office ticket sales, a bit of Tuesday's near-9% gain from AMC shares is also unwinding with Wednesday's1% sell-off. While that's hardly a devastating setback, the failure to follow through on Tuesday's advance is telling in and of itself.\nOf course, the broad market's sell-off today is also creating a headwind for these well-known meme stocks.\nNow what\nThe advent of meme stock mania (and in particular, organized efforts to spark short squeezes) comes as no real surprise. If you give enough people enough time and the means of doing so, it's reasonable to expect them to capitalize on an opportunity -- including one they must plan out on one of the internet's more popular message boards. A little success on this front early this year prompted the trading crowd to replicate the effort.\nRegardless of the strategy's previous effectiveness, however, meme stock mania is losing steam. Not only are hedge funds and other managed investment pools now shoring up their risk exposure to short squeezes, traders are also running out of stocks they can push around.\nThey're also running out of other buyers and bullish arguments.\nSee, for most meme stocks to continue their rallies, new buyers must bring new money to the table to purchase shares from traders that have already scooped up the stock and are now looking to lock in a sizable profit. Enough people were willing to take such a swing early in the year when AMC was trading around $2 per share. Now that it's trading at more than $46 per share, however, would-be buyers are considerably less interested. Underscoring this idea is the fact that shares of Tonix Pharmaceuticals and Clover Health have yet to respond to the same rally driving strategies that -- at least for a while -- buoyed AMC stock. In a similar vein, Skillz shares have also stopped responding to the bullish prompts that drove the stock from around $11 per share in November of last year to February's high in excess of $46. They're now back near $11, unable to keep a rally going.\nThere's something of a litmus test for the entire meme stock movement due this afternoon. Another meme stock company,GameStop(NYSE:GME), is slated to report its fiscal second-quarter numbers after today's closing bell rings. The numbers are important. But even more important is whether or not the trading crowd relaying on the web's popular message boards will be able to convince others to start and sustain a rally from GameStop. If it can, other meme stocks like AMC and Clover will remain at least somewhat in play. If it can't, it may well be a sign that the underlying strategy of individual traders targeting one ticker at a time is no longer effective. This in turn may sour most of them from even trying to do so, continuing the conversion of many of these meme names back to more conventionally priced stocks.","news_type":1,"symbols_score_info":{"TNXP":0.9,"CLOV":0.9,"SKLZ":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817378306,"gmtCreate":1630913845305,"gmtModify":1676530419226,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"Fool?","listText":"Fool?","text":"Fool?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817378306","repostId":"1139285076","repostType":2,"repost":{"id":"1139285076","kind":"news","pubTimestamp":1630898911,"share":"https://ttm.financial/m/news/1139285076?lang=en_US&edition=fundamental","pubTime":"2021-09-06 11:28","market":"us","language":"en","title":"Should You Invest in AMC Stock Right Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=1139285076","media":"Motley Fool","summary":"The company's shares are soaring, making some feel like they are missing out.","content":"<p><b>Key Points</b></p>\n<ul>\n <li>AMC's stock price is detached from operating performance.</li>\n <li>Movie theater attendance is declining.</li>\n <li>The coronavirus pandemic is constraining operations.</li>\n</ul>\n<p><b>AMC Entertainment Group</b>(NYSE:AMC)&nbsp;has many investors curious. The stock inspires many headlines, and AMC is a source of frequent discussion on social media sites and discussion forums.</p>\n<p>AMC stock is up nearly 2,000% in 2021, and it has some people asking themselves if they are missing out on the ride of a lifetime. Let's look closer at the popular meme stock and determine if you should buy AMC stock right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91d130a094fd82a5407017364a82aad1\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>AMC STOCK IS UP NEARLY 2,000% THIS YEAR. IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p><b>Why AMC stock keeps climbing higher</b></p>\n<p>First, it's important to note the company's rising&nbsp;stock&nbsp;price has little to do with its operating performance. AMC's business was devastated during the pandemic. While it is slowly bouncing back, the company is still losing money every quarter. There is no telling when or if the company will generate profits on the bottom line.</p>\n<p>Rather, its stock price is rising due to a large group of individuals collectively deciding to buy and hold the stock. Like many financial assets, when the demand goes up, the price moves in the same direction.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd89ac8f9cd6fd071fc2a56a384ed088\" tg-width=\"720\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>AMC Profit Margin (Quarterly) data by YCharts</span></p>\n<p><b>Looking at AMC's operating performance</b></p>\n<p>Since AMC generates nearly all of its revenue from people visiting theaters in person, the coronavirus pandemic was a catastrophe. What's more, AMC still had to come up with the rent payments on its theaters and interest payments to its lenders. Management has since negotiated some delays to those payments, but they are still accumulating.</p>\n<p>Unlike a company with a high degree of variable expenses like&nbsp;<b>Uber</b>, which only pays drivers if they are with customers earning revenue, AMC has a high degree of fixed expenses that didn't decrease with the dropoff in revenue. AMC's business model&nbsp;works well when revenue is expanding&nbsp;because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.</p>\n<p>Indeed, AMC reported an operating loss of $1.5 billion in 2020 and has reported losses on the bottom line in three out of the last four years.</p>\n<p><b>Customer value proposition</b></p>\n<p>A confluence of factors has fewer people visiting movie theaters to watch films. From 2002 to 2019, tickets sold to view movies at the box office in the U.S. and Canada decreased from 1.58 billion to 1.24 billion. The factors can be combined and stated as the lessening degree of the quality difference between watching films at home and in a theater.</p>\n<p>Higher-quality TVs, better sound systems, and the rise of streaming services are all improving the home viewing experience. Meanwhile, the only noticeable upgrade in movie theaters has been replacing cloth chairs for leather power reclining seats -- an improvement, to be sure. At the same time the quality difference is narrowing, the price difference is expanding.</p>\n<p>Consumers can subscribe to the&nbsp;<b>Disney</b>&nbsp;streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a&nbsp;<b>Netflix</b>&nbsp;subscription for less than $10 per month and entertain a whole family for less than $1 per day. That's in contrast to watching a film on the big screen at over $10 per ticket, even higher in some cities. Studios are increasingly putting blockbuster films straight onto their streaming services, giving viewers a compelling choice of content to choose from.</p>\n<p>This trend is unlikely to reverse, as studios keep a higher share of film revenue if they don't have to split with movie theaters like AMC.