If it is so lousy as it is.. P_老虎社区_美港股上老虎

yapyap168
2021-09-02

If it is so lousy as it is.. Pls push it to 0.10 lol i also will..Not sell...

Why AMC Is The 'Riskier' Investment In Movie Theaters: 'Fundamentals Are Nowhere Near Where Shares Are Trading'<blockquote>为什么AMC是电影院“风险更高”的投资：“基本面与股票交易相差甚远”</blockquote>

Macquarie Capital Managing Director and Senior Analyst Chad Beynon on Wednesday downgraded AMC Enter

Why AMC Is The 'Riskier' Investment In Movie Theaters: 'Fundamentals Are Nowhere Near Where Shares Are Trading'<blockquote>为什么AMC是电影院“风险更高”的投资：“基本面与股票交易相差甚远”</blockquote>

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Pls push it to 0.10 lol i also will..Not sell...","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/812545881","repostId":1158045928,"repostType":2,"repost":{"id":"1158045928","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1630563226,"share":"https://www.laohu8.com/m/news/1158045928?lang=zh_CN&edition=full","pubTime":"2021-09-02 14:13","market":"us","language":"en","title":"Why AMC Is The 'Riskier' Investment In Movie Theaters: 'Fundamentals Are Nowhere Near Where Shares Are Trading'<blockquote>为什么AMC是电影院“风险更高”的投资：“基本面与股票交易相差甚远”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158045928","media":"Benzinga","summary":"Macquarie Capital Managing Director and Senior Analyst Chad Beynon on Wednesday downgraded AMC Enter","content":"<a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Capital Managing Director and Senior Analyst Chad Beynon&nbsp;on Wednesday downgraded&nbsp;<a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc.<blockquote><a href=\"https://laohu8.com/S/MQG.AU\">麦夸里</a>资本董事总经理兼高级分析师Chad Beynon周三下调评级<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>控股公司。</blockquote> AMC-7.28%&nbsp;from Neutral to Underperform and maintained a $6 price target.<blockquote>AMC-7.28%从中性调整为跑输大盘，维持6美元的目标价。</blockquote> The Logic Behind The Downgrade:&nbsp;In a new&nbsp;note, Beynon observed that U.S. theatrical box office performance has yet to recover its pre-pandemic levels. While expressing confidence in the theater chains&nbsp;IMAX Corp.<blockquote>降级背后的逻辑：贝农在一份新报告中指出，美国影院票房表现尚未恢复到大流行前的水平。在表达对院线信心的同时IMAX公司。</blockquote> IMAX-1.21%and<a href=\"https://laohu8.com/S/CNK\">Cinemark</a> Holdings Inc., Beynon had less enthusiasm for AMC’s prospects in the current market.<blockquote>IMAX-1.21%和<a href=\"https://laohu8.com/S/CNK\">喜满客</a>控股公司。，贝农对AMC在当前市场的前景不那么热情。</blockquote> “AMC remains a riskier investment, given rent obligations, higher leverage and a difficult margin trajectory following a more normalized recovery,” he said.<blockquote>他表示：“考虑到租金义务、较高的杠杆率以及复苏更加正常化后利润率轨迹困难，AMC仍然是一项风险较高的投资。”</blockquote> Beynon observed&nbsp;AMC’s stock performance is still being “heavily influenced” by retail investors, particularly the members of the WallStreetBets forum on Reddit. He noted this created a conspicuous imbalance “with shares still up ~526% L12M (vs. theatre space +11 % and S&amp;P500 +29%). However, shares are trading at ~58x ’22E cons estimates, whereas we generally see this business trading in the 6-9x EBITDA range.”<blockquote>贝农观察到AMC的股票表现仍受到散户投资者的“严重影响”，尤其是Reddit上WallStreetBets论坛的成员。他指出，这造成了明显的不平衡，“股价仍上涨约526%L12M（相对于theatre space+11%和S&amp;P 500+29%）。然而，股价的交易价格约为22E cons预期的58倍，而我们通常看到这项业务的交易价格在6-9倍的EBITDA范围内。”</blockquote> He added that while AMC avoided a bankruptcy filing during the COVID-19 pandemic thanks to its ability to raise additional capital and refinance some of its debt, he questioned whether its&nbsp;near-term future was copacetic.<blockquote>他补充说，虽然AMC在COVID-19大流行期间避免了破产申请，这要归功于其筹集额外资本和为部分债务再融资的能力，但他质疑其近期前景是否乐观。