eniluaP
2021-03-15
This phenomenon is crazy
GameStop, AMC, and Cinemark Shares Have Been Whipsawed. What’s Ahead.<blockquote>游戏驿站、AMC 和 Cinemark 的股价遭受重创。未来。</blockquote>
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What’s Ahead.<blockquote>游戏驿站、AMC 和 Cinemark 的股价遭受重创。未来。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158233246","media":"barrons","summary":"For GameStop, AMC Entertainment Holdings, and Cinemark Holdings, the past 12 months have been a seri","content":"<p>For GameStop, AMC Entertainment Holdings, and Cinemark Holdings, the past 12 months have been a series of sickening lows and dizzying highs. Now that the worst appears to be over, they are moving to the next difficult phase: delivering a rebound.</p><p><blockquote>对于游戏驿站、AMC院线控股公司和Cinemark控股公司来说，过去12个月是一系列令人作呕的低点和令人眼花缭乱的高点。现在最糟糕的时期似乎已经过去，他们正进入下一个困难的阶段：实现反弹。</blockquote></p><p> All three are emerging from brutal pandemic lockdowns. GameStop (ticker: GME) and AMC (AMC) also made it through short squeezes and retail trading frenzies. Each is now maneuvering through what many consider permanent shifts in the way consumers shop and seek entertainment.</p><p><blockquote>这三个国家都是从残酷的疫情封锁中走出来的。游戏驿站（股票代码：GME）和 AMC (AMC) 也度过了空头挤压和零售交易狂潮。现在，每个人都在应对许多人认为消费者购物和寻求娱乐方式的永久性转变。</blockquote></p><p> The companies each have mapped out paths forward, but at least two of the stocks—Gamestop and AMC—are apt to face more struggles.</p><p><blockquote>两家公司都规划了前进的道路，但至少其中两只股票——游戏驿站和 AMC——很可能面临更多困境。</blockquote></p><p> GameStop, which sells new and used videogames and consoles, is trying to transform itself from a collection of 5,000-plus traditional stores to a nimble digital force under the eye of Chewy (CHWY) founder Ryan Cohen, who bought a 9% stake last year and assumed a board seat. Shares jumped 97.1% last week, to a recent $264, on the formation of a committee on the company’s reinvention.</p><p><blockquote>销售新旧视频游戏和游戏机的游戏驿站正试图在 Chewy (CHWY) 创始人 Ryan Cohen 的眼皮底下，将自己从 5,000 多家传统商店的集合转变为一支灵活的数字力量，Ryan Cohen 去年购买了 9% 的股份并担任了董事会席位。由于成立了一个关于公司重塑的委员会，股价上周大涨 97.1%，至最近的 264 美元。</blockquote></p><p> Still, revenue was already trending down, from $9.2 billion in 2018 to $6.5 billion for 2020 and an estimated $5.2 billion for 2021. Analysts tracked by FactSet expect per-share losses for 2021 and 2022.</p><p><blockquote>尽管如此，收入已经呈下降趋势，从2018年的92亿美元降至2020年的65亿美元，预计2021年为52亿美元。FactSet 追踪的分析师预计 2021 年和 2022 年每股亏损。</blockquote></p><p> Barron’s thought the shares looked pricey at $18 in January, and we haven’t changed our minds, given the monumental challenges ahead. GameStop said its committee will look for “identifying actions” to transform the company into a technology business.</p><p><blockquote>《巴伦周刊》认为，1 月份的股价看起来很昂贵，考虑到未来的巨大挑战，我们并没有改变主意。游戏驿站表示，其委员会将寻求 “确定行动 ”，将公司转型为一家技术企业。</blockquote></p><p> AMC and Cinemark (CNK) both are getting new life, particularly with the opening of theaters in major markets like Los Angeles and New York City. AMC beat earnings expectations for the fourth quarter, and shares popped 40.4% this past week, to a recent $11.16. But Lightshed Partners’ Richard Greenfield says AMC’s debt load—equal to 8.3 times 2022 estimated earnings before interest, taxes, and amortization—makes the stock a Sell. His price target: one penny.</p><p><blockquote>AMC 和 Cinemark (CNK) 都获得了新的生命，特别是随着洛杉矶和纽约市等主要市场影院的开业。AMC 第四季度盈利超出预期，股价上周上涨 40.4%，至最近的 11.16 美元。