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Keep kicking that can!
Volume on 9.50 Calls 31,941
Volume on 9.50 Puts 10,722 bid .09 ask .10
What's scary is that these people vote, too.
Shorts have no power here. 10+ EOD
If we are around 10 bucks at the close, we should all do what Sonny suggested two weeks ago, and slap the ask as hard as one's finances allows them to.
I know I'm not going to be able to match my 1000 share buy, but if we're around ten, I'll figure something out.
Deadline
AMC Entertainment CEO Adam Aron Quotes Wartime Churchill Saying Q1 “End Of The Beginning” Of Exhibition’s Covid Nightmare; Chain Hiring Up To 10,000 In Next Few Weeks
Jill Goldsmith
Thu, May 6, 2021, 6:46 PM
AMC Entertainment CEO Adam Aron was nearly giddy Thursday, quoting Winston Churchill, trying to top him, talking up a box office recovery, the chain’s expanded market share, cash position and hiring plans and millions of new retail investors who have replaced China’s Wanda Group as its core shareholder base.
Like an Oscar acceptance speech, he thanked former President Donald Trump for Operation Warp Speed, current President Biden for the fast vaccine rollout and the CEO of Pfizer, and Hollywood studios. “Thank you Universal for F9. Thank you Disney for Black Widow.”
More from Deadline
AMC Entertainment Anticipates Q1 Sales Plunge To $148 Million Vs $941 Million A Year Ago; Scraps Stockholder Vote On Share Sale
AMC Entertainment CEO Reflects On Wild Pandemic Year, Goodbyes To Stakeholders Wanda And Silver Lake
How Will Theatrical Windows Look Post-Pandemic? AMC Boss Adam Aron Provides Idea During Year-End Earnings Call
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Channeling Churchill — the second time he’s done it publicly in a year — he recalled November 1942, years before World War II ended, when Churchill said: “‘This is not the end. It not even the beginning of the end. But it is perhaps the end of the beginning.’… “Sir Winston won his titanic fight. I believe that AMC will win our war too.”
Later, in his own words, he said exhibition’s recovery “has not year started. It’s just about to start. We can feel it, we can taste it, we can see it over the horizon.”
Aron was speaking on a conference call after the chain reported first-quarter financial results. It had already released a sneak peek at the figures in late April. Revenue plunged to $148 million from $941 million. Net losses narrowed to $576 million from $2.2 billion, but that’s because the year-earlier quarter from included a one-time write-down $1.85 billion.
AMC nearly ran out of cash five times since the pandemic hit over a year ago and Aron recounted blow by blowy how he and his team scrambled to raise debt and equity financing to keep it afloat. He sees clear sailing through 2022 with two assumptions — that box office recovers in the second half and ends 2021 with domestic grosses of $5 billion, and that it rises to $8 billion for 2022. He thinks an historical lookback and a 2019 box office of well over $11 billion means those estimates could be “reasonable.”
Meanwhile, he noted the nation’s largest chain has boosted its market share from about 26%-27% pre-pandemic to 33% currently — taking up slack from theaters that stayed closed, went bankrupt or just underperformed. It will probably lose a bit of that lead but not all once everyone’s back open.
As big releases ramp up and the summer approaches, he said the chain will be hiring between 5,000-10,000 staffers over the next several weeks alone.
Some of AMC’s cash raise was helped earlier this year by a swarm of retail investors into the stock notably but not only on Reddit chatroom WallStreetBets, pushing up the share price. Wanda’s position was eroded and it’s no longer the controlling shareholder; instead, 3.2 million new individual investors are. It’s very different, Aron said.
“Before, when I wanted to talk to AMC’s ownership, I could fly to Beijing and talk to four of five people who had 75% of the company. Or talk to 15 securities analysts who talk to all of the institutional investors. Now we have 3.2 million people we will have to explain what we want to do, how it impacts them and do they agree.
“I have started tweeting again… We are communicating with our shareholder base. Try to get four minutes on CNBC, that’s hard. We got 90 minutes on YouTube and it has 250,000 views. Over 20,000 people took the time to rate it and 99% gave it a thumbs up.”
Trey is going to go Ape Chit Crazy!