</blockquote> “Looking forward, fundamentals are nowhere near where shares are trading given the company carries deferred rent of $420m (2Q21) in addition to its annual rent expense of $1bn,” he wrote, adding that he could foresee how AMC would generate positive free cash flow until 2023.<blockquote>他写道：“展望未来，鉴于该公司除了10亿美元的年租金支出外，还承担4.2亿美元（2021年第二季度）的递延租金。”他补充说，他可以预见AMC将如何产生正的自由现金流到2023年。</blockquote> The Competition’s Viability:&nbsp;While downgrading AMC, Beynon hailed IMAX as being “more insulated than peers given recovering trends in <a href=\"https://laohu8.com/S/CAAS\">China</a>, leading margins and a well-capitalized balance sheet” and maintained an Outperform rating while adding a dollar to raise its target price to $26.<blockquote>比赛的生存能力：在下调AMC评级的同时，贝农称赞IMAX“鉴于美国的复苏趋势，比同行更加绝缘”。<a href=\"https://laohu8.com/S/CAAS\">中国</a>、领先的利润率和资本充足的资产负债表”，维持跑赢大盘评级，同时将目标价上调1美元至26美元。</blockquote> With Cinemark, Beynon ranked it as&nbsp;“a close #2, given its superior balance sheet (we’re projecting 3.3x YE22 leverage), superior margins (860bps higher than AMC in 2019) and more suburban locations (lower rent),” adding its balance sheet could encourage “opportunistic M&amp;A.”<blockquote>Beynon将Cinemark评为“接近第二名，因为其卓越的资产负债表（我们预计2022年杠杆率为3.3倍）、卓越的利润率（2019年比AMC高860个基点）和更多的郊区地点（租金较低）”，并补充说其资产负债表可能会鼓励“机会主义并购”。</blockquote> He maintained its Outperform rating and added a dollar to raise its target price to $24.<blockquote>他维持其跑赢大盘评级，并加1美元将目标价上调至24美元。</blockquote> Also under analysis was&nbsp;<a href=\"https://laohu8.com/S/RDI\">Reading</a> International Inc.&nbsp;RDI, which operates art house venues primarily in <a href=\"https://laohu8.com/S/NWY\">New York</a> <a href=\"https://laohu8.com/S/CHCO\">City</a>, Australia and <a href=\"https://laohu8.com/S/NGD\">New</a> Zealand. Beynon noted that while these specialty theaters were strong performers before the pandemic, they now face higher rents, a content inventory challenge and greater competition from other entertainment channels. As a result, he downgraded the stock from Outperform to Neutral and lowered the price target from $8 to $6.<blockquote>还在分析中的是<a href=\"https://laohu8.com/S/RDI\">阅读</a>国际公司。RDI，主要在<a href=\"https://laohu8.com/S/NWY\">纽约</a><a href=\"https://laohu8.com/S/CHCO\">城市</a>、澳大利亚和<a href=\"https://laohu8.com/S/NGD\">新的</a>新西兰。贝农指出，虽然这些专业影院在疫情之前表现强劲，但现在它们面临着更高的租金、内容库存挑战以及来自其他娱乐频道的更大竞争。因此，他将该股评级从跑赢大盘下调至中性，并将目标价从8美元下调至6美元。</blockquote> AMC Price Action: AMC's stock is trading down 2.8% to $45.77&nbsp;at publication time.<blockquote>AMC价格走势：截至发稿时，AMC股价下跌2.8%，至45.77美元。</blockquote> Cinemark is down 3% to $17.30, while IMAX is down 1% to $15.55.<blockquote>Cinemark下跌3%至17.30美元，IMAX下跌1%至15.55美元。</blockquote>","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 Is The 'Riskier' Investment In Movie Theaters: 'Fundamentals Are Nowhere Near Where Shares Are Trading'<blockquote>为什么AMC是电影院“风险更高”的投资：“基本面与股票交易相差甚远”</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\">\nWhy AMC Is The 'Riskier' Investment In Movie Theaters: 'Fundamentals Are Nowhere Near Where Shares Are Trading'<blockquote>为什么AMC是电影院“风险更高”的投资：“基本面与股票交易相差甚远”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nBenzinga \n2021-09-02 14:13\n</div>\n</div>\n</h4>\n</header>\n<article>\n<a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Capital Managing Director and Senior Analyst Chad Beynon&nbsp;on Wednesday downgraded&nbsp;<a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc.<blockquote><a href=\"https://laohu8.com/S/MQG.AU\">麦夸里</a>资本董事总经理兼高级分析师Chad Beynon周三下调评级<a href=\"https://laohu8.com/S/AMC\">AMC院线</a>控股公司。</blockquote> AMC-7.28%&nbsp;from Neutral to Underperform and maintained a $6 price target.<blockquote>AMC-7.28%从中性调整为跑输大盘，维持6美元的目标价。