JRM Posted December 30, 2020 Share Posted December 30, 2020 Anybody else notice the enterprise value is higher now than at the beginning of 2020? https://ycharts.com/companies/AMC/enterprise_value Because they have been adding debt. Compare to market cap. https://ycharts.com/companies/AMC/market_cap They have also been issuing shares like crazy. I guess I would have expected the EV to be equal or less than at the beginning of the year. Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted January 22, 2021 Share Posted January 22, 2021 "No Time to Die" delayed from April 2 to October 8 "Ghostbusters Afterlife" delayed form June 11 to Nov 11 "Uncharted" moving from this July to next February "Black Widow" still scheduled for early May, but it is widely expected to be pushed back Link to comment Share on other sites More sharing options...
KJP Posted January 25, 2021 Share Posted January 25, 2021 https://investor.amctheatres.com/newsroom/news-details/2021/AMC-Raises-917-Million-of-Fresh-Investment-Capital-Since-Mid-December-of-2020/default.aspx Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted January 25, 2021 Share Posted January 25, 2021 Market cap at the beginning of the year: ~ $775 million Market cap today with the stock at $4.01: ~ $732 million Makes perfect sense How about an update? Prospectus supplement just filed: "As of January 22, 2021, there were 287,276,558 shares of Class A common stock outstanding, 51,796,784 shares of Class B common stock outstanding" With the stock at $3.51 the current market cap is $1.19 billion. Makes even more sense now than it did last month. Link to comment Share on other sites More sharing options...
DooDiligence Posted January 25, 2021 Share Posted January 25, 2021 An oldish AMC YOLO tard-post ??? www.reddit.com/r/wallstreetbets/comments/koexxz/amc_is_close_to_bankruptcy_an_excellent_time_to/ --- Here's a more current post that claims to have an algo that scans for popular trading subs - WARNING: the Algo got a boner for ARKK & ARKG puts. www.reddit.com/r/investing/comments/l3z5jq/i_created_an_algo_that_tracks_the_most_hyped/ www.reddit.com/r/thetagang/comments/l1zbnt/arkg_selling_puts/ --- Meanwhile, I add a little BRK Link to comment Share on other sites More sharing options...
Jurgis Posted January 25, 2021 Share Posted January 25, 2021 Can we get WSB crowd on this ASAP? /popcorn /oomcalls /$100-makeitso Link to comment Share on other sites More sharing options...
hasilp89 Posted January 27, 2021 Share Posted January 27, 2021 At $16 preopen. Aron going to the wsb hall of fame. This market has gone bonkers. Link to comment Share on other sites More sharing options...
clutch Posted January 27, 2021 Share Posted January 27, 2021 How many value investors will get bailed out by WSB by the end of this?? Kinda funny it's exactly the type of mania they've been criticizing over the years that's fueling all this. Link to comment Share on other sites More sharing options...
hasilp89 Posted January 27, 2021 Share Posted January 27, 2021 i would love to be a fly on the wall of Aron's office today. That old fart is probably over the moon. Link to comment Share on other sites More sharing options...
txvalue Posted January 27, 2021 Author Share Posted January 27, 2021 This thread is such a surreal turn of events. From (what I thought was) deep value, to value destruction, to global pandemic to now this... I thought I was pretty clever leaving just a few options in and rolling into Cinemark and Cineplex. Going to close out CNK this morning at this rate since it is already up over 3x. Everything is happening so quickly now, spend a lot of time in a name expecting a longer term investment. Link to comment Share on other sites More sharing options...
jschembs Posted January 27, 2021 Share Posted January 27, 2021 How many value investors will get bailed out by WSB by the end of this?? Kinda funny it's exactly the type of mania they've been criticizing over the years that's fueling all this. So true. Looking at names like Pitney Bowes and Express, two awful businesses, spiking on the WSB game, is just amazing. On the other hand, on a relative value basis, these things are really cheap trading at ~1x revenue vs SNOW and other SAAS plays. /s Link to comment Share on other sites More sharing options...
fareastwarriors Posted January 30, 2021 Share Posted January 30, 2021 $ Silver Lake cashes out on AMC for $713 million after Reddit-fueled rally https://www.reuters.com/article/idUSKBN29Z00E Link to comment Share on other sites More sharing options...
hasilp89 Posted June 1, 2021 Share Posted June 1, 2021 AMC raising more cash. Beware Aron is going on the offensive. Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 1, 2021 Share Posted June 1, 2021 https://www.cnbc.com/2021/06/01/mudrick-reportedly-sold-the-8point5-million-amc-shares-it-just-bought.html ka-ching Mudrick had purchased 8.5 million shares at $27.12 apiece, according to AMC’s filing. The company’s stock hit a high of $33.53 per share, meaning Mudrick could easily have gained more than $40 million on the rally. Link to comment Share on other sites More sharing options...