Adam Maximilian Aron (born September 30, 1954) is an American business man, silverback gorilla and the chairman and CEO of AMC Entertainment Holdings, Inc. More recently he became a co-owner of the Philadelphia 76ers, and also served as its CEO from 2011 to 2013. Aron had previously served as President and CEO of Norwegian Cruise Line from 1993 to 1996, and Chairman and CEO of Vail Resorts from 1996 to 2006, and continues to serve on the board of directors.[1] In 2006 Aron formed a personal consultancy, World Leisure Partners, Inc.[2] His contributions were hailed by Newsweek during his time at Vail with the headline: "Vail Resorts is a peak performer. CEO Adam Aron has transformed the U.S. ski industry."on [3]
https://en.wikipedia.org/wiki/Adam_Aron
Bio, I think someone should stick your post, Great Post!
AMC fundamentally is sitting in cat bird seat....patience is key...we have the gathering of the finest retail investors on the planet!!!
Not only the finest retail investors, but there are millions of us! I'm one of the worse investors in this group of apes, I get pissed when we keep dropping day after day, other don't, they take there punches and buy more. Adam Ant loves us, as he should!
Everyone remember, patience is always key, but AMC is going to be a better business after Covid, then before. Oh, Baby, we are off to the Movies!
Freaking game to Adam Ant, I'd rather he buy shares in the open market!
You know that we are in trouble when Rashida Tlaib sounded like a bright, honest "grownup" asking meaningful questions.
Blockbuster after blockbuster, we don't have to sustain chit, we are going to crust the very conservative guidance, if that's what you want to call it!
You're damn right that one billion cash on hand is insane, that's more than two bucks a shares.
Totally Insane! Something is up, Adam isn't new at this, I felt during the report that he was holding something back, plus he flat out said he's not done looking for money, how much does he need? And why?
Two things, did you get the idea that AA has something going on that he didn't devolved? If so, he can't buy on open market with inside information.
Also, off hand, do you know what the volume was at the close? Thanks
Kevinlt, I think Old Adam threw us a few bones, I also feel that there's something else he really really wanted to say, but couldn't due to our legal system, you know the one that can't control HF's from selling Air Shares, yet will hit AA with a lawsuit in a NY minute.
However, Kevinlt, I won't argue with you that Old Adam is pretty good at patting himself on the back, I feel he should have held off on saying he pulled the financing off before the so called (and what is so called about them) Reddit Raiders.
There's a chance that Michael Bodson also might get it, it's a shame that no one is asking about "air shares" for Bodson will be on the hot seat once AMC blows up.
There sure is a lot of ass kissing going on while the HEDGE HOGS keep on creating new shares.
Congrats on great earnings report, Cheers
I believe that's a conservative estimate on the amount shorted, which makes the 43 million shares that GS controls nothing, less than a day of covering.
The hole the HEDGE HOGS dug is huge! IMO, knowing when to sell will be a nice problem to have. I'm thinking about selling in thirds, but I agree, everyone needs to plan and not sell to early. GLA, I feel we are getting close.
Retirement my eye, the rats are jumping ship!
BB, I 100% agree with your theory, I'll add that it wouldn't surprise me if Citadel even denied the true synthetic shares outstanding, however, I believe that Hester Peirce gets it and she's on to them.
My concerns, how much power does Ms. Peirce wield?
I think the regulators are starting realize, now as for our elected officials, that's another story, IMO, they should be scared to death of what can happen with just AMC, I believe that AMC is just one company that got way out of control, but there's others out there, lots, too!
CLou, I understand what you are saying, however, due to the massive amount of outstanding synthetic shares, they are now part of the "float" back in the day; when you had the "old fashion" naked shorting, one use to add those shares (the naked shorted shares) when one spoke of the float.
It wasn't unusual to see that the percentage held by Institutions was greater than 100%, now I don't believe anyone knows how many synthetic shares are outstanding in a great number of companies. Clearly, Adam wants to know how many are outstanding in his/our company, as he should.
The tail is now wagging the dog.
IMO
Beyond Meat to report earnings as investors eye COVID-19 rebound
Alexandra Canal
Alexandra Canal·Producer
Wed, May 5, 2021, 6:18 PM
Beyond Meat (BYND) is set to report first quarter earnings after the bell on Thursday, with analysts eager to see if rising consumer interest in alternative foods can help offset a weak, pandemic-stricken foodservice channel —which is pressuring sales and profits.
