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Started By
Message
re: Holding AMC Thread- Diamond hands unite
Posted on 2/2/21 at 8:45 am to elprez00
Posted on 2/2/21 at 8:45 am to elprez00
quote:That's another upside. Unlike GME, with a failing model. Hollywood isn't going to stop making movies forever. Theaters will be back. AMC is now positioned, financially, to weather the COVID storm.
So if I buy in at $9, even if this doesn’t “go to the moon”, isn’t there a good chance this company can get back to the $40/share range it was in pre-covid?
2
Posted on 2/2/21 at 8:47 am to elprez00
quote:
essentially wipe out their debt
Uh didnt they take on massive debt last year to keep the lights on? Something like 6B dollars
Pretty sure between new shares and Silver Lake they maybe netted 900m bucks.
quote:
AMC has raised $1.2 billion in capital since mid-December, filling its coffers with cash to stave off a bankruptcy. But stockholders have seen nearly 75% dilution, and AMC still has $5.7 billion in debt to pay.
Barrons on AMC Debt
Sorry to keep editing, but I am not being negative on the stock. I have zero holdings in AMC. I just hate it when false facts are posted.
This post was edited on 2/2/21 at 8:51 am
Posted on 2/2/21 at 8:48 am to greygoose
quote:
Theaters will be back.
Ok, maybe, but you’d have to think a lot of people aren’t going to go to them like they were and not to mention, a lot of the in home streaming services are offering movies essentially during the same time it’s at the theater.
Posted on 2/2/21 at 8:48 am to elprez00
it was never $40 a share pre covid. wtf is wrong with you people 
Posted on 2/2/21 at 8:50 am to WhiteGramblingGrad72
Checking in. Still holding my shares.
at people thinking it was going to moon in one day, then seeing a little red and selling. I was optimistic people would come together and hold strong but in reality, people these days are weak as frick.
at people thinking it was going to moon in one day, then seeing a little red and selling. I was optimistic people would come together and hold strong but in reality, people these days are weak as frick.
Posted on 2/2/21 at 8:50 am to greygoose
quote:
quote:
So if I buy in at $9, even if this doesn’t “go to the moon”, isn’t there a good chance this company can get back to the $40/share range it was in pre-covid?
When was it ever at 40/share? It's only been to 34/share twice - once in early 2015 and again January 2017. It's been on a decline since then.
Posted on 2/2/21 at 8:50 am to Paul Allen
quote:
Ok, maybe, but you’d have to think a lot of people aren’t going to go to them like they were and not to mention, a lot of the in home streaming services are offering movies essentially during the same time it’s at the theater.
Agree. Covid has been cheered by the major studios who either had streaming services or are developing them and/or partnerships with streamers - HBO Max.
The theater experience will never be the same not at the same level as pre-covid.
Posted on 2/2/21 at 8:52 am to DabosDynasty
If my measly 10 shares help keep my local theaters open, so be it. That makes it a good investment for me. I love going to the theater.
Posted on 2/2/21 at 8:53 am to wheelr
quote:
60% down in 5 days is not "a little red".
Posted on 2/2/21 at 8:53 am to WhiteGramblingGrad72
quote:
It was in jest. And unfortunately you may get your wish
My comment was also. I still hope you all make bundles of cash. It's not coming out of my pocket so I'm pulling for you.
Posted on 2/2/21 at 8:53 am to DabosDynasty
quote:
The theater experience will never be the same not at the same level as pre-covid.
Exactly.
Same thing with business travel and face to face meetings being done on Teams or Zoom going forward.
Posted on 2/2/21 at 8:54 am to Oates Mustache
quote:
If my measly 10 shares help keep my local theaters open, so be it. That makes it a good investment for me. I love going to the theater.
Same except I bought 5. Lol. I just think my comment above is the reality of the situation. A sad reality.
Posted on 2/2/21 at 8:54 am to supadave3
quote:
I still hope you all make bundles of cash. It's not coming out of my pocket so I'm pulling for you.
Same here. I sincerely hope everyone here makes so much money they can buy a new boat with boat nuts floating behind it. I just don't have the balls to say in anymore.
Posted on 2/2/21 at 8:55 am to wheelr
This post was edited on 2/2/21 at 8:56 am
Posted on 2/2/21 at 8:56 am to Paul Allen
quote:Releasing to theater and streaming at the same time is a stop gap due to COVID. This won't be the norm once COVID-time has passed. We watched the new Tom Hanks movie the other night (not very good), $20 to stream for 4 people. Didn't buy any concessions either. There's a reason why the new Top Gun movie has put off being released.
Ok, maybe, but you’d have to think a lot of people aren’t going to go to them like they were and not to mention, a lot of the in home streaming services are offering movies essentially during the same time it’s at the theater.
Posted on 2/2/21 at 8:56 am to Jjdoc
holy smokes. sucks to be that dude.
but at least he has diamond hands
Posted on 2/2/21 at 8:57 am to Jjdoc
Now if that was me, I'd be throwing up in my nearest trash bin.
Posted on 2/2/21 at 9:01 am to greygoose
I hope I’m wrong because I actually enjoy going to the theater. I’m just a little skeptical about the future of brick and mortar theaters.
Posted on 2/2/21 at 9:02 am to Jjdoc
Anyone who throws that kind of money at a stock this risky either has so much money they don't give a shite about losing $200,000 or they're an idiot.
Posted on 2/2/21 at 9:02 am to greygoose
quote:
This won't be the norm once COVID-time has passed. We watched the new Tom Hanks movie the other night (not very good), $20 to stream for 4 people. Didn't buy any concessions either. There's a reason why the new Top Gun movie has put off being released.
It will become the norm as a transition to majority direct to stream only movies. It began long before covid with Netflix producing original content. Amazon produces original content. Hulu produces original content. Disney is set up for this as we speak with Disney+ and the purchase of Marvel and Star Wars on top of their Disney and Pixar productions.
Studios don’t make money on concessions, theaters do. When studios go direct to streaming they’ll cut out the middle man that is theaters for a more direct sink or swim model with their products.
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