Replies to post #89162 on AMC Entertainment Holdings Inc (AMC)

[Prudent Capitalist]

People will go out to see a blockbuster hit like Spiderman, but in January theater attendance and Box office receipts dropped like a rock as the Omicron variant exploded across the US. The last 3 weekends of January were horrible for AMC and other theaters, and specific data for the weekend of January 21 -23 was detailed in news releases and reports out last week:

"AMC, as well as its peers in the cinema business, continue to struggle with getting customers into their theaters as the pandemic drags on. While the film "Spider-Man: No Way Home" was a recent hit for the theater industry, box-office revenue for the latest weekend amounted to a mere $46 million, compared with $123 million the same weekend in 2020, and $104 million in 2019, according to Comscore data."

[Karlchen]

AMC is a movie theater stock! is it save to invest? or do people watch films nowerdays mostly at home?
thats the question here: hello admin ´ s this is ontopic ! sorry for your non knowledge about the subject!

so, again:
1. amc fundamentals are not crucial, this is a squeeze-play.
2. EVEN: your take about the fundamentals of the movie/theater scene is wrong. its NOT a small population, who goes to the movies nowerdays!
but
2a), it seems, you are old - older people don't go, but that fact is true since over 40 years, or even longer. when you are young, you don't realise this fact!
2b) i am a veteran in SURROUND SOUND, when this began, everybody had their own dolby surround equipment at home (1980)
situation very BIG sound , tiny screens, people still went to the movies
2c) video projector became affordable (2000) now picture and sound where sound - people still went to the movies
until today and tomorrow!