Here are Wall Street's consensus estimates, compiled by Bloomberg:
Revenue: $113.18 million
Adj. profit/loss per share: -$0.21 cents
These results would indicate a sharp decline in quarterly earnings compared to one year ago, when the plant-based meat company reported adjusted earnings of 6 cents per share.
In the fourth quarter of 2020, Beyond Meat's net loss widened to $25.1 million, compared to just under $500,000 in the comparable year-ago quarter. That included $3.7 million in expenses attributable to COVID-19.
A Beyond Meat Burger is seen on display at a store in Port Washington, New York, U.S., June 3, 2019. Picture taken June 3, 2019. REUTERS/Shannon Stapleton
A Beyond Meat Burger is seen on display at a store in Port Washington, New York, U.S., June 3, 2019. Picture taken June 3, 2019. REUTERS/Shannon Stapleton
The pandemic wrecked havoc on the food and restaurant space for most of last year as diners remained largely indoors. That hammered Beyond's foodservice sales during Q4, which plunged 42.6% and 62.9% in the U.S. and abroad, respectively.
The company has been transparent about COVID-19 era challenges, noting in previous earnings that streamlined menus, declining foot traffic and operating capacity curbs all played a role in the declines.
Consequently, the company has shifted its focus to grocery, convenience stores and other forms of distribution with U.S. retail sales rising over 76% to $62.1 million in the fourth quarter.
Innovation drives growth
Beyond Meat has battled coronavirus headwinds by routinely adding innovative and premium product offerings — from Beyond Meatballs to Beyond Breakfast Sausage Links — in addition to striking partnerships with big-name chains and retailers including Costco (COST), Taco Bell (YUM), Subway, TGI Friday’s, Dunkin’ and Pizza Hut.
This week, the company launched a new version of its plant-based Beyond Burger at grocery stores nationwide. Dubbed the brand's juiciest plant-based patty yet, a four-pack will set one back $9.99.
Beyond Burger 3.0 (Courtesy: Beyond Meat)
Beyond Burger 3.0 (Courtesy: Beyond Meat)
The new recipe, which more resembles the flavor and texture of ground beef, is set to be introduced to restaurant partners beginning in June.
"As we get closer to that beef experience that we all love, or most of us, we bring consumers into the brand and then we obviously are able to accomplish more of our broader objectives," Beyond Meat CEO Ethan Brown previously told Yahoo Finance.
And competition in the space continues to heat up.
In recent months, plant-based competitor Impossible Foods has slashed prices in a bid to capture market share from Beyond Meat ahead of a potential IPO.
Additionally, Tyson Foods (TSN) is set to launch plant-based hamburgers and sausages ahead of the summer grilling season. Beyond's stock initially dipped on that news.
Shares of Beyond Meat have risen 21% over the last 12 months, giving the company a market value of just over $7.5 billion.
This dude is in everyone's underwear, not just AMC's!
Albert Herne SILVERSQUEEZE
@albertherne
·
1h
Replying to
@FMSilverCorp
and
@keith_neumeyer
Does anyone know when Melvin capitals 70 million in $ag puts expire? It’s obviously being held down so he doesn’t get blown the fuck out of the water again. It would be hilarious if Keith issued a series of buybacks that forced melvins puts to expire worthless.
First Majestic is planning to release its Q1 2021 unaudited financial results, and to announce its Q1 dividend payment, and shareholder record and payable dates tomorrow Thursday May 6, 2021 #Silver $AG $FR.TO @FMSilverCorp @keith_neumeyer $PSLV #BuyPhysical #tripledigitsilver pic.twitter.com/OvV1ZGNpHx
— First Majestic (@FMSilverCorp) May 5, 2021
BB, Citadel has up there game from 41% to 47%
Citadel Securities says it accounts for 47% of all retail trading of listed securities, making it the largest stock-market wholesaler. Virtu Financial Inc. says it executes about 25% to 30% of those retail orders.
The whole article:
SEC Studying Whether New Rules Are Needed for Apps That Gamify Trading, Chairman Says
2:39 pm ET May 5, 2021 (Dow Jones) Print
By Dave Michaels
WASHINGTON -- Wall Street's top regulator is studying whether to impose new restrictions on brokerage apps that would make it easier for investors to trade stocks and other securities, the Securities and Exchange Commission's chairman is set to tell lawmakers.