</p>\n<p><b>The verdict</b></p>\n<p>The current operating environment for AMC is severely constrained, with a deadly virus still in circulation. Over the longer run, the secular popularity of streaming services and the increasing quality of the home viewing experience is bad news for AMC. Looking at the company's business prospects alone, youshould not invest in AMC stock right now.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should You Invest in AMC Stock Right Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould You Invest in AMC Stock Right Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 11:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/05/should-you-invest-in-amc-stock-right-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nAMC's stock price is detached from operating performance.\nMovie theater attendance is declining.\nThe coronavirus pandemic is constraining operations.\n\nAMC Entertainment Group(NYSE:AMC) has...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/05/should-you-invest-in-amc-stock-right-now/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/09/05/should-you-invest-in-amc-stock-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139285076","content_text":"Key Points\n\nAMC's stock price is detached from operating performance.\nMovie theater attendance is declining.\nThe coronavirus pandemic is constraining operations.\n\nAMC Entertainment Group(NYSE:AMC) has many investors curious. The stock inspires many headlines, and AMC is a source of frequent discussion on social media sites and discussion forums.\nAMC stock is up nearly 2,000% in 2021, and it has some people asking themselves if they are missing out on the ride of a lifetime. Let's look closer at the popular meme stock and determine if you should buy AMC stock right now.\nAMC STOCK IS UP NEARLY 2,000% THIS YEAR. IMAGE SOURCE: GETTY IMAGES.\nWhy AMC stock keeps climbing higher\nFirst, it's important to note the company's rising stock price has little to do with its operating performance. AMC's business was devastated during the pandemic. While it is slowly bouncing back, the company is still losing money every quarter. There is no telling when or if the company will generate profits on the bottom line.\nRather, its stock price is rising due to a large group of individuals collectively deciding to buy and hold the stock. Like many financial assets, when the demand goes up, the price moves in the same direction.\nAMC Profit Margin (Quarterly) data by YCharts\nLooking at AMC's operating performance\nSince AMC generates nearly all of its revenue from people visiting theaters in person, the coronavirus pandemic was a catastrophe. What's more, AMC still had to come up with the rent payments on its theaters and interest payments to its lenders. Management has since negotiated some delays to those payments, but they are still accumulating.\nUnlike a company with a high degree of variable expenses like Uber, which only pays drivers if they are with customers earning revenue, AMC has a high degree of fixed expenses that didn't decrease with the dropoff in revenue. AMC's business model works well when revenue is expanding because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.\nIndeed, AMC reported an operating loss of $1.5 billion in 2020 and has reported losses on the bottom line in three out of the last four years.\nCustomer value proposition\nA confluence of factors has fewer people visiting movie theaters to watch films. From 2002 to 2019, tickets sold to view movies at the box office in the U.S. and Canada decreased from 1.58 billion to 1.24 billion. The factors can be combined and stated as the lessening degree of the quality difference between watching films at home and in a theater.\nHigher-quality TVs, better sound systems, and the rise of streaming services are all improving the home viewing experience. Meanwhile, the only noticeable upgrade in movie theaters has been replacing cloth chairs for leather power reclining seats -- an improvement, to be sure. At the same time the quality difference is narrowing, the price difference is expanding.\nConsumers can subscribe to the Disney streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a Netflix subscription for less than $10 per month and entertain a whole family for less than $1 per day. That's in contrast to watching a film on the big screen at over $10 per ticket, even higher in some cities. Studios are increasingly putting blockbuster films straight onto their streaming services, giving viewers a compelling choice of content to choose from.\nThis trend is unlikely to reverse, as studios keep a higher share of film revenue if they don't have to split with movie theaters like AMC.\nThe verdict\nThe current operating environment for AMC is severely constrained, with a deadly virus still in circulation. Over the longer run, the secular popularity of streaming services and the increasing quality of the home viewing experience is bad news for AMC. Looking at the company's business prospects alone, youshould not invest in AMC stock right now.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170761227,"gmtCreate":1626452060969,"gmtModify":1703760548344,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"FOOL","listText":"FOOL","text":"FOOL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170761227","repostId":"2151892500","repostType":2,"isVote":1,"tweetType":1,"viewCount":2262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153037906,"gmtCreate":1624984551605,"gmtModify":1703849593601,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"FOOL?","listText":"FOOL?","text":"FOOL?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153037906","repostId":"2147585785","repostType":2,"isVote":1,"tweetType":1,"viewCount":2557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125391360,"gmtCreate":1624647666350,"gmtModify":1703842766853,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"thx, then buy n hodl.","listText":"thx, then buy n hodl.","text":"thx, then buy n hodl.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125391360","repostId":"2146072291","repostType":2,"isVote":1,"tweetType":1,"viewCount":2353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166310846,"gmtCreate":1623991311585,"gmtModify":1703825933652,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"stay calm, buy n hodl","listText":"stay calm, buy n hodl","text":"stay calm, buy n hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166310846","repostId":"1131310015","repostType":2,"repost":{"id":"1131310015","kind":"news","pubTimestamp":1623987347,"share":"https://ttm.financial/m/news/1131310015?lang=en_US&edition=fundamental","pubTime":"2021-06-18 11:35","market":"us","language":"en","title":"AMC: Danger Signals For Investors And Speculators","url":"https://stock-news.laohu8.com/highlight/detail?id=1131310015","media":"seekingalpha","summary":"Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pul","content":"<p><b>Summary</b></p>\n<ul>\n <li>I stand on the shoulder of giants to guide you on AMC.</li>\n <li>For investors, the gravitational pull of no earning prospects provides little support to the stock.</li>\n <li>A century-old cautionary tale for speculators counting on a short squeeze.</li>\n <li>Sell before the other speculators do.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabb985556b9f549dd561bf919495d08\" tg-width=\"768\" tg-height=\"513\"><span>RgStudio/E+ via Getty Images</span></p>\n<p>What are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “<i>If I have seen a little further it is by standing on the shoulders of Giants.</i>” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer for<i>The Wall Street Journal</i>, and John Brooks, author of “<i>Business Adventures</i>”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.