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Someone talk some sense into me. I not a heavy trader, I just put a couple hundred every paycheck in my Roth IRA, and into SWPXX or DIA. Are movie theaters dead forever? Will they not be around in 10 years. When I saw the price for AMC this week I felt compelled to buy. Not sure if it was nostalgia from growing up in the 90s or stupidity. I feel movie theater stock has to start to trend back up and theaters in general become an American staple again. What are y’all’s thoughts, obviously it’s come down from $400 for reasons I don’t know, but I can’t help but think it’s a good long term buy. 🤷♂️
Serious questions for all the people buying/holding AMC stock… Why?
Don’t they have a 5 Billion dollar debt? I also read that the interest on some of those loans are averaging 9-12% annual interest.
I don’t even want to talk about their CEO. So I see so much copium in the AMC sub it’s wild, I don’t understand what they are thinking.
They way I see it, is it's only a matter of time before movie theaters open back up again fully, and we're pumping out massive blockbusters every year again.
In 2016, AMC stock price was hovering around $30.00, now it's around 4.00 last I checked. Seems like a great time to buy, especially as their main competitor, Cineworld, shuddered their US locations.
Of course this could also be the tipping point where we stop going to movie theaters entirely and begin to shift new releases to at home streaming, which wouldn't bode too well for AMC I imagine.
Do you guys think it's a safe buy and hold?
EDIT: Well this post aged well haha. And to answer yall, NO, I didn’t buy AMC stock because I listened to everyone who told me not to like a fucking idiot. I should’ve, but I didn’t. Oh well. I can rest easy knowing that someone probably did after reading this post and has made a bit of money.
Never look back and say “this stock was $X so it must reach that price again”
I think theaters will stick around but they are going to be switching over to high end experience with big recliner chairs and food service like Alamo Drafthouse. That doesn't mean AMC won't go belly up and sell off, taking the loss and regrouping leaving investors pocketing the loss. It's not a safe buy. It's a high risk high reward play.
What was the highest AMC stock price ever? Historical daily share price chart and data for AMC Entertainment Holdings since 2013 adjusted for splits and dividends. The latest closing stock price for AMC Entertainment Holdings as of May 13, 2024 is 5.19. The all-time high AMC Entertainment Holdings stock closing price was 551.38 on June 02, 2021.
Obviously I have a slim idea of why But me personally there is no way Theaters are going anywhere, people have always gone and always will go to the theatres, so why is amc stock so low?
AMC has a terrible buisness model.
In my honest opinion I see AMC as a parasite with a horrible business model. Every AMC I’ve been to across the states is nothing more than a parasite.
Not only are actual AMC theaters deteriorating in quality due to shitty management, but they are in horrible areas 9/10 times.
How has this happened?
The death of brick and mortar stores and SPECIFICALLY American malls has left AMC theaters the only building left standing in some of the most horribly maintained abandoned mall lots possible.
Not to mention the shitty environment only breed shittier management. They’re constantly tucked away, like I said, in abandoned lots, behind a series of stroad mazes.
The only reason they are hanging by a thread is publicity from their promotional items, and their absorption of small theaters.
However they are spreading themselves EXTREMELY thin, nearly every well performing LOCAL theater in a 20-40 mile radius of me has been absorbed by AMC. They’ve completely ruined cinemas, rather than just deciding to purchase the cinemas under the AMC brand or as a subsidiary, allowing these locations to function under their wings. They’ve completely rebranded every theater as a fully AMC theater, changing staff, entire menus, signs, etc. I mean spending easily hundreds of thousands just to renovate. Not to mention renovating modern theaters which didn’t need renovation.
My most local theater was a hub for the community, when I was a teen I chose to work there because of how genius some of their business model was, I felt like the environment and progressive adoption and implementation of technology was ingenious.
A few months ago AMC bought the building they literally put the menu monitors roughly 10+ ft up on a wall, much higher than they were before, despite the theater having already had LCD monitors. Brand new digital signage for theater rooms were removed for no reason. Etc etc. and this goes for nearly every location they have purchased.
I’ve seen 5 or so of my favorite local theaters become completely ruined due to AMC’s purchases.
They’re literally burning money as they destroy local cinemas, disrupting each individual location’s business model and aesthetic design and even their own ticket sales by making the theaters they purchase and own even more miserable to be in.
Now it might seem like I’m just a disgruntled theater worker, but this couldn’t affect me less. I see so much hype of AMC conflated other value investments like $GME. But I genuinely believe that AMC is on a death spiral and is being utterly mismanaged to hell. If you value your local theaters, it’s time to start hating AMC.
I know it was a meme stock a few years ago, but it’s down a ridiculous amount. I’m very new to value investing and looking at financials so I was hoping someone could share their thoughts with me. I used a valuation calculator and it thought it was ~85% undervalued ($3.28 rn, intrinsic value around $18). Im guessing for a long term investment this is not be the best choice, but do you think it might reach its value in the next 3-5 years? Thank you!