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Prudent Capitalist

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Prudent Capitalist

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Tuesday, 02/28/2023 5:02:50 PM

Tuesday, February 28, 2023 5:02:50 PM

Post# of 141181
Huge negatives in the release for AMC, not the least fo which was the confirmation that theater attendance in the 4th quarter dropped by (-17.5%) vs the year ago quarter, to 49.5 Million from 60 Million in Q4 2021. But the lead from MarketWatch is perhaps the most ominous:

AMC Entertainment Holdings Inc. reported a loss for a 14th consecutive quarter and fourth consecutive year Tuesday

Four (4) consecutive years of losses. By any measure that reflects a struggling company in a dying industry.
Bearish
Bearish
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