</blockquote> The Logic Behind The Downgrade:&nbsp;In a new&nbsp;note, Beynon observed that U.S. theatrical box office performance has yet to recover its pre-pandemic levels. While expressing confidence in the theater chains&nbsp;IMAX Corp.<blockquote>降级背后的逻辑：贝农在一份新报告中指出，美国影院票房表现尚未恢复到大流行前的水平。在表达对院线信心的同时IMAX公司。</blockquote> IMAX-1.21%and<a href=\"https://laohu8.com/S/CNK\">Cinemark</a> Holdings Inc., Beynon had less enthusiasm for AMC’s prospects in the current market.<blockquote>IMAX-1.21%和<a href=\"https://laohu8.com/S/CNK\">喜满客</a>控股公司。，贝农对AMC在当前市场的前景不那么热情。</blockquote> “AMC remains a riskier investment, given rent obligations, higher leverage and a difficult margin trajectory following a more normalized recovery,” he said.<blockquote>他表示：“考虑到租金义务、较高的杠杆率以及复苏更加正常化后利润率轨迹困难，AMC仍然是一项风险较高的投资。”</blockquote> Beynon observed&nbsp;AMC’s stock performance is still being “heavily influenced” by retail investors, particularly the members of the WallStreetBets forum on Reddit. He noted this created a conspicuous imbalance “with shares still up ~526% L12M (vs. theatre space +11 % and S&amp;P500 +29%). However, shares are trading at ~58x ’22E cons estimates, whereas we generally see this business trading in the 6-9x EBITDA range.”<blockquote>贝农观察到AMC的股票表现仍受到散户投资者的“严重影响”，尤其是Reddit上WallStreetBets论坛的成员。他指出，这造成了明显的不平衡，“股价仍上涨约526%L12M（相对于theatre space+11%和S&amp;P 500+29%）。然而，股价的交易价格约为22E cons预期的58倍，而我们通常看到这项业务的交易价格在6-9倍的EBITDA范围内。”</blockquote> He added that while AMC avoided a bankruptcy filing during the COVID-19 pandemic thanks to its ability to raise additional capital and refinance some of its debt, he questioned whether its&nbsp;near-term future was copacetic.<blockquote>他补充说，虽然AMC在COVID-19大流行期间避免了破产申请，这要归功于其筹集额外资本和为部分债务再融资的能力，但他质疑其近期前景是否乐观。</blockquote> “Looking forward, fundamentals are nowhere near where shares are trading given the company carries deferred rent of $420m (2Q21) in addition to its annual rent expense of $1bn,” he wrote, adding that he could foresee how AMC would generate positive free cash flow until 2023.<blockquote>他写道：“展望未来，鉴于该公司除了10亿美元的年租金支出外，还承担4.2亿美元（2021年第二季度）的递延租金。”他补充说，他可以预见AMC将如何产生正的自由现金流到2023年。</blockquote> The Competition’s Viability:&nbsp;While downgrading AMC, Beynon hailed IMAX as being “more insulated than peers given recovering trends in <a href=\"https://laohu8.com/S/CAAS\">China</a>, leading margins and a well-capitalized balance sheet” and maintained an Outperform rating while adding a dollar to raise its target price to $26.<blockquote>比赛的生存能力：在下调AMC评级的同时，贝农称赞IMAX“鉴于美国的复苏趋势，比同行更加绝缘”。<a href=\"https://laohu8.com/S/CAAS\">中国</a>、领先的利润率和资本充足的资产负债表”，维持跑赢大盘评级，同时将目标价上调1美元至26美元。</blockquote> With Cinemark, Beynon ranked it as&nbsp;“a close #2, given its superior balance sheet (we’re projecting 3.3x YE22 leverage), superior margins (860bps higher than AMC in 2019) and more suburban locations (lower rent),” adding its balance sheet could encourage “opportunistic M&amp;A.”<blockquote>Beynon将Cinemark评为“接近第二名，因为其卓越的资产负债表（我们预计2022年杠杆率为3.3倍）、卓越的利润率（2019年比AMC高860个基点）和更多的郊区地点（租金较低）”，并补充说其资产负债表可能会鼓励“机会主义并购”。</blockquote> He maintained its Outperform rating and added a dollar to raise its target price to $24.<blockquote>他维持其跑赢大盘评级，并加1美元将目标价上调至24美元。</blockquote> Also under analysis was&nbsp;<a href=\"https://laohu8.com/S/RDI\">Reading</a> International Inc.&nbsp;RDI, which operates art house venues primarily in <a href=\"https://laohu8.com/S/NWY\">New York</a> <a href=\"https://laohu8.com/S/CHCO\">City</a>, Australia and <a href=\"https://laohu8.com/S/NGD\">New</a> Zealand. Beynon noted that while these specialty theaters were strong performers before the pandemic, they now face higher rents, a content inventory challenge and greater competition from other entertainment channels. As a result, he downgraded the stock from Outperform to Neutral and lowered the price target from $8 to $6.