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Tuesday, 12/05/2023 9:23:56 PM

Tuesday, December 05, 2023 9:23:56 PM

Post# of 137250
***** 3 Reasons to Avoid AMC Stock Like the Plague


AMC's massive shareholder dilution may get worse
Until movies return to theater en masse (if they do), AMC may continue to hemorrhage cash. Even before the pandemic, the company reported earnings of negative $149 million. AMC lost $4.6 billion in 2020, $1.27 billion in 2021, and another $458 million through the first half of 2022. To finance the losses, the company issued new shares three times in 2021 after the stock price experienced meme-fueled run-ups. AMC raised about $1.5 billion from the new shares, which massively diluted shareholders. The company quintupled its share count from 104 million at the end of 2019 to 517 million currently.




https://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/10257032/3-reasons-to-avoid-amc-stock-like-the-plague/

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