In testimony prepared for the House Financial Services Committee, Gary Gensler says applications that "gamify" trading -- by using appealing visual graphics to reward a user's decision to trade, for instance -- might encourage frequent trading that results in worse outcomes for investors.
Mr. Gensler, who is scheduled to appear before lawmakers on Thursday, suggests that many investor-protection rules were written before trading moved to online platforms that have grown more visually enticing and are sometimes blamed for encouraging investors to trade more. The hearing was scheduled earlier this year after a boom in retail trading drove the prices of several stocks, including those of GameStop Corp. and AMC Entertainment Holdings Inc., far above where they traded in December.
"Many of our regulations were largely written before these recent technologies and communication practices became prevalent," Mr. Gensler will say. "I think we need to evaluate our rules, and we may find that we need to freshen up our rule set."
Mr. Gensler, a former Goldman Sachs Group Inc. banker who led the Commodity Futures Trading Commission during the Obama administration, also says the SEC is examining whether some large broker-dealers known as wholesalers have too much power in handling retail orders. Wholesalers pay retail brokerage firms, such as Robinhood Financial LLC and TD Ameritrade, for the right to trade with those firms' customer orders.
The system, known as payment for order flow, has long been scrutinized for conflicts of interest, including whether retail brokers are encouraged to maximize their own revenue rather than ensuring their customers get the best price. Wholesalers say the market is competitive and that they don't set the rates they pay to the retail brokerages. The system also generally yields better share prices for retail traders than they would get on stock exchanges.
Citadel Securities says it accounts for 47% of all retail trading of listed securities, making it the largest stock-market wholesaler. Virtu Financial Inc. says it executes about 25% to 30% of those retail orders.
"Market concentration can also lead to fragility, deter healthy competition, and limit innovation," Mr. Gensler says in his prepared remarks. "I've asked staff to look closely at these issues to determine which policy approaches may be merited."
Payment for order flow has swelled as more small investors have jumped into the stock market. The 11 biggest U.S. brokerages serving individual investors collected nearly $1.2 billion in payments for order flow during the first three months of 2021, more than double the amount from the same quarter last year, according to an analysis of regulatory filings by Bloomberg Intelligence.
Robinhood alone generated about $331 million for selling its order flow in the first quarter of 2021, more than triple the amount from the year-ago quarter.
Write to Dave Michaels at dave.michaels@wsj.com
(END) Dow Jones Newswires
May 05, 2021 14:39 ET (18:39 GMT)
Going to happen, BS, it's happening as I type. 3 million shareholders, yet we are down for the seventh day!
That's crazy chit you're saying is going to happen, well, when you have that many shareholders, plus, most of these shareholders strongly believe in holding, and adding, well, share price tend to go up, just not in AMC.
We can send planes up the East River, but can't hold our share price, that's pretty crazy.
I'm going to buy more today, and I'm also holding! However, I do think all this is Ape Chit Crazy!
I agree with the other poster, when you check these posts out, drop a like.
That's cheaper than buying another hundred shares to show support
Plus, IMO, having Clay Trader around is never a good sign.
So, slimhere, are you new to Clover?
Yes, I just dropped in to see what's going on, I saw CLOV on highest shorted stock list, I have no position as I type. I also didn't know about outstanding warrants, do you know their time frame? I agree with you, investing in a company with outstanding warrants is a dangerous mission.
Slim
If Adam Aron really wanted to punish shorts, he could. He's diluting current shareholders value by increasing share count, so why not give us a special ten cent dividend, if there's truly 19-1 short ratio, that dime dividend would cost shorts $1.90, plus what they are paying to borrow our shares.
Aron likes chatting up about how many shares he holds, well, he could increase his pay with a special dividend, while also making a statement that he's not going to let his shareholders get a daily beating from shorts.
Listen to Jim tell the story
Meeting delayed for AMC, Is this a good thing..
It's a well known fact that Wall Street hates surprises, clearly cancelling a meeting at the last second counts as a surprise, so what do you think?
I'm pretty sure they didn't like all the no votes they received, so they came up with a new record date and I'll bet, they will have new line items to vote on.
I still strongly feel, that Adam Ant should have shopped the 43 million shares the company holds to someone (anyone) other than GS.
I'll repeat myself, had Cathy Woods bought a sizable stake in AMC, we'd have that squeeze the same day that Woods disclosed she opened a position in AMC.
Yet, here we are. It's hard to trust any Philly Fan, I do not like AA moving the meeting at the last minute, while also changing the rules (date of record) something stinks besides all this HF shorting.
It's Been a Bumpy Ride for Beyond Meat Stock. Why One Analyst Isn't Worried. -- Barrons.com
11:27 am ET April 28, 2021 (Dow Jones) Print
Teresa Rivas
Beyond Meat stock is known for its volatility, but lately it's been on a steady path down. However, there is still reason to believe in the bull case for the plant-based protein maker, according to Citigroup.
Analyst Wendy Nicholson reiterated a Buy rating and $133 price target on Beyond Meat's shares (ticker: BYND) Wednesday. Beyond Meat was up 0.2% to $133.78 in recent trading. The shares are up 6.3% year to date and have risen by nearly 33% in the past 12 months.
The shares have fallen about 10% since the analyst's March upgrade of the stock, largely because of "the evolving competitive dynamic in the plant-based meat category." More private competitors are entering the space, and some of them may have flexibility to lower their prices more aggressively than Beyond Meat, as companies push toward price parity with traditional meat. Others investors are worried that margin pressure shows no sign of abating, and that the company's high-profile partnerships with companies from McDonald's (MCD) to Yum! Brands (YUM) might not offer much growth.
Nicholson is keeping the faith. "Beyond Meat is a strong player in an attractive and growing category," she writes Wednesday. "Despite the difficult comparisons (which we believe are well understood by investors), difficult competitive dynamics (which we also believe are well understood by investors), we still think there is a long runway [of] strong growth ahead for this company."
She argues that the company should benefit from easy year-over-year comparisons in its food service channel, as restaurant sales suffered in the early days of the Covid-19 pandemic. Retail sales face more difficult comparisons, given the surge of grocery sales, but she still expects this division to notch 30% growth. The company's international operations could be even stronger than those in the U.S. in 2021, she writes.
While her estimates are a little bit more conservative than consensus for the first half of the year, Nicholson is more confident about the back half. "We see room for the company to start to benefit just a bit from the early, early days of its newly minted partnerships ...and continue to roll out newer and better tasting products while benefiting U.S. food service recovery."
Other analysts have also been getting more bullish as the company expands overseas and with key retailers.
Write to editors@barrons.com
intrinsically, AMC is probably worth $8-$12 minimum
then you also have the lost going forward, that has to be worth another three to four bucks per share
Would be nice if AMC sold to a believer in AMC those 43 million shares as they would not be in the float so to speak for a long time.
If Adam Aron was such a great salesman, why is it he didn't find himself a true believer? GS is in bed with the HEDGE HOGS, I believe he could have sold at least a quarter of "real" shares had he gone on Trey's Trades again, Apes would love a real banana for a change.
Had Kathy Woods bought those shares for any of her ARK funds, we'd be in the squeeze right now. Hell, if Woods was a buyer of AMC, that alone would do it, Adam could have sold Auntie Woods the shares rather then the damn Devil.
I'm not selling, but I don't like this deal. (not that anyone gives a rat's ass)
Perhaps the short interest is an illusion, but the volume is not. I'm not sure what was going on a week ago, nor today, but it's no illusion.
BB, You can bet your sweet bippy that if both Schwab and Fidelity were buying Friday, it was to cover previous sold "air shares" that they have invoiced in their customers accounts.
We should have an interesting week.
Filled Buy 1000 AMC Market 10.1499 15:59:42 04/23/21
I banged that ask!
Sonny, if we are anywhere close to $10.00 at the close, I slap the ask for a hundred shares of air.
I liked your idea.
Patience is always the game, we wouldn't need so damn much patience if we were buying real shares, not air shares; but it is what it is.
All in good time, I'm told. I just wish I had a stronger belief that someone will make good on buying back air.
Unfortunately, I agree with you. I'd like to know how anyone thinks They are losing control.
I don't see anyone doing anything about selling air shares, here or over at GME! No doubt, anywhere else that they want to, too! PLTR?
WKHS was shorted to death until Aunt Kathy started buying, I'd like to know why Wood's isn't buying AMC, if she did, we'd get our squeeze.
Always, and if!
I hear you, my mind does that same trick, I wish it wouldn't. I've talked with the owner, he blames a wayward youth!
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