Boiler Room: The Official Stock Market Discussion

[CBalla]

 

[Rickdogg44]

God fukking damn is this wrong

my calls !!!’

Yeh. TLT good. My CSP gonna expire worthless. Wonder if I should buy and do CC ...

 

[Rickdogg44]

My dkng calls should be decent at open

I'm worried it's a danny ainge on growth stocks. Probably