AMC Theatres "Bankruptcy Appears Likely," Analyst Says
MKM Partners analyst Eric Handler on Thursday downgraded his rating on shares of the exhibitor from "neutral" to "sell," saying that "bankruptcy appears likely."
That followed Loop Capital analyst Alan Gould's Wednesday downgrade to a "sell" in a report that concluded: "We think bankruptcy is a distinct possibility, and at a minimum, the company will require a highly-dilutive financing."
AMC, in which Chinese conglomerate Dalian Wanda Group owns a majority voting stake, has been looking for various ways to reduce costs, in late March furloughing all of its 600 corporate employees, including CEO Adam Aron, following the closure of all its cinemas. It had earlier already cut its dividend by 85 percent.
Loop Capital... wonder how much value Chinese investments have lost worldwide due to the shutdown and who benefits from this?
Loop Capital... wonder how much value Chinese investments have lost worldwide due to the shutdown and who benefits from this?
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good find!!
meh - movie theaters..
That followed Loop Capital analyst Alan Gould’s Wednesday downgrade to a “sell” in a report that concluded: “We think bankruptcy is a distinct possibility, and at a minimum, the company will require a highly-dilutive financing.”
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Drop 3216:
Kim Foxx Linked to Loop Capital
Q
!!mG7VJxZNCI
26 Mar 2019 - 4:35:13 PM
https://twitter.com/Incarnated__ET/status/1110635537755365376
Loop Capital?
What are the odds of that?
FYI—jogging my memory—Looking @ QMap—lots of drops with Loop Capital—pay to play—slush fund etc.
Q