Theater-chain operator, AMC Entertainment Holdings, Inc. (NYSE:AMC) has been a joke of an investment, but the past nine months have seen it tick up 42%. The poster child of ‘meme stocks’ continues to hang in there, despite offering virtually no relief
AMC Stock: A Speculative Hold At Multi-Year Lows
Summary
- AMC Entertainment Holdings has seen a 42% rise in nine months but remains in a secular decline with inconsistent growth and high debt.
- Attendance numbers are down, offset by rising ticket prices, while streaming and reduced Hollywood output challenge AMC's business model.
- Despite a weak balance sheet, AMC showed improvement in Q3 with a significant EBITDA boost and reduced debt, holding $527.4 million in cash.
- Without a strong catalyst, AMC's stock remains risky but may appeal to risk-takers due to its deeply oversold status and meme stock relevance.
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