但 Lightshed Partners 的理查德-格林菲尔德（Richard Greenfield）表示，AMC 的债务负担--相当于 2022 年息税摊销前预计收益的 8.3 倍--使该股值得卖出。他的目标价格：一便士。</blockquote></p><p> AMC couldn’t be reached for comment.</p><p><blockquote>记者未能联系到 AMC 置评。</blockquote></p><p> Not all analysts are negative, but many point to AMC’s steeply rising costs, such as $450 million in deferred rent. AMC has been raising cash by selling shares and issuing convertible debt, and said in an earnings release Thursday that “we will continue to actively explore alternatives to raise additional capital and reduce our leverage.”</p><p><blockquote>并非所有分析师都持否定态度，但许多分析师指出 AMC 的成本急剧上升，如 4.5 亿美元的递延租金。AMC 一直在通过出售股票和发行可转换债券来筹集现金，并在周四的财报发布会上表示，“我们将继续积极探索筹集额外资本和降低杠杆率的替代方案”。</blockquote></p><p> Cinemark has less debt; leverage is under five times 2022 Ebita, and it is selling a $405 million bond to retire some of it. Cinemark recently flexed its muscles with Hollywood, opting not to show Disney’s (DIS) Raya and the Last Dragon, denting premier weekend box-office sales for the studio.</p><p><blockquote>Cinemark 的债务较少；杠杆率不到 2022 年 Ebita 的五倍，该公司正在出售 4.05 亿美元的债券以赎回部分债券。Cinemark 最近向好莱坞展示了自己的实力，选择不放映迪士尼的《Raya》和《the Last Dragon》，这削弱了该制片厂的周末首映票房。</blockquote></p><p> Taking such a stand shows that theater chains still have some power, says Eric Wold of B. Riley Securities, who rates Cinemark a Buy. “This could force studios to take a closer look at distribution strategies,” he says.</p><p><blockquote>B. Riley Securities 的埃里克·沃尔德 (Eric Wold) 表示，采取这样的立场表明连锁影院仍然拥有一定的影响力，他将 Cinemark 评级为买入。“他说：”这可能会迫使电影公司仔细审视发行策略。</blockquote></p><p></p>","source":"lsy1601382232898","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>GameStop, AMC, and Cinemark Shares Have Been Whipsawed. What’s Ahead.<blockquote>游戏驿站、AMC 和 Cinemark 的股价遭受重创。未来。</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nGameStop, AMC, and Cinemark Shares Have Been Whipsawed. What’s Ahead.<blockquote>游戏驿站、AMC 和 Cinemark 的股价遭受重创。未来。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">barrons</strong><span class=\"h-time small\">2021-03-15 18:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>For GameStop, AMC Entertainment Holdings, and Cinemark Holdings, the past 12 months have been a series of sickening lows and dizzying highs. Now that the worst appears to be over, they are moving to the next difficult phase: delivering a rebound.</p><p><blockquote>对于游戏驿站、AMC院线控股公司和Cinemark控股公司来说，过去12个月是一系列令人作呕的低点和令人眼花缭乱的高点。现在最糟糕的时期似乎已经过去，他们正进入下一个困难的阶段：实现反弹。</blockquote></p><p> All three are emerging from brutal pandemic lockdowns. GameStop (ticker: GME) and AMC (AMC) also made it through short squeezes and retail trading frenzies. Each is now maneuvering through what many consider permanent shifts in the way consumers shop and seek entertainment.</p><p><blockquote>这三个国家都是从残酷的疫情封锁中走出来的。游戏驿站（股票代码：GME）和 AMC (AMC) 也度过了空头挤压和零售交易狂潮。现在，每个人都在应对许多人认为消费者购物和寻求娱乐方式的永久性转变。</blockquote></p><p> The companies each have mapped out paths forward, but at least two of the stocks—Gamestop and AMC—are apt to face more struggles.</p><p><blockquote>两家公司都规划了前进的道路，但至少其中两只股票——游戏驿站和 AMC——很可能面临更多困境。</blockquote></p><p> GameStop, which sells new and used videogames and consoles, is trying to transform itself from a collection of 5,000-plus traditional stores to a nimble digital force under the eye of Chewy (CHWY) founder Ryan Cohen, who bought a 9% stake last year and assumed a board seat. Shares jumped 97.1% last week, to a recent $264, on the formation of a committee on the company’s reinvention.