There’s Simply No Good Reason to Buy AMC Stock

InvestorPlace2022-02-04

It’s been just over a year since traders on Reddit’s WallStreetBets incited the GameStop(NYSE:GME)trading frenzy and the term “meme stock” entered our lexicon. Early on, this retail army also set its ...

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精彩评论

Kerrisdale
2022-02-07
Kerrisdale
Haha.. the article recommends Cinemark. Is it not in the same league as AMC?
圣地麦加
2022-02-07
圣地麦加
没有理由就是最好的理由。我就是喜欢这这股票。

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Early on, this retail army also set its ...</p>\n\n<a href=\"https://investorplace.com/2022/02/theres-simply-no-good-reason-to-buy-amc-stock/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://investorplace.com/2022/02/theres-simply-no-good-reason-to-buy-amc-stock/","article_id":"1187577054","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1187577054","pubTimestamp":1643977059,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"It’s been just over a year since traders on Reddit’s WallStreetBets incited the GameStop(NYSE:GME)tr","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线"},"translate_title":"根本没有什么好理由去买AMC的股票","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9},"content_text":"It’s been just over a year since traders on Reddit’s WallStreetBets incited the GameStop(NYSE:GME)trading frenzy and the term “meme stock” entered our lexicon. Early on, this retail army also set its sights on struggling movie theater chain AMC Entertainment(NYSE:AMC). An initial short squeeze in early 2021 took AMC stock from around $2 a share to over $20, while another one took shares to an all-time high of $72.62 in June.Both times, the rallies proved to be unsustainable and AMC stock came crashing down. That’s not surprising when you consider the company’s broken business model and sky-high debt.The short float on AMC stock is close to 19%. If the retail army decides to target it again, we could see another temporary pop in shares. But anyone who treats the stock as a long-term hold is likely to continue experiencing losses.In short, there’s nothing to attract investors to AMC stock besides momentum and hype. How far shares fall depends on the market’s overall sentiment, the short float against the stock and the health of the movie theater chain.Insiders Dumping AMC Stock as the Business StrugglesThe streaming wars of 2021 led to fewer blockbuster releases. After sustaining heavy losses, some firms are likely to stop simultaneously releasing movies in theatres and on a streaming service.What matters for AMC now, though, are the movie release plans for 2022. “Black Panther: Wakanda Forever,” “The Flash” and “Thor: Love and Thunder” are among this year’s anticipated box-office hits.AMC could post decent revenue growth if movie theater visits rebound sharply from pandemic levels. However, coronavirus variants continue to put a damper on the movie business, delaying movie releases and sidelining staff.As the company struggles to find its footing, insiders have been dumping shares at an alarming rate. CEO Adam Aron sold most of his shares late last year and another $7.1 million in January, which he said was part of his estate planning. In total, he has sold more than $40 million in shares.While Aron is supposedly getting his affairs in order, retail investors have been left holding the bag as AMC stock continues to drop.Few analysts offer a fair value on AMC stock.According to TipRanks, the five analysts who cover shares have an average price target of $8.17. That’s 45% below the current price.There Are Plenty of Better Investments Out ThereI can think of at least four better media plays for investors still toying with the idea of buying AMC stock.You could consider buying shares ofViacomCBS(NASDAQ:VIAC), which have a price-to-earnings ratio in the mid-single digits. The company’s Pluto TV free streaming service has close to 50 million monthly active users.Or there’s Roku (NASDAQ:ROKU), the streaming leader in the United States. In September, it was estimated byeMarketerthat a third of the U.S. population used a Roku device.Or how about Netflix(NASDAQ:NFLX)? The undisputed king of streaming content is trading more than 40% below its all-time high following the tech sector sell-off. As subscriber growth slows, Netflix is raising its prices to boost revenue, because it knows it can.Finally, if you’re looking for a more direct play on the movie business, there’s Cinemark Holdings(NYSE:CNK). In the third quarter,the firm postedsolid adjusted EBITDA of $44.3 million compared to a loss of $128 million a year before.The Bottom Line on AMC StockAMC is a meme trade that came and went. Now that the easy money has disappeared, the company must prove it has a fundamentally sound business. That’s going to be a tough sell.Fundamental investors are likely to continue to shun AMC stock until shares fall into the single digits. To trend higher, AMC needs to post strong results and issue upbeat guidance. 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Is it not in the same league as AMC?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633563609","repostId":1187577054,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":633596821,"gmtCreate":1644208230302,"gmtModify":1644208230302,"author":{"id":"3485338771748296","authorId":"3485338771748296","name":"圣地麦加","avatar":"https://static.tigerbbs.com/89fed6d6407affa945a1b6bdcaf275c8","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"没有理由就是最好的理由。我就是喜欢这这股票。","listText":"没有理由就是最好的理由。我就是喜欢这这股票。","text":"没有理由就是最好的理由。我就是喜欢这这股票。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633596821","repostId":1187577054,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1187577054"}