</p>\n<p><b>Investor vs. trader vs. speculator</b></p>\n<p>Jason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021<i>Wall Street Journal</i>column:</p>\n<blockquote>\n “\n <i>Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”</i>\n</blockquote>\n<p>So why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assets<i>never</i>came up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.</p>\n<p>Mr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.</p>\n<p><b>A 2022 AMC earnings forecast</b></p>\n<p>I start with the key assumptions:</p>\n<p><img src=\"https://static.tigerbbs.com/3f5311cb0ff00c046d122c2c84fc3aea\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"></p>\n<p><i>My time frame for reference</i>&nbsp;is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.</p>\n<p><i>The national box office</i>is the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.</p>\n<p><b><i>AMC market share.</i></b>I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.</p>\n<p><b><i>Admissions gross margin.</i></b>This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.</p>\n<p><b><i>Food expenses as a percent of sales.</i></b>I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs and<i>multiply them by 7 in their pricing to us moviegoers.</i>Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.</p>\n<p><b><i>Food and beverage sales as a percent of ticket prices.</i></b>I assume that AMC’s trend of modest increases continues.</p>\n<p><b><i>Operating expenses</i></b>are the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.</p>\n<p>We’re now ready for my earnings and cash flow models:</p>\n<p><img src=\"https://static.tigerbbs.com/9b8a5ce8ad10adb3336126cdb0a5e598\" tg-width=\"537\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p>\n<p>The ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:</p>\n<ul>\n <li><i>Depreciation/amortization</i>is a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.</li>\n <li><i>Interest expense</i>should decline as AMC pays down some debt with the equity it has been raising.</li>\n</ul>\n<p><b>The gravitational pull of earnings</b></p>\n<p>We arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.</p>\n<p><i>The bottom line - no support for investors.</i>AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words of<i>Trading Places</i>, “Sell Mortimer, sell!”</p>\n<p><b>The speculative play - a short squeeze: A historical cautionary tale</b></p>\n<p>Millennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The book<i>Business Adventures</i>by John Brooks<i>,</i>published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.</p>\n<p>Shorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:</p>\n<blockquote>\n “\n <i>Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…</i>”\n</blockquote>\n<p>The sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.</p>\n<blockquote>\n “\n <i>He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”</i>\n</blockquote>\n<p>Today we have apes sticking it to hedge funds.</p>\n<blockquote>\n “\n <i>One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.</i>”\n</blockquote>\n<p>Something to think about. What was Saunders to do?</p>\n<blockquote>\n “[\n <i>Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments</i>.”\n</blockquote>\n<p>Pretty clever, no? No:</p>\n<blockquote>\n “\n <i>At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”</i>\n</blockquote>\n<p>Uh oh. What now?</p>\n<blockquote>\n <i>“On August 22nd, the New York auction firm of Adrian H. Muller &amp; Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”</i>\n</blockquote>\n<p>Ouch.</p>\n<p><b>Buyers beware</b></p>\n<p>As Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?</p>\n<p>AMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC: Danger Signals For Investors And Speculators</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC: Danger Signals For Investors And Speculators\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 11:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pull of no earning prospects provides little support to the stock.\nA century-old cautionary tale for ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131310015","content_text":"Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pull of no earning prospects provides little support to the stock.\nA century-old cautionary tale for speculators counting on a short squeeze.\nSell before the other speculators do.\n\nRgStudio/E+ via Getty Images\nWhat are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “If I have seen a little further it is by standing on the shoulders of Giants.” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer forThe Wall Street Journal, and John Brooks, author of “Business Adventures”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.\nInvestor vs. trader vs. speculator\nJason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021Wall Street Journalcolumn:\n\n “\n Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”\n\nSo why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assetsnevercame up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.\nMr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.\nA 2022 AMC earnings forecast\nI start with the key assumptions:\n\nMy time frame for reference is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.\nThe national box officeis the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.\nAMC market share.I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.\nAdmissions gross margin.This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.\nFood expenses as a percent of sales.I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs andmultiply them by 7 in their pricing to us moviegoers.Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.\nFood and beverage sales as a percent of ticket prices.I assume that AMC’s trend of modest increases continues.\nOperating expensesare the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.\nWe’re now ready for my earnings and cash flow models:\n\nThe ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:\n\nDepreciation/amortizationis a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.\nInterest expenseshould decline as AMC pays down some debt with the equity it has been raising.\n\nThe gravitational pull of earnings\nWe arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.\nThe bottom line - no support for investors.AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words ofTrading Places, “Sell Mortimer, sell!”\nThe speculative play - a short squeeze: A historical cautionary tale\nMillennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The bookBusiness Adventuresby John Brooks,published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.\nShorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:\n\n “\n Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…”\n\nThe sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.\n\n “\n He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”\n\nToday we have apes sticking it to hedge funds.\n\n “\n One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.”\n\nSomething to think about. What was Saunders to do?\n\n “[\n Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments.”\n\nPretty clever, no? No:\n\n “\n At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”\n\nUh oh. What now?\n\n“On August 22nd, the New York auction firm of Adrian H. Muller & Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”\n\nOuch.\nBuyers beware\nAs Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?\nAMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168570854,"gmtCreate":1623979679178,"gmtModify":1703825316222,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"buy n hodl","listText":"buy n hodl","text":"buy n hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168570854","repostId":"1143254300","repostType":2,"isVote":1,"tweetType":1,"viewCount":2066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168981045,"gmtCreate":1623946741087,"gmtModify":1703824424025,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"buy n hodl","listText":"buy n hodl","text":"buy n hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168981045","repostId":"2144056746","repostType":2,"isVote":1,"tweetType":1,"viewCount":3117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":889466826,"gmtCreate":1631171014565,"gmtModify":1676530486228,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"Fool","listText":"Fool","text":"Fool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889466826","repostId":"1174332657","repostType":2,"repost":{"id":"1174332657","kind":"news","pubTimestamp":1631168952,"share":"https://ttm.financial/m/news/1174332657?lang=en_US&edition=fundamental","pubTime":"2021-09-09 14:29","market":"us","language":"en","title":"Why AMC, Clover, and Other Meme Stocks Tumbled On Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1174332657","media":"Motley Fool","summary":"The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.","content":"<p>The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.</p>\n<p><b>What happened</b></p>\n<p>Shares of&nbsp;<b>AMC Entertainment Holdings</b>(NYSE:AMC),<b>Skillz</b>(NYSE:SKLZ), and&nbsp;<b>Tonix Pharmaceuticals</b>(NASDAQ:TNXP)&nbsp;fell 0.9%, 8.3%, and 4.2% as of closed on Wednesday, with the fickle meme stock trading crowd reversing recent bullishness. Leading the charge for today's rout, however, is&nbsp;<b>Clover Health Investments</b>(NASDAQ:CLOV), down 12.5%.</p>\n<p><b>So what</b></p>\n<p>If you're looking for the headlines behind the moves, don't bother. There aren't any.</p>\n<p>As has been the case for the past few months, traders looking for a speculative edge are simply gathering around these stocks in an effort to collectively create the price action they desire, often by creating memes regarding these companies. Such efforts cause incredible price volatility.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ba4680fa5e89ea08b364002d70d086f\" tg-width=\"2000\" tg-height=\"1201\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p>Many of these names -- like Clover this week -- have also been recently targeted as short-squeeze candidates. That's not a terribly bad bet right now either, to be fair, in that more than 7% of the outstanding shares of the&nbsp;health insurance&nbsp;company are currently tied up in short trades. That's enough short positions to prospectively spark en masse buying that drives the price sharply higher,<i>if</i>those short-sellers start becoming unnerved by a bit of bullishness. Tuesday's 15% jump for Clover shares didn't do the trick, however, with most of that gain being given back today.</p>\n<p>Shares of movie theater chain AMC Entertainment aren't really helping the broader bullish effort either. While one would expect this king of all meme stocks to soar following reports of&nbsp;record-breaking&nbsp;Labor Day weekend box office ticket sales, a bit of Tuesday's near-9% gain from AMC shares is also unwinding with Wednesday's1% sell-off. While that's hardly a devastating setback, the failure to follow through on Tuesday's advance is telling in and of itself.</p>\n<p>Of course, the broad market's sell-off today is also creating a headwind for these well-known meme stocks.</p>\n<p><b>Now what</b></p>\n<p>The advent of&nbsp;meme stock&nbsp;mania (and in particular, organized efforts to spark short squeezes) comes as no real surprise. If you give enough people enough time and the means of doing so, it's reasonable to expect them to capitalize on an opportunity -- including one they must plan out on one of the internet's more popular message boards. A little success on this front early this year prompted the trading crowd to replicate the effort.</p>\n<p>Regardless of the strategy's previous effectiveness, however, meme stock mania is losing steam. Not only are hedge funds and other managed investment pools now shoring up their risk exposure to short squeezes, traders are also running out of stocks they can push around.</p>\n<p>They're also running out of other buyers and bullish arguments.</p>\n<p>See, for most meme stocks to continue their rallies, new buyers must bring new money to the table to purchase shares from traders that have already scooped up the stock and are now looking to lock in a sizable profit. Enough people were willing to take such a swing early in the year when AMC was trading around $2 per share. Now that it's trading at more than $46 per share, however, would-be buyers are considerably less interested. Underscoring this idea is the fact that shares of Tonix Pharmaceuticals and Clover Health have yet to respond to the same rally driving strategies that -- at least for a while -- buoyed AMC stock. In a similar vein, Skillz shares have also stopped responding to the bullish prompts that drove the stock from around $11 per share in November of last year to February's high in excess of $46. They're now back near $11, unable to keep a rally going.</p>\n<p>There's something of a litmus test for the entire meme stock movement due this afternoon. Another meme stock company,<b>GameStop</b>(NYSE:GME), is slated to report its fiscal second-quarter numbers after today's closing bell rings. The numbers are important. But even more important is whether or not the trading crowd relaying on the web's popular message boards will be able to convince others to start and sustain a rally from GameStop. If it can, other meme stocks like AMC and Clover will remain at least somewhat in play. If it can't, it may well be a sign that the underlying strategy of individual traders targeting one ticker at a time is no longer effective. This in turn may sour most of them from even trying to do so, continuing the conversion of many of these meme names back to more conventionally priced stocks.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMC, Clover, and Other Meme Stocks Tumbled On Wednesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMC, Clover, and Other Meme Stocks Tumbled On Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-09 14:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/08/why-amc-clover-and-other-meme-stocks-are-tumbling/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/08/why-amc-clover-and-other-meme-stocks-are-tumbling/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SKLZ":"Skillz Inc","TNXP":"Tonix Pharmaceuticals Holding Co","AMC":"AMC院线","CLOV":"Clover Health Corp"},"source_url":"https://www.fool.com/investing/2021/09/08/why-amc-clover-and-other-meme-stocks-are-tumbling/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174332657","content_text":"The notion that groups of individual investors can consistently organize efforts to push stock prices around is starting to crumble. At some point, companies must prove their stock's value. And, at some point, people will want to take profits.\nWhat happened\nShares of AMC Entertainment Holdings(NYSE:AMC),Skillz(NYSE:SKLZ), and Tonix Pharmaceuticals(NASDAQ:TNXP) fell 0.9%, 8.3%, and 4.2% as of closed on Wednesday, with the fickle meme stock trading crowd reversing recent bullishness. Leading the charge for today's rout, however, is Clover Health Investments(NASDAQ:CLOV), down 12.5%.\nSo what\nIf you're looking for the headlines behind the moves, don't bother. There aren't any.\nAs has been the case for the past few months, traders looking for a speculative edge are simply gathering around these stocks in an effort to collectively create the price action they desire, often by creating memes regarding these companies. Such efforts cause incredible price volatility.