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Prudent Capitalist

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Prudent Capitalist

Re: Laya post# 132541

Tuesday, 11/07/2023 2:06:50 PM

Tuesday, November 07, 2023 2:06:50 PM

Post# of 147550
Consensus estimate for AMC's Q3 earnings is a loss of -.19 per share. That should cause anyone looking to buy to pause and see the actual number out after the close tomorrow. The primary reason for the projected loss is the huge interest payments on AMC's mountain of debt. AMC needs to reduce debt dramatically to survive, and that will require dilution through the sale of shares to raise cash to pay down debt.

Could it be jitters before the quarter report keeping people on the sideline?
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