$AMC has experienced a rollercoaster couple of years that took the theater chain from beleaguered pandemic victim to meme-stock phenomenon. So what’s next?
AMC has experienced a rollercoaster couple of years that took the theater chain from beleaguered pandemic victim to meme stock phenomenon. So what’s next?
AMC’s meme stock status eventually enabled the company to raise a war chest of $1.8 billion for investments, although aspects of its strategy have left observers scratching their heads. While AMC’s move appeared to come out of left field, it did keep the company in the spotlight. “I think it’s so something that is so bizarre, it would almost certainly attract peoples’ attention,” Millman said. “ “Grabbing the headlines, there’s clearly an advantage to that for a meme stock.”
See Now: AMC CEO Adam Aron’s total compensation in 2 years during the pandemic was more than the 4 previous years “When you look at AMC, they are weak on our two fundamental elements for evaluating companies,” James Gellert, CEO of RapidRatings, told MarketWatch. Gellert pointed to RapidRatings’ Core Health Score, which evaluates medium-term sustainability based on operational efficiency and competitiveness and also its Financial Health Rating, which measures short-term default risk.
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