\nIMAGE SOURCE: GETTY IMAGES.\nMany of these names -- like Clover this week -- have also been recently targeted as short-squeeze candidates. That's not a terribly bad bet right now either, to be fair, in that more than 7% of the outstanding shares of the health insurance company are currently tied up in short trades. That's enough short positions to prospectively spark en masse buying that drives the price sharply higher,ifthose short-sellers start becoming unnerved by a bit of bullishness. Tuesday's 15% jump for Clover shares didn't do the trick, however, with most of that gain being given back today.\nShares of movie theater chain AMC Entertainment aren't really helping the broader bullish effort either. While one would expect this king of all meme stocks to soar following reports of record-breaking Labor Day weekend box office ticket sales, a bit of Tuesday's near-9% gain from AMC shares is also unwinding with Wednesday's1% sell-off. While that's hardly a devastating setback, the failure to follow through on Tuesday's advance is telling in and of itself.\nOf course, the broad market's sell-off today is also creating a headwind for these well-known meme stocks.\nNow what\nThe advent of meme stock mania (and in particular, organized efforts to spark short squeezes) comes as no real surprise. If you give enough people enough time and the means of doing so, it's reasonable to expect them to capitalize on an opportunity -- including one they must plan out on one of the internet's more popular message boards. A little success on this front early this year prompted the trading crowd to replicate the effort.\nRegardless of the strategy's previous effectiveness, however, meme stock mania is losing steam. Not only are hedge funds and other managed investment pools now shoring up their risk exposure to short squeezes, traders are also running out of stocks they can push around.\nThey're also running out of other buyers and bullish arguments.\nSee, for most meme stocks to continue their rallies, new buyers must bring new money to the table to purchase shares from traders that have already scooped up the stock and are now looking to lock in a sizable profit. Enough people were willing to take such a swing early in the year when AMC was trading around $2 per share. Now that it's trading at more than $46 per share, however, would-be buyers are considerably less interested. Underscoring this idea is the fact that shares of Tonix Pharmaceuticals and Clover Health have yet to respond to the same rally driving strategies that -- at least for a while -- buoyed AMC stock. In a similar vein, Skillz shares have also stopped responding to the bullish prompts that drove the stock from around $11 per share in November of last year to February's high in excess of $46. They're now back near $11, unable to keep a rally going.\nThere's something of a litmus test for the entire meme stock movement due this afternoon. Another meme stock company,GameStop(NYSE:GME), is slated to report its fiscal second-quarter numbers after today's closing bell rings. The numbers are important. But even more important is whether or not the trading crowd relaying on the web's popular message boards will be able to convince others to start and sustain a rally from GameStop. If it can, other meme stocks like AMC and Clover will remain at least somewhat in play. If it can't, it may well be a sign that the underlying strategy of individual traders targeting one ticker at a time is no longer effective. This in turn may sour most of them from even trying to do so, continuing the conversion of many of these meme names back to more conventionally priced stocks.","news_type":1,"symbols_score_info":{"TNXP":0.9,"CLOV":0.9,"SKLZ":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168981045,"gmtCreate":1623946741087,"gmtModify":1703824424025,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"buy n hodl","listText":"buy n hodl","text":"buy n hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168981045","repostId":"2144056746","repostType":2,"isVote":1,"tweetType":1,"viewCount":3117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153037906,"gmtCreate":1624984551605,"gmtModify":1703849593601,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"FOOL?","listText":"FOOL?","text":"FOOL?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153037906","repostId":"2147585785","repostType":2,"isVote":1,"tweetType":1,"viewCount":2557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166310846,"gmtCreate":1623991311585,"gmtModify":1703825933652,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"stay calm, buy n hodl","listText":"stay calm, buy n hodl","text":"stay calm, buy n hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166310846","repostId":"1131310015","repostType":2,"repost":{"id":"1131310015","kind":"news","pubTimestamp":1623987347,"share":"https://ttm.financial/m/news/1131310015?lang=en_US&edition=fundamental","pubTime":"2021-06-18 11:35","market":"us","language":"en","title":"AMC: Danger Signals For Investors And Speculators","url":"https://stock-news.laohu8.com/highlight/detail?id=1131310015","media":"seekingalpha","summary":"Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pul","content":"<p><b>Summary</b></p>\n<ul>\n <li>I stand on the shoulder of giants to guide you on AMC.</li>\n <li>For investors, the gravitational pull of no earning prospects provides little support to the stock.</li>\n <li>A century-old cautionary tale for speculators counting on a short squeeze.</li>\n <li>Sell before the other speculators do.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dabb985556b9f549dd561bf919495d08\" tg-width=\"768\" tg-height=\"513\"><span>RgStudio/E+ via Getty Images</span></p>\n<p>What are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “<i>If I have seen a little further it is by standing on the shoulders of Giants.</i>” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer for<i>The Wall Street Journal</i>, and John Brooks, author of “<i>Business Adventures</i>”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.</p>\n<p><b>Investor vs. trader vs. speculator</b></p>\n<p>Jason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021<i>Wall Street Journal</i>column:</p>\n<blockquote>\n “\n <i>Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”</i>\n</blockquote>\n<p>So why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assets<i>never</i>came up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.</p>\n<p>Mr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.</p>\n<p><b>A 2022 AMC earnings forecast</b></p>\n<p>I start with the key assumptions:</p>\n<p><img src=\"https://static.tigerbbs.com/3f5311cb0ff00c046d122c2c84fc3aea\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"></p>\n<p><i>My time frame for reference</i>&nbsp;is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.</p>\n<p><i>The national box office</i>is the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.</p>\n<p><b><i>AMC market share.</i></b>I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.</p>\n<p><b><i>Admissions gross margin.</i></b>This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.</p>\n<p><b><i>Food expenses as a percent of sales.</i></b>I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs and<i>multiply them by 7 in their pricing to us moviegoers.</i>Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.</p>\n<p><b><i>Food and beverage sales as a percent of ticket prices.</i></b>I assume that AMC’s trend of modest increases continues.</p>\n<p><b><i>Operating expenses</i></b>are the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.