我不轻易出手
2021-09-06
Fool?
Should You Invest in AMC Stock Right Now?<blockquote>您现在应该投资 AMC 股票吗?</blockquote>
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The stock inspires many headlines, and AMC is a source of frequent discussion on social media sites and discussion forums.</p><p><blockquote><ul><li>AMC的股价与经营业绩脱节。</li><li>电影院的上座率正在下降。</li><li>冠状病毒疫情正在限制运营。</li></ul><b>AMC院线集团</b>(纽约证券交易所股票代码:AMC)让许多投资者感到好奇。该股引发了许多头条新闻,AMC 也是社交媒体网站和论坛上频繁讨论的来源。</blockquote></p><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><p><blockquote>AMC 股价在 2021 年上涨了近 2,000%,这让一些人问自己是否错过了一生难得的机会。让我们仔细看看流行的模因股票,并确定您现在是否应该购买 AMC 股票。</blockquote></p><p> <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><p><blockquote><p class=\"t-img-caption\"><span>AMC 股价今年上涨近 2,000%。图片来源:盖蒂图片社。</span></p></blockquote></p><p> <b>Why AMC stock keeps climbing higher</b></p><p><blockquote><b>为什么 AMC 股票不断攀升</b></blockquote></p><p> First, 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.</p><p><blockquote>首先,值得注意的是,该公司股价上涨与其经营业绩关系不大。AMC 的业务在疫情期间遭受重创。虽然正在慢慢反弹,但该公司每个季度仍在亏损。目前尚不清楚该公司何时或是否会盈利。</blockquote></p><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><p><blockquote>相反,由于一大群个人集体决定购买并持有该股票,其股价正在上涨。像许多金融资产一样,当需求上升时,价格会朝同一方向变动。</blockquote></p><p> <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><p><blockquote><p class=\"t-img-caption\"><span>YCharts 提供的 AMC 利润率(季度)数据</span></p></blockquote></p><p> <b>Looking at AMC's operating performance</b></p><p><blockquote><b>看看AMC的经营业绩</b></blockquote></p><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><p><blockquote>由于 AMC 几乎所有的收入都来自亲自去影院的观众,因此冠状病毒疫情是一场灾难。更重要的是,AMC 仍需支付影院租金和向贷款人支付利息。此后,管理层协商推迟了这些付款,但这些付款仍在不断累积。</blockquote></p><p> Unlike a company with a high degree of variable expenses like <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 works well when revenue is expanding because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.</p><p><blockquote>不像一家可变费用程度较高的公司<b>优步</b>AMC 只有在与客户一起赚取收入时才向司机支付工资,AMC 的固定费用程度较高,不会随着收入的下降而减少。AMC 的商业模式在收入扩张时效果很好,因为成本保持相对持平,而收入增加,但在销售额下降时对公司不利。</blockquote></p><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><p><blockquote>事实上,AMC 报告 2020 年运营亏损为 15 亿美元,并且在过去四年中的三年中报告了利润亏损。</blockquote></p><p> <b>Customer value proposition</b></p><p><blockquote><b>客户价值主张</b></blockquote></p><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><p><blockquote>多种因素的综合作用使得去电影院看电影的人越来越少。从2002年到2019年,在美国和加拿大的票房观看电影的门票从15.8亿下降到12.4亿。这些因素可以组合起来,并表示为在家和在电影院看电影之间质量差异的减小程度。</blockquote></p><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><p><blockquote>更高质量的电视、更好的音响系统和流媒体服务的兴起都在改善家庭观看体验。与此同时,电影院唯一明显的升级是用皮革电动躺椅取代布椅——这是一个进步,这是肯定的。质量差异在缩小的同时,价格差异在扩大。</blockquote></p><p> Consumers can subscribe to the <b>Disney</b> streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a <b>Netflix</b> 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><p><blockquote>消费者可以订阅<b>迪士尼</b>流媒体套餐(Disney+、Hulu、ESPN+)每月不到 15 美元<b>网飞</b>每月不到10美元的订阅费,每天不到1美元就能招待全家人。这与在大屏幕上看电影的票价超过10美元形成鲜明对比,在一些城市甚至更高。电影公司越来越多地将大片直接放在他们的流媒体服务上,为观众提供了一个引人注目的内容选择。</blockquote></p><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><p><blockquote>这种趋势不太可能逆转,因为如果电影公司不必与 AMC 等电影院拆分,他们就能保留更高的电影收入份额。</blockquote></p><p> <b>The verdict</b></p><p><blockquote><b>判决</b></blockquote></p><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><p><blockquote>AMC目前的经营环境受到严重限制,致命病毒仍在传播。从长远来看,流媒体服务的长期流行和家庭观看体验质量的提高对 AMC 来说是个坏消息。仅从公司的业务前景来看,您现在不应该投资 AMC 股票。</blockquote></p><p></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?<blockquote>您现在应该投资 AMC 股票吗?</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\">\nShould You Invest in AMC Stock Right Now?<blockquote>您现在应该投资 AMC 股票吗?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-09-06 11:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul> <li>AMC's stock price is detached from operating performance.