Any thoughts y'all would like to share?
Amc up 120% today
BB up 20% today
GME up 10% today
Over the last week it's even more.
Any thoughts y'all would like to share?
Amc up 120% today
BB up 20% today
GME up 10% today
Over the last week it's even more.
AMC is $11 billion in debt, made about $5-5.5 billion in revenue in a good year with about $5 billion in expenses, little asset growth, little revenue growth. If things go back to normal and they are able to make a profit again, they're probably at about 55 PE ratio, but they also have twice as much debt now so maybe worse. This is probably a zombie at best. They're doomed if interest rates go up. So since stocks always do the opposite of what I predict, it's definitely a "Buy". Note that they have $11 billion in debt and they recently made news by raising $230 million by issuing shares. Their interest expense for 2020 was $356 million. This company is absolutely fucked therefore I think their stock could definitely double several times over in the next few months.
:stonks-up: