AMC Theaters’ Credit Takes a Bad Hit; Future in Jeopardy

[FlyRy]

AMC Theatres Bankruptcy Likely, Analysts Say – Variety

 

[re'up]

Can someone smarter than me explain why AMC hasn't been trying to buy up all (or some) of the real estate it leases over the last 30 years, to create real assets, so the company can also use that as collateral for loans?

 

[itsyoung!!]

One month of inactivity shouldn't hit them this hard. I have a feeling they been living "paycheck to paycheck" for awhile now.

Average people only go to the theaters for blockbusters and the big studios like Disney take most of the profit from the first two weeks so it's a recipe for disaster.

most companies are paycheck

Disney, who you referenced, has made some tough decisions over past few days cutting shyt, they had $5-6 billion cash on hand or so when this started, their monthly costs were about $1.5 billion a month and also almost $40 billion of debt before this virus.

If you have $500 and your monthly bills are $150, how long could you last?

even the top companies you think can last can falter

We done seen Toys' R Us, Mervins, Sears and K Mart fold during the "good times" of an economy.. companies most thought were around so long they would be immune to falling and they did

No company is fall proof. None.

 

[JerseyBoy23]

most companies are paycheck

Disney, who you referenced, has made some tough decisions over past few days cutting shyt, they had $5-6 billion cash on hand or so when this started, their monthly costs were about $1.5 billion a month and also almost $40 billion of debt before this virus.

If you have $500 and your monthly bills are $150, how long could you last?

even the top companies you think can last can falter

We done seen Toys' R Us, Mervins, Sears and K Mart fold during the "good times" of an economy.. companies most thought were around so long they would be immune to falling and they did

No company is fall proof. None.

Most of their debt is from taking on FOX entertainment's debt right?

 

[FlyRy]

One month of inactivity shouldn't hit them this hard. I have a feeling they been living "paycheck to paycheck" for awhile now.

Average people only go to the theaters for blockbusters and the big studios like Disney take most of the profit from the first two weeks so it's a recipe for disaster.

You're also not looking at larger picture. Theaters expect to be closed til August.

"“Even if you sell out every seat in the house, you’re still gonna lose money with that much debt,”

 

[Dillah810]

 

[Deltron]