</li> <li>Movie theater attendance is declining.</li> <li>The coronavirus pandemic is constraining operations.</li> </ul> <b>AMC Entertainment Group</b>(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.</p><p><blockquote><ul><li>AMC的股价与经营业绩脱节。</li><li>电影院的上座率正在下降。</li><li>冠状病毒疫情正在限制运营。</li></ul><b>AMC院线集团</b>(纽约证券交易所股票代码:AMC)让许多投资者感到好奇。该股引发了许多头条新闻,AMC 也是社交媒体网站和论坛上频繁讨论的来源。</blockquote></p><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><p><blockquote>AMC 股价在 2021 年上涨了近 2,000%,这让一些人问自己是否错过了一生难得的机会。让我们仔细看看流行的模因股票,并确定您现在是否应该购买 AMC 股票。</blockquote></p><p> <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><p><blockquote><p class=\"t-img-caption\"><span>AMC 股价今年上涨近 2,000%。图片来源:盖蒂图片社。</span></p></blockquote></p><p> <b>Why AMC stock keeps climbing higher</b></p><p><blockquote><b>为什么 AMC 股票不断攀升</b></blockquote></p><p> First, 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.</p><p><blockquote>首先,值得注意的是,该公司股价上涨与其经营业绩关系不大。AMC 的业务在疫情期间遭受重创。虽然正在慢慢反弹,但该公司每个季度仍在亏损。目前尚不清楚该公司何时或是否会盈利。</blockquote></p><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><p><blockquote>相反,由于一大群个人集体决定购买并持有该股票,其股价正在上涨。像许多金融资产一样,当需求上升时,价格会朝同一方向变动。</blockquote></p><p> <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><p><blockquote><p class=\"t-img-caption\"><span>YCharts 提供的 AMC 利润率(季度)数据</span></p></blockquote></p><p> <b>Looking at AMC's operating performance</b></p><p><blockquote><b>看看AMC的经营业绩</b></blockquote></p><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><p><blockquote>由于 AMC 几乎所有的收入都来自亲自去影院的观众,因此冠状病毒疫情是一场灾难。更重要的是,AMC 仍需支付影院租金和向贷款人支付利息。此后,管理层协商推迟了这些付款,但这些付款仍在不断累积。</blockquote></p><p> Unlike a company with a high degree of variable expenses like <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 works well when revenue is expanding because costs remain relatively flat while revenue rises, but works against the company during times of falling sales.</p><p><blockquote>不像一家可变费用程度较高的公司<b>优步</b>AMC 只有在与客户一起赚取收入时才向司机支付工资,AMC 的固定费用程度较高,不会随着收入的下降而减少。AMC 的商业模式在收入扩张时效果很好,因为成本保持相对持平,而收入增加,但在销售额下降时对公司不利。</blockquote></p><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><p><blockquote>事实上,AMC 报告 2020 年运营亏损为 15 亿美元,并且在过去四年中的三年中报告了利润亏损。</blockquote></p><p> <b>Customer value proposition</b></p><p><blockquote><b>客户价值主张</b></blockquote></p><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><p><blockquote>多种因素的综合作用使得去电影院看电影的人越来越少。从2002年到2019年,在美国和加拿大的票房观看电影的门票从15.8亿下降到12.4亿。这些因素可以组合起来,并表示为在家和在电影院看电影之间质量差异的减小程度。</blockquote></p><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><p><blockquote>更高质量的电视、更好的音响系统和流媒体服务的兴起都在改善家庭观看体验。与此同时,电影院唯一明显的升级是用皮革电动躺椅取代布椅——这是一个进步,这是肯定的。质量差异在缩小的同时,价格差异在扩大。</blockquote></p><p> Consumers can subscribe to the <b>Disney</b> streaming bundle (Disney+, Hulu, ESPN+) for less than $15 per month and a <b>Netflix</b> 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><p><blockquote>消费者可以订阅<b>迪士尼</b>流媒体套餐(Disney+、Hulu、ESPN+)每月不到 15 美元<b>网飞</b>每月不到10美元的订阅费,每天不到1美元就能招待全家人。这与在大屏幕上看电影的票价超过10美元形成鲜明对比,在一些城市甚至更高。电影公司越来越多地将大片直接放在他们的流媒体服务上,为观众提供了一个引人注目的内容选择。</blockquote></p><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><p><blockquote>这种趋势不太可能逆转,因为如果电影公司不必与 AMC 等电影院拆分,他们就能保留更高的电影收入份额。</blockquote></p><p> <b>The verdict</b></p><p><blockquote><b>判决</b></blockquote></p><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><p><blockquote>AMC目前的经营环境受到严重限制,致命病毒仍在传播。从长远来看,流媒体服务的长期流行和家庭观看体验质量的提高对 AMC 来说是个坏消息。仅从公司的业务前景来看,您现在不应该投资 AMC 股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.fool.com/investing/2021/09/05/should-you-invest-in-amc-stock-right-now/\">Motley Fool</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":{"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":2797,"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":5,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/817378306"}
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