</p><p><blockquote>销售新旧视频游戏和游戏机的游戏驿站正试图在 Chewy (CHWY) 创始人 Ryan Cohen 的眼皮底下，将自己从 5,000 多家传统商店的集合转变为一支灵活的数字力量，Ryan Cohen 去年购买了 9% 的股份并担任了董事会席位。由于成立了一个关于公司重塑的委员会，股价上周大涨 97.1%，至最近的 264 美元。</blockquote></p><p> Still, revenue was already trending down, from $9.2 billion in 2018 to $6.5 billion for 2020 and an estimated $5.2 billion for 2021. Analysts tracked by FactSet expect per-share losses for 2021 and 2022.</p><p><blockquote>尽管如此，收入已经呈下降趋势，从2018年的92亿美元降至2020年的65亿美元，预计2021年为52亿美元。FactSet 追踪的分析师预计 2021 年和 2022 年每股亏损。</blockquote></p><p> Barron’s thought the shares looked pricey at $18 in January, and we haven’t changed our minds, given the monumental challenges ahead. GameStop said its committee will look for “identifying actions” to transform the company into a technology business.</p><p><blockquote>《巴伦周刊》认为，1 月份的股价看起来很昂贵，考虑到未来的巨大挑战，我们并没有改变主意。游戏驿站表示，其委员会将寻求 “确定行动 ”，将公司转型为一家技术企业。</blockquote></p><p> AMC and Cinemark (CNK) both are getting new life, particularly with the opening of theaters in major markets like Los Angeles and New York City. AMC beat earnings expectations for the fourth quarter, and shares popped 40.4% this past week, to a recent $11.16. But Lightshed Partners’ Richard Greenfield says AMC’s debt load—equal to 8.3 times 2022 estimated earnings before interest, taxes, and amortization—makes the stock a Sell. His price target: one penny.</p><p><blockquote>AMC 和 Cinemark (CNK) 都获得了新的生命，特别是随着洛杉矶和纽约市等主要市场影院的开业。AMC 第四季度盈利超出预期，股价上周上涨 40.4%，至最近的 11.16 美元。但 Lightshed Partners 的理查德-格林菲尔德（Richard Greenfield）表示，AMC 的债务负担--相当于 2022 年息税摊销前预计收益的 8.3 倍--使该股值得卖出。他的目标价格：一便士。</blockquote></p><p> AMC couldn’t be reached for comment.</p><p><blockquote>记者未能联系到 AMC 置评。</blockquote></p><p> Not all analysts are negative, but many point to AMC’s steeply rising costs, such as $450 million in deferred rent. AMC has been raising cash by selling shares and issuing convertible debt, and said in an earnings release Thursday that “we will continue to actively explore alternatives to raise additional capital and reduce our leverage.”</p><p><blockquote>并非所有分析师都持否定态度，但许多分析师指出 AMC 的成本急剧上升，如 4.5 亿美元的递延租金。AMC 一直在通过出售股票和发行可转换债券来筹集现金，并在周四的财报发布会上表示，“我们将继续积极探索筹集额外资本和降低杠杆率的替代方案”。</blockquote></p><p> Cinemark has less debt; leverage is under five times 2022 Ebita, and it is selling a $405 million bond to retire some of it. Cinemark recently flexed its muscles with Hollywood, opting not to show Disney’s (DIS) Raya and the Last Dragon, denting premier weekend box-office sales for the studio.</p><p><blockquote>Cinemark 的债务较少；杠杆率不到 2022 年 Ebita 的五倍，该公司正在出售 4.05 亿美元的债券以赎回部分债券。Cinemark 最近向好莱坞展示了自己的实力，选择不放映迪士尼的《Raya》和《the Last Dragon》，这削弱了该制片厂的周末首映票房。</blockquote></p><p> Taking such a stand shows that theater chains still have some power, says Eric Wold of B. Riley Securities, who rates Cinemark a Buy. “This could force studios to take a closer look at distribution strategies,” he says.</p><p><blockquote>B. Riley Securities 的埃里克·沃尔德 (Eric Wold) 表示，采取这样的立场表明连锁影院仍然拥有一定的影响力，他将 Cinemark 评级为买入。“他说：”这可能会迫使电影公司仔细审视发行策略。