<blockquote>还在分析中的是<a href=\"https://laohu8.com/S/RDI\">阅读</a>国际公司。RDI，主要在<a href=\"https://laohu8.com/S/NWY\">纽约</a><a href=\"https://laohu8.com/S/CHCO\">城市</a>、澳大利亚和<a href=\"https://laohu8.com/S/NGD\">新的</a>新西兰。贝农指出，虽然这些专业影院在疫情之前表现强劲，但现在它们面临着更高的租金、内容库存挑战以及来自其他娱乐频道的更大竞争。因此，他将该股评级从跑赢大盘下调至中性，并将目标价从8美元下调至6美元。</blockquote> AMC Price Action: AMC's stock is trading down 2.8% to $45.77&nbsp;at publication time.<blockquote>AMC价格走势：截至发稿时，AMC股价下跌2.8%，至45.77美元。</blockquote> Cinemark is down 3% to $17.30, while IMAX is down 1% to $15.55.<blockquote>Cinemark下跌3%至17.30美元，IMAX下跌1%至15.55美元。</blockquote>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158045928","content_text":"Macquarie Capital Managing Director and Senior Analyst Chad Beynon on Wednesday downgraded AMC Entertainment Holdings Inc.\nAMC-7.28% from Neutral to Underperform and maintained a $6 price target.\nThe Logic Behind The Downgrade: In a new note, Beynon observed that U.S. theatrical box office performance has yet to recover its pre-pandemic levels. While expressing confidence in the theater chains IMAX Corp.\nIMAX-1.21%andCinemark Holdings Inc., Beynon had less enthusiasm for AMC’s prospects in the current market.\n“AMC remains a riskier investment, given rent obligations, higher leverage and a difficult margin trajectory following a more normalized recovery,” he said.\nBeynon observed AMC’s stock performance is still being “heavily influenced” by retail investors, particularly the members of the WallStreetBets forum on Reddit. He noted this created a conspicuous imbalance “with shares still up ~526% L12M (vs. theatre space +11 % and S&P500 +29%). However, shares are trading at ~58x ’22E cons estimates, whereas we generally see this business trading in the 6-9x EBITDA range.”\nHe added that while AMC avoided a bankruptcy filing during the COVID-19 pandemic thanks to its ability to raise additional capital and refinance some of its debt, he questioned whether its near-term future was copacetic.\n“Looking forward, fundamentals are nowhere near where shares are trading given the company carries deferred rent of $420m (2Q21) in addition to its annual rent expense of $1bn,” he wrote, adding that he could foresee how AMC would generate positive free cash flow until 2023.\nThe Competition’s Viability: While downgrading AMC, Beynon hailed IMAX as being “more insulated than peers given recovering trends in China, leading margins and a well-capitalized balance sheet” and maintained an Outperform rating while adding a dollar to raise its target price to $26.\nWith Cinemark, Beynon ranked it as “a close #2, given its superior balance sheet (we’re projecting 3.3x YE22 leverage), superior margins (860bps higher than AMC in 2019) and more suburban locations (lower rent),” adding its balance sheet could encourage “opportunistic M&A.”\nHe maintained its Outperform rating and added a dollar to raise its target price to $24.\nAlso under analysis was Reading International Inc. RDI, which operates art house venues primarily in New York City, Australia and New Zealand. Beynon noted that while these specialty theaters were strong performers before the pandemic, they now face higher rents, a content inventory challenge and greater competition from other entertainment channels. As a result, he downgraded the stock from Outperform to Neutral and lowered the price target from $8 to $6.\nAMC Price Action: AMC's stock is trading down 2.8% to $45.77 at publication time.\nCinemark is down 3% to $17.30, while IMAX is down 1% to $15.55.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2005,"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":60,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}