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And BINGO was HIS name-o
Woohoo, wink!
I'd not only put them in our cars, but stand outside the Holland Tunnel and Lincoln tunnel, one day apart, and sell them
I'm sure they are, wink. Didn't pull trigger, thought going lower.
Winner winner chicken dinner!
Bobby, bobbarelli
Time for the Hava Nagilla you say?
Stop drinking that man-o-manischewitz
He never bought in, and has his own agenda as does claytrader! Everytime I say that, my post gets tossed lmao!
It's not going under, and will recover in a big way!!!
I second the motion!!! Loved, Adored and Cherrished!
FINANCE
Don’t Jump on AMC Stock Before It Finishes Leveling Out
?
Bret Kenwell
InvestorPlaceJune 23, 2018
After seeing the rapid subscriber growth Helios and Matheson Analytics Inc (NASDAQ:HMNY) garnered with its MoviePass equity stake last fall, the movie theatre industry is beginning to take new steps to innovate and evolve. That means AMC Entertainment Holdings Inc(NYSE:AMC) too. AMC stock rallied almost 4% Thursday after the company announced a new all-access subscription plan as well.
For $19.99 per month, A-List rewards members will be able to see up to three movies per week. So long as there is availability for the showing, customers will be able to attend. This includes IMAX films, regular showings and 3D movies.
For its part, IMAX Corp (USA) (NYSE:IMAX) is embracing the move. CEO Richard Gelfond says the move won’t hurt the company’s economics and should actually bode well for IMAX going forward.
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“We expect to see a surge in demand for IMAX tickets from this exciting new program, which should drive incremental revenue to IMAX theatres,” he said, and, from the press release: “Under the terms of the agreement between IMAX and AMC, AMC will ensure there is no reduction in IMAX’s overall economics.”
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That almost makes me wonder if IMAX is the real winner here over anyone else. In any regard, movie theaters aren’t going extinct. But they are feeling the pressure from cord cutting.
A Revolution at the Movies
No longer do consumers have to wait a tremendous amount of time to see a film out of the theater, nor do they have to go to BlockBuster for the DVD. Simple pay $5 or $6 and rent the movie from Apple Inc.(NASDAQ:AAPL) or Microsoft Corporation(NASDAQ:MSFT) via Xbox and a whole living room full of people can watch it.
Again, this isn’t killing theaters, but it’s taking away the urgent feeling of, “I have to go see this now!” That’s why the theater-subscription concept is gaining traction. For theaters, the subscription model is a double-edged sword. More frequent visits may mean more food and beverage purchases, which garners massive (disgusting, in the eyes of customers) margins.
But if an all-you-can-see customer comes three times a week per month, they’re seeing shows at less than $2 a pop. If it’s a full showing, that’s taking the seat of someone who would be paying $8 to $10. But how many times will customers really head to the movies?
At one point the Helios CEO said subscribers were going, on average, to two movies a month. Given its higher price point, AMC may draw more than that. But it’s one solution to help keep customers coming into the theaters and one that, at least on the surface, shouldn’t erode margins.
Sizing Up AMC Stock
For the year, analysts expect earnings of just 14 cents, followed by 45 cents per share next year. On the revenue front, estimates call for 6.6% growth this year to $5.4 billion and almost 4% growth in the following year. However, it’s not clear if those estimates will increase following AMC’s latest move.
After all, three analysts have issued positive commentary following the move. Two analysts have assigned a $20 price target on AMC stock, which suggests 17% upside. Wedbush’s Michael Pachter assigned a $25 price target on AMC stock on Thursday. If it comes to fruition, it would represent almost 50% upside from current levels.
For what it’s worth, the average price target over the past 90 days shakes out to about $23.50, suggesting more than 36% upside from current levels. The question is, will AMC stock get there and can management deliver?
The company is hitting record quarterly revenue marks in admissions, food and beverage, and other. Average ticket prices are up 5.5% in the U.S. and almost 25% internationally. Don’t forget, AMC has a $100 million buyback in place (about half of it has been used) and the market cap is currently just $860 million. Finally, shares yield about 4.8%.
Trading AMC Stock
chart of AMC stock
Click to Enlarge
Like the chart, let’s keep this short and sweet. $16 is a significant level. Now over it, AMC stock is back to levels it previous topped out at in April. Should it continue higher, perhaps it will hit $19.
If I am buying AMC, I would prefer a pullback to the $16 area, although I don’t know if we’ll get it. If it does, support should hold up, as all three major moving averages rest just below this mark, level support is there (black line) and trend-line support is there well (purple line).
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AAPL.
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The post Don’t Jump on AMC Stock Before It Finishes Leveling Out appeared first on InvestorPlace.
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Agree and cautiously optimistic the tide is about to turn.
Greedy!!!
Need a black 8 ball answer after you shake it, wink!
You know his agenda, it's certainly not a secret!
Now now, we already knew that, wink
A man with a mission, that should be investigated if not already, wink! Now boys and girls, watch him toss me for the third time!
I'm from Princeton, NJ and I have everything, wink! I go where it's less crowded, sometimes I drive 15-20 to Regal aka United artists in Trenton, two years young and leather reclining seats which I hate, but love the spacious comfy seat! Wife likes to recline, I don't! Point is, I have a mom and pop on Nassau St and an AMC in Princeton Marketfair, but due to having so many people nearby and it's always crowded, and I even pass another AMC in Hamilton, NJ aka Hamilton 24, I prefer the Regal further out in Trenton, since it's quieter and 99% of the time, I can see a new movie without any issue there.
About to hand Israeli made Naot sandles to people affected by hurricane Maria. Decided to spend my time doing some good for humanity with my wife.
Working overtime I see!!!
Sponsored by MasterCard, since we use the MasterCard Logo to purchase these tickets!
Agree, but I can afford it either way, wink! Moviepass here at $20 a month would work perfectly!
Can't use moviepass in PR, so movie number two while on Vaca is incredibles 2 and movie 3 is Superfly. Jurassic World opening night, over and done with!
At $9.50 per ticket, and supersize freshest popcorn ever, usually, always overseas, even if you request a fresh popcorn in the states, it always tastes better abroad, and large icee, $8.50 total for both. Offsetting price of tickets lol.
I'm totally with you on this
Wait a minute, wasn't that what Jesus said?
Wink! I couldn't resist.
Funny but so true
And a 5.0 market crash too, don't forget, wink. Real estate is real enough for me!
I do and have owned my properties for decades and they are all mortgage free!
Buddy boy, I own 165k at $.42 average. I never bought higher, and believe like you that long term it will all work out for the best. I don't care if I lose $100,000-$1,000,000, since my portfolio is worth a lot more, and most of it is in real estate which is real and gives me monthly income! I'm diversified from that perspective, and always seem to bounce back. How many shares do you really own, let's ask that question first, and then you can keep saving the whales etc...
Enjoy your beach house, which costs a lot to maintain, unless you visit it often enough, and rent it out, it never makes financial sense holding on to that, wink, just for the memories.
Thank you Jesus!!!
Bingo tonight??? Lol
Just came back from seeing Jurassic World in Puerto Rico, and it was AIIIIT, LOL, not my favorite of the bunch, but still enjoyed it. Wish they offered moviepass here in PR, but they don't. Hey upper management, how about contacting Caribbean Cinemas, they're all over the islands and why the hell not save money for the people that can't afford it. I call that a MITZVAH, a good deed.
http://caribbeancinemas.com/movie/4525/
Never been to Copley house. I'm a Patinum Marriott, Gold Radisson, Gold Hilton Honors, Platinum IHG, and a few no name brands. Once in a while, I throw a no name or a mom and pop into the mix. I don't care about fancy shmancy most of the times, I care about superb customer service, great room, bed must be as comfy as I can get it to be, shower.
Bingo!!! We have a winner!!! Step right up, step right up folks!!!
Ok, well what would you like to say, the floor is yours, wink