{"id":50624,"date":"2022-06-14T19:11:03","date_gmt":"2022-06-14T19:11:03","guid":{"rendered":"https:\/\/harchi90.com\/its-finally-time-for-serious-investors-to-consider-buying-amc-stock\/"},"modified":"2022-06-14T19:11:03","modified_gmt":"2022-06-14T19:11:03","slug":"its-finally-time-for-serious-investors-to-consider-buying-amc-stock","status":"publish","type":"post","link":"https:\/\/harchi90.com\/its-finally-time-for-serious-investors-to-consider-buying-amc-stock\/","title":{"rendered":"It’s Finally Time for Serious Investors to Consider Buying AMC Stock"},"content":{"rendered":"
It’s been a year since the meme-stock frenzy peaked with AMC Entertainment Holdings<\/strong> (AMC 3.27%<\/span>)<\/span> hitting all-time highs in early June of last year. The stock has shed 84% of its value, but it’s not as if AMC bears have exactly had the last laugh. A lot of their stocks have fallen sharply, too.<\/p>\n AMC earned some of its downticks. Its share count has exploded fivefold through the pandemic, as the country’s largest multiplex operator sold a ton of new stock at low prices to stay afloat. History also isn’t likely to look kindly on the head-scratching investment in gold mining, an unnecessary distraction for a company that already has a lot on its hands in turning an industry around. There was also a lot of unsubstantiated hype, as inexperienced online traders touted unrealistic price targets based more on hope and noise than actual fundamentals-driven financial analysis. <\/p>\n It’s easy to want to see AMC fail if you’re on the outside looking in, but it’s also time to put a cork in that schadenfreude. The multiplex industry is<\/em> starting to turn the corner. The box office trickle is finally starting to become a gusher, and it’s possible to finally make a legit bullish case for AMC Entertainment stock even with its more than 500 million shares outstanding.<\/p>\n The one thing that has kept AMC’s recovery to pre-pandemic levels from getting on track is the long gap between blockbusters. There was a three-month gap between Spider-Man: No Way Home<\/em> and The Batman<\/em>and then another two months before Doctor Strange in the Multiverse of Madness<\/em> brought back patrons in droves. <\/p>\n Folks aren’t turning out for indie films and a lot of genres that they can easily stream from home. Give AMC a steady diet of superhero and action flicks – the kind of movies that are undeniably better in a crowded theatrical setting – and its box office receipts will roar like the MGM lion. We’re finally there. Top Gu<\/em>n: Maverick<\/em> shattered Memorial Day holiday weekend records for the industry, and two weeks later Jurassic World: Dominion<\/em> gave AMC the one-two punch it has lacked in its recovery. <\/p>\n So encouraging to report that AMC had another fabulous weekend due to the huge opening of Jurassic World Dominion. AMC’s admissions ticket revenues in the US and abroad: 15% higher than the same weekend of 2019, pre-pandemic. Right after the record setting Top Gun: Maverick. pic.twitter.com\/sfM5tOnUe3<\/a><\/p>\nScreen test<\/h2>\n
\n