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/gamestop-amc-and-cinemark-could-see-more-turmoil-51615598763?mod=hp_DAY_13\">barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CNK":"喜满客影城","GME":"游戏驿站","AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/gamestop-amc-and-cinemark-could-see-more-turmoil-51615598763?mod=hp_DAY_13","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158233246","content_text":"For GameStop, AMC Entertainment Holdings, and Cinemark Holdings, the past 12 months have been a series of sickening lows and dizzying highs. Now that the worst appears to be over, they are moving to the next difficult phase: delivering a rebound.\nAll three are emerging from brutal pandemic lockdowns. GameStop (ticker: GME) and AMC (AMC) also made it through short squeezes and retail trading frenzies. Each is now maneuvering through what many consider permanent shifts in the way consumers shop and seek entertainment.\nThe companies each have mapped out paths forward, but at least two of the stocks—Gamestop and AMC—are apt to face more struggles.\nGameStop, which sells new and used videogames and consoles, is trying to transform itself from a collection of 5,000-plus traditional stores to a nimble digital force under the eye of Chewy (CHWY) founder Ryan Cohen, who bought a 9% stake last year and assumed a board seat. Shares jumped 97.1% last week, to a recent $264, on the formation of a committee on the company’s reinvention.\nStill, revenue was already trending down, from $9.2 billion in 2018 to $6.5 billion for 2020 and an estimated $5.2 billion for 2021. Analysts tracked by FactSet expect per-share losses for 2021 and 2022.\nBarron’s thought the shares looked pricey at $18 in January, and we haven’t changed our minds, given the monumental challenges ahead. GameStop said its committee will look for “identifying actions” to transform the company into a technology business.\nAMC and Cinemark (CNK) both are getting new life, particularly with the opening of theaters in major markets like Los Angeles and New York City. AMC beat earnings expectations for the fourth quarter, and shares popped 40.4% this past week, to a recent $11.16. But Lightshed Partners’ Richard Greenfield says AMC’s debt load—equal to 8.3 times 2022 estimated earnings before interest, taxes, and amortization—makes the stock a Sell. His price target: one penny.\nAMC couldn’t be reached for comment.\nNot all analysts are negative, but many point to AMC’s steeply rising costs, such as $450 million in deferred rent. AMC has been raising cash by selling shares and issuing convertible debt, and said in an earnings release Thursday that “we will continue to actively explore alternatives to raise additional capital and reduce our leverage.”\nCinemark has less debt; leverage is under five times 2022 Ebita, and it is selling a $405 million bond to retire some of it. Cinemark recently flexed its muscles with Hollywood, opting not to show Disney’s (DIS) Raya and the Last Dragon, denting premier weekend box-office sales for the studio.\nTaking such a stand shows that theater chains still have some power, says Eric Wold of B. Riley Securities, who rates Cinemark a Buy. “This could force studios to take a closer look at distribution strategies,” he says.","news_type":1,"symbols_score_info":{"CNK":0.9,"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":688,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":21,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/322678647"}
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