txvalue Posted June 2, 2021 Author Share Posted June 2, 2021 10 hours ago, hasilp89 said: AMC raising more cash. Beware Aron is going on the offensive. Ha, well to be fair his past growth plans have been “offensive” to shareholders! This guy certainly has 9 lives. Ever the PE type CEO, interested to see if this means taking a run at someone like Cineplex. Not sure what else it could be, new builds would be crazy with material costs at these levels and their debt load. Link to comment Share on other sites More sharing options...
hasilp89 Posted June 2, 2021 Share Posted June 2, 2021 They sure have. “First in our sights are the strongest Arclight/Pacific theatres that will not re-open due to pandemic pressures. No one is out of the woods yet, but we like AMC’s improved liquidity, the increases of vaccinated people and the imminent release of new blockbuster movies. {4 of 5}” never heard of them. Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 2, 2021 Share Posted June 2, 2021 Meme traders are back! https://www.cnbc.com/2021/06/02/amc-jumps-another-22percent-shrugging-off-stock-sale-by-hedge-fund-.html AMC trading frenzy triggers trading halts as stock surges more than 80% Link to comment Share on other sites More sharing options...
Gregmal Posted June 2, 2021 Share Posted June 2, 2021 https://seekingalpha.com/news/3702381-whitney-tilson-calls-short-term-top-on-amc-gamestop-other-reddit-stocks LOL. Tilson calls the top...and then the stock proceeds to go up another 50%+...Tilson being Tilson. Even without his blown up hedge fund, he continues to represent the industry well! Link to comment Share on other sites More sharing options...
Spekulatius Posted June 2, 2021 Share Posted June 2, 2021 Looks like the Apes are winning: Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 2, 2021 Share Posted June 2, 2021 1 hour ago, Spekulatius said: Looks like the Apes are winning: apes together strong Link to comment Share on other sites More sharing options...
aws Posted June 2, 2021 Share Posted June 2, 2021 I tried to be too clever and shorted a few OTM June calls before the big move from $44-70. I don't hate the position as even at the peak it's less than 1% exposure so I should be able to ride it out, but I hate losing 500% in an hour. At this point AMC is above the peak market cap GME had back at 500, not even considering the extra debt. And with the options so crazy expensive it's hard to imagine a big gamma squeeze higher. Even OTM calls two weeks out cost like 40% of the stock price, so it's not like people can buy hundreds of them. Link to comment Share on other sites More sharing options...
CapriciousCapital Posted June 2, 2021 Share Posted June 2, 2021 Shareholders get free LARGE popcorn! https://www.amctheatres.com/stockholders If you bought a share in January for $2, that'd be a return of multiples of like 2,000% annualized. I wonder if it works for fractional shares. Maybe I'll get in in a few months when Top Gun comes out. Link to comment Share on other sites More sharing options...
Gregmal Posted June 2, 2021 Share Posted June 2, 2021 Has anyone given thought to the possibility that Mudrick was/is actually short AMC? Bought the shares directly as a hedge/buy in and then in classic hedge fund style sold it off profitably to put the trade back on and thought the publicity around their move and statement would facilitate a drop? There seems(speculating here) to be more going on than the surface implies. 20% short interest isnt really "that" big unless its concentrated. I was looking at the Friday calls today, and really wanted to speculate but with AMC at $39 I was like "nah, $3 for a $50 call expiring Friday is nuts"....and passed....Oh well. As always, the only way to make money on these types of things, consistently and in a reasonably risk adjusted way, is generally to short very near dated OTM puts. Link to comment Share on other sites More sharing options...
txvalue Posted June 3, 2021 Author Share Posted June 3, 2021 Issuing shares again, with the pace of this dilution and their stated goal to play offense they are going to have to acquire circuits much larger than Pacific/Arclight, there are probably 10 locations in that mix of value and several of those locations are going to have multiple interested groups. To back into this type of elevated EV they are going to have to buy much larger things if they are not going to pay down debt. Link to comment Share on other sites More sharing options...
thepupil Posted June 3, 2021 Share Posted June 3, 2021 14 hours ago, Gregmal said: Has anyone given thought to the possibility that Mudrick was/is actually short AMC? Bought the shares directly as a hedge/buy in and then in classic hedge fund style sold it off profitably to put the trade back on and thought the publicity around their move and statement would facilitate a drop? There seems(speculating here) to be more going on than the surface implies. 20% short interest isnt really "that" big unless its concentrated. I was looking at the Friday calls today, and really wanted to speculate but with AMC at $39 I was like "nah, $3 for a $50 call expiring Friday is nuts"....and passed....Oh well. As always, the only way to make money on these types of things, consistently and in a reasonably risk adjusted way, is generally to short very near dated OTM puts. purchasing shares in an offering to cover a short is generally not permitted. https://www.sec.gov/divisions/marketreg/tmcompliance/regmrule105-secg.htm Link to comment Share on other sites More sharing options...
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