Sounds like a solid plan.
The other meme stock I haven’t mentioned and have been dumping into is AMC. On a strictly conventional investment it’s solid. There’s no reason it should be trading at where it’s at if you compare its holdings and financials to its contemporary (Cinemark).
It’s been said for awhile that AMC’s debt is what’s holding it back but when compared to its biggest competitor (Cinemark Holdings “CNK”) stock price, debt, theater count things don’t add up. Cinemark is trading around $22 while AMC is around $5.
On top of that on Monday AMC announced it had renegotiated its debt and is good till 2029, but it’s still sitting around $5.
This tells me the price is more than likely being kept low artificially and is more than likely a white hat op. Even if that isn’t the case and AMC isn’t a white hat op it is still way undervalued. This is all happening while we are in the 2nd busiest season for theater chains and there are a string of blockbusters getting ready to hit theaters that will make this quarters report look great.
It’s definitely a smart buy in my book!
Sounds like a solid plan.
The other meme stock I haven’t mention and have been dumping into is AMC. On a strictly conventional investment it’s solid. There’s no reason it should be trading at where it’s at if you compare its holdings and financials to its contemporary (Cinemark).
It’s been said for awhile that AMC’s debt is what’s holding it back but when compared to its biggest competitor (Cinemark Holdings “CNK”) stock price, debt, theater count things don’t add up. Cinemark is trading around $22 while AMC is around $5.
On top of that on Monday AMC announced it had renegotiated its debt and is good till 2029, but it’s still sitting around $5.
This tells me the price is more than likely being kept low artificially and is more than likely a white hat op. Even if that isn’t the case and AMC isn’t a white hat op it is still way undervalued. This is all happening while we are in the 2nd busiest season for theater chains and there are a string of blockbusters getting ready to hit theaters that will make this quarters report look really great.
It’s definitely a smart buy in my book!