</p>\n<p>We’re now ready for my earnings and cash flow models:</p>\n<p><img src=\"https://static.tigerbbs.com/9b8a5ce8ad10adb3336126cdb0a5e598\" tg-width=\"537\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p>\n<p>The ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:</p>\n<ul>\n <li><i>Depreciation/amortization</i>is a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.</li>\n <li><i>Interest expense</i>should decline as AMC pays down some debt with the equity it has been raising.</li>\n</ul>\n<p><b>The gravitational pull of earnings</b></p>\n<p>We arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.</p>\n<p><i>The bottom line - no support for investors.</i>AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words of<i>Trading Places</i>, “Sell Mortimer, sell!”</p>\n<p><b>The speculative play - a short squeeze: A historical cautionary tale</b></p>\n<p>Millennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The book<i>Business Adventures</i>by John Brooks<i>,</i>published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.</p>\n<p>Shorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:</p>\n<blockquote>\n “\n <i>Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…</i>”\n</blockquote>\n<p>The sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.</p>\n<blockquote>\n “\n <i>He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”</i>\n</blockquote>\n<p>Today we have apes sticking it to hedge funds.</p>\n<blockquote>\n “\n <i>One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.</i>”\n</blockquote>\n<p>Something to think about. What was Saunders to do?</p>\n<blockquote>\n “[\n <i>Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments</i>.”\n</blockquote>\n<p>Pretty clever, no? No:</p>\n<blockquote>\n “\n <i>At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”</i>\n</blockquote>\n<p>Uh oh. What now?</p>\n<blockquote>\n <i>“On August 22nd, the New York auction firm of Adrian H. Muller &amp; Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”</i>\n</blockquote>\n<p>Ouch.</p>\n<p><b>Buyers beware</b></p>\n<p>As Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?</p>\n<p>AMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC: Danger Signals For Investors And Speculators</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC: Danger Signals For Investors And Speculators\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 11:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pull of no earning prospects provides little support to the stock.\nA century-old cautionary tale for ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://seekingalpha.com/article/4435360-amc-stock-danger-signals-for-investors-and-speculators","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131310015","content_text":"Summary\n\nI stand on the shoulder of giants to guide you on AMC.\nFor investors, the gravitational pull of no earning prospects provides little support to the stock.\nA century-old cautionary tale for speculators counting on a short squeeze.\nSell before the other speculators do.\n\nRgStudio/E+ via Getty Images\nWhat are we to make of the meme stock phenomena? I tookone stab at itwith AMC Entertainment Holdings, Inc.(NYSE:AMC)a few weeks ago. I’m back for more, after reading two interesting pieces. As Isaac Newton said in 1676, “If I have seen a little further it is by standing on the shoulders of Giants.” Now I’m no Isaac Newton. For one, I’m far better looking. But like Zeke – a nickname Isaac’s friends probably never used – I too stand on the shoulders of giants. In this case the shoulders of Jason Zweig, a wonderful financial markets writer forThe Wall Street Journal, and John Brooks, author of “Business Adventures”, a book recommended by Bill Gates. I will quote liberally from both in this article, then draw the line for you to AMC.\nInvestor vs. trader vs. speculator\nJason Zweig graphically distinguished between these three types of stock buyers in hisJune 11, 2021Wall Street Journalcolumn:\n\n “\n Whenever you buy any financial asset because you have a hunch or just for kicks, or because somebody famous is hyping the heck out of it, or everybody else seems to be buying it too, you aren’t investing.You’re definitely a trader: someone who has just bought an asset. And you may be a speculator: someone who thinks other people will pay more for it than you did.”“An investor relies on internal sources of return: earnings, income, growth in the value of assets. A speculator counts on external sources of return: primarily whether somebody else will pay more, regardless of fundamental value.”\n\nSo why has AMC’s stock price been on a tear? I have one informal data source, namely the 300+ comments on my June 4 AMC article. Earnings, income, growth in the value of assetsnevercame up. What did come up was “short squeeze” and stock charts. So I expect Mr. Zweig would describe AMC’s stock as driven by traders and speculators.\nMr. Zweig also made me realize that my AMC article left out an earnings forecast. I gave lots of data on historic trends, which only implied a future direction. I correct that omission here.\nA 2022 AMC earnings forecast\nI start with the key assumptions:\n\nMy time frame for reference is 2017 to 2019. Earlier data is less relevant because AMC made a big acquisition in 2016, and 2020 and 2021 data is even less relevant because of COVID.\nThe national box officeis the major assumption.My June 4 articleshows that movie attendance has been declining since 2002. What will box office be next year? The steady growth in streaming, both in subscribers and content, certainly is a headwind. And COVID logically should increase the shift from offsite (theater) entertainment to home entertainment, as it has for shopping and working. Holding movie attendance near its ’19 level would be a minor miracle. A 10%, or even a 20%, decline is far more likely. As you can see in the table above, I make 2022 AMC EPS forecasts using all three box office assumptions.\nAMC market share.I assume a share increase from AMC’s ’17-’19 level because some competing theaters must have dropped out because of COVID financial pressures.\nAdmissions gross margin.This is the profit from ticket sales less the cost of licensing movies from their producers. I hold AMC steady with ’17-’19, but I can also imagine that movie producers seek better terms because AMC has to bid against a growing pool of streaming services desperate for content.\nFood expenses as a percent of sales.I carry forward the shockingly low number. AMC, and presumably its peers, take their food and beverage costs andmultiply them by 7 in their pricing to us moviegoers.Smuggle in your own Jujifruits and save a bundle. My best financial advice for the year.\nFood and beverage sales as a percent of ticket prices.I assume that AMC’s trend of modest increases continues.\nOperating expensesare the cost of the theater personnel, utilities, etc. I assume the gradual uptrend in the operating expense ratio continues, for two reasons. One, these operating expenses are largely fixed, and revenues will be under pressure. Second, it seems logical that the current labor shortage will pressure pay levels for low-end theater jobs.\nWe’re now ready for my earnings and cash flow models:\n\nThe ’22 forecasts are set by the assumptions above through the “gross profit” line. My overhead expense forecast assumes that AMC is working hard to limit expenses through its challenging times:\n\nDepreciation/amortizationis a combination of accounting expenses for real estate and acquisitions. Write-downs taken during the pandemic should have reduced these expenses.\nInterest expenseshould decline as AMC pays down some debt with the equity it has been raising.\n\nThe gravitational pull of earnings\nWe arrive at the bottom line. The best-case scenario I can see for 2022 EPS is roughly breakeven. More likely is a modest loss. Cash flow should be somewhat worse, because the cash capital spending needed by AMC to keep its theaters attractive to a shrinking audience should exceed its non-cash depreciation/amortization expenses. If capital spending is much lower than I forecast, it is probably because AMC management is conceding that it is in a death spiral and wants to milk what cash it can.\nThe bottom line - no support for investors.AMC’s book value is negative. It appears incapable of earning any material money post-COVID. Its business is in long-term decline due to technology changes, and its new competitors are monster companies – Netflix, Disney, Comcast, etc. – with huge resources. An investor can only look at AMC’s current $55 stock price and with a shudder say, in the immortal words ofTrading Places, “Sell Mortimer, sell!”\nThe speculative play - a short squeeze: A historical cautionary tale\nMillennials did not invent the short squeeze. It has been around almost as long financial markets have existed. The bookBusiness Adventuresby John Brooks,published way back in 1969, tells a vivid tale of a short squeeze even farther back, in the early 1920s. Literally a century ago. I’m going to quote from the book to suggest how the story ends for speculations with no investor support. So pour yourself some illegal hooch (we’re heading to the Prohibition Era) and read on. This is the story of Clarence Saunders, the founder of Piggly Wiggly Stores, the first supermarket; the Amazon of his day.\nShorts went after Clarence’s stock in 1922, driving it from $50 to below $40. Saunders vowed revenge with a short squeeze. Here are excerpts of Mr. Brooks’ recounting of the story:\n\n “\n Saunders…bought 33,000 shares of Piggly Wiggly, mostly from short sellers; within a week he had brought the total to 105,000 – more than half of the 200,000 shares outstanding. The effectiveness of Saunders’ buying campaign was readily apparent; by late January of 1923 it had driven he price up over $60…”\n\nThe sole short squeezer of yore has been replaced by herds of “apes” today, and the apes have been far better in driving up prices. By the way, believe it or not, a group of apes is apparently called a “shrewdness”. A group of apes is shrewd – interesting.\n\n “\n He had made himself a bundle and had demonstrated how a poor Southern boy could teach the city slickers a lesson.”\n\nToday we have apes sticking it to hedge funds.\n\n “\n One of the great hazards in the Corner was always that even though a player might defeat his opponents, he would discover that he had won a Pyrrhic victory. Once the short sellers had been squeezed dry, the cornerer might find that the reams of stock he had accumulated in the process were a dead weight around his neck; by pushing it all back into the market, he would drive its price down to zero.”\n\nSomething to think about. What was Saunders to do?\n\n “[\n Saunders’] solution was to sell his $55 shares on the installment plan. In his February advertisements, he stipulated that the public could buy shares only by paying $25 down and the balance in three $10 installments.”\n\nPretty clever, no? No:\n\n “\n At the end of the third day, the total number of shares subscribed for was still under 25,000, and the sales that were made were canceled. Saunders had to admit that the drive had been a failure.”\n\nUh oh. What now?\n\n“On August 22nd, the New York auction firm of Adrian H. Muller & Son…knocked down 1,500 shares of Piggly Wiggly at $1 a share…The following spring Saunders went through formal bankruptcy proceedings.”\n\nOuch.\nBuyers beware\nAs Jason Zweig noted above, speculators depend upon finding a buyer at a higher price. Today’s holders of AMC stock certainly have made life painful for many short sellers. But are there really enough new buyers to take out current shareholders above AMC’s present $28 billion market cap? Especially with the gravity of no earnings constantly weighing on the stock?\nAMC shareholders, don’t win Clarence Saunders’ Pyrrhic victory. Take your $55 a share and run. Fast. Before the other speculating holders do so first.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168570854,"gmtCreate":1623979679178,"gmtModify":1703825316222,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"buy n hodl","listText":"buy n hodl","text":"buy n hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168570854","repostId":"1143254300","repostType":2,"isVote":1,"tweetType":1,"viewCount":2066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817378306,"gmtCreate":1630913845305,"gmtModify":1676530419226,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"Fool?","listText":"Fool?","text":"Fool?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817378306","repostId":"1139285076","repostType":2,"repost":{"id":"1139285076","kind":"news","pubTimestamp":1630898911,"share":"https://ttm.financial/m/news/1139285076?lang=en_US&edition=fundamental","pubTime":"2021-09-06 11:28","market":"us","language":"en","title":"Should You Invest in AMC Stock Right Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=1139285076","media":"Motley Fool","summary":"The company's shares are soaring, making some feel like they are missing out.","content":"<p><b>Key Points</b></p>\n<ul>\n <li>AMC's stock price is detached from operating performance.</li>\n <li>Movie theater attendance is declining.</li>\n <li>The coronavirus pandemic is constraining operations.</li>\n</ul>\n<p><b>AMC Entertainment Group</b>(NYSE:AMC)&nbsp;has many investors curious. The stock inspires many headlines, and AMC is a source of frequent discussion on social media sites and discussion forums.</p>\n<p>AMC stock is up nearly 2,000% in 2021, and it has some people asking themselves if they are missing out on the ride of a lifetime. Let's look closer at the popular meme stock and determine if you should buy AMC stock right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91d130a094fd82a5407017364a82aad1\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>AMC STOCK IS UP NEARLY 2,000% THIS YEAR. IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p><b>Why AMC stock keeps climbing higher</b></p>\n<p>First, it's important to note the company's rising&nbsp;stock&nbsp;price has little to do with its operating performance. AMC's business was devastated during the pandemic. While it is slowly bouncing back, the company is still losing money every quarter. There is no telling when or if the company will generate profits on the bottom line.</p>\n<p>Rather, its stock price is rising due to a large group of individuals collectively deciding to buy and hold the stock. Like many financial assets, when the demand goes up, the price moves in the same direction.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd89ac8f9cd6fd071fc2a56a384ed088\" tg-width=\"720\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>AMC Profit Margin (Quarterly) data by YCharts</span></p>\n<p><b>Looking at AMC's operating performance</b></p>\n<p>Since AMC generates nearly all of its revenue from people visiting theaters in person, the coronavirus pandemic was a catastrophe. What's more, AMC still had to come up with the rent payments on its theaters and interest payments to its lenders. Management has since negotiated some delays to those payments, but they are still accumulating.</p>\n<p>Unlike a company with a high degree of variable expenses like&nbsp;<b>Uber</b>, which only pays drivers if they are with customers earning revenue, AMC has a high degree of fixed expenses that didn't decrease with the dropoff in revenue. AMC's business model&nbsp;works well when revenue is expanding&nbsp;because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.</p>\n<p>Indeed, AMC reported an operating loss of $1.5 billion in 2020 and has reported losses on the bottom line in three out of the last four years.</p>\n<p><b>Customer value proposition</b></p>\n<p>A confluence of factors has fewer people visiting movie theaters to watch films. From 2002 to 2019, tickets sold to view movies at the box office in the U.S. and Canada decreased from 1.58 billion to 1.24 billion. The factors can be combined and stated as the lessening degree of the quality difference between watching films at home and in a theater.</p>\n<p>Higher-quality TVs, better sound systems, and the rise of streaming services are all improving the home viewing experience. Meanwhile, the only noticeable upgrade in movie theaters has been replacing cloth chairs for leather power reclining seats -- an improvement, to be sure. At the same time the quality difference is narrowing, the price difference is expanding.</p>\n<p>Consumers can subscribe to the&nbsp;<b>Disney</b>&nbsp;streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a&nbsp;<b>Netflix</b>&nbsp;subscription for less than $10 per month and entertain a whole family for less than $1 per day. That's in contrast to watching a film on the big screen at over $10 per ticket, even higher in some cities. Studios are increasingly putting blockbuster films straight onto their streaming services, giving viewers a compelling choice of content to choose from.</p>\n<p>This trend is unlikely to reverse, as studios keep a higher share of film revenue if they don't have to split with movie theaters like AMC.</p>\n<p><b>The verdict</b></p>\n<p>The current operating environment for AMC is severely constrained, with a deadly virus still in circulation. Over the longer run, the secular popularity of streaming services and the increasing quality of the home viewing experience is bad news for AMC. Looking at the company's business prospects alone, youshould not invest in AMC stock right now.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should You Invest in AMC Stock Right Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould You Invest in AMC Stock Right Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 11:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/05/should-you-invest-in-amc-stock-right-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nAMC's stock price is detached from operating performance.\nMovie theater attendance is declining.\nThe coronavirus pandemic is constraining operations.\n\nAMC Entertainment Group(NYSE:AMC) has...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/05/should-you-invest-in-amc-stock-right-now/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/09/05/should-you-invest-in-amc-stock-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139285076","content_text":"Key Points\n\nAMC's stock price is detached from operating performance.\nMovie theater attendance is declining.\nThe coronavirus pandemic is constraining operations.\n\nAMC Entertainment Group(NYSE:AMC) has many investors curious. The stock inspires many headlines, and AMC is a source of frequent discussion on social media sites and discussion forums.\nAMC stock is up nearly 2,000% in 2021, and it has some people asking themselves if they are missing out on the ride of a lifetime. Let's look closer at the popular meme stock and determine if you should buy AMC stock right now.\nAMC STOCK IS UP NEARLY 2,000% THIS YEAR. IMAGE SOURCE: GETTY IMAGES.\nWhy AMC stock keeps climbing higher\nFirst, it's important to note the company's rising stock price has little to do with its operating performance. AMC's business was devastated during the pandemic. While it is slowly bouncing back, the company is still losing money every quarter. There is no telling when or if the company will generate profits on the bottom line.\nRather, its stock price is rising due to a large group of individuals collectively deciding to buy and hold the stock. Like many financial assets, when the demand goes up, the price moves in the same direction.\nAMC Profit Margin (Quarterly) data by YCharts\nLooking at AMC's operating performance\nSince AMC generates nearly all of its revenue from people visiting theaters in person, the coronavirus pandemic was a catastrophe. What's more, AMC still had to come up with the rent payments on its theaters and interest payments to its lenders. Management has since negotiated some delays to those payments, but they are still accumulating.\nUnlike a company with a high degree of variable expenses like Uber, which only pays drivers if they are with customers earning revenue, AMC has a high degree of fixed expenses that didn't decrease with the dropoff in revenue. AMC's business model works well when revenue is expanding because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.\nIndeed, AMC reported an operating loss of $1.5 billion in 2020 and has reported losses on the bottom line in three out of the last four years.\nCustomer value proposition\nA confluence of factors has fewer people visiting movie theaters to watch films. From 2002 to 2019, tickets sold to view movies at the box office in the U.S. and Canada decreased from 1.58 billion to 1.24 billion. The factors can be combined and stated as the lessening degree of the quality difference between watching films at home and in a theater.\nHigher-quality TVs, better sound systems, and the rise of streaming services are all improving the home viewing experience. Meanwhile, the only noticeable upgrade in movie theaters has been replacing cloth chairs for leather power reclining seats -- an improvement, to be sure. At the same time the quality difference is narrowing, the price difference is expanding.\nConsumers can subscribe to the Disney streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a Netflix subscription for less than $10 per month and entertain a whole family for less than $1 per day. That's in contrast to watching a film on the big screen at over $10 per ticket, even higher in some cities. Studios are increasingly putting blockbuster films straight onto their streaming services, giving viewers a compelling choice of content to choose from.\nThis trend is unlikely to reverse, as studios keep a higher share of film revenue if they don't have to split with movie theaters like AMC.\nThe verdict\nThe current operating environment for AMC is severely constrained, with a deadly virus still in circulation. Over the longer run, the secular popularity of streaming services and the increasing quality of the home viewing experience is bad news for AMC. Looking at the company's business prospects alone, youshould not invest in AMC stock right now.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170761227,"gmtCreate":1626452060969,"gmtModify":1703760548344,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"FOOL","listText":"FOOL","text":"FOOL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170761227","repostId":"2151892500","repostType":2,"isVote":1,"tweetType":1,"viewCount":2262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125391360,"gmtCreate":1624647666350,"gmtModify":1703842766853,"author":{"id":"3567867205688891","authorId":"3567867205688891","name":"我不轻易出手","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567867205688891","idStr":"3567867205688891"},"themes":[],"htmlText":"thx, then buy n hodl.","listText":"thx, then buy n hodl.","text":"thx, then buy n hodl.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125391360","repostId":"2146072291","repostType":2,"isVote":1,"tweetType":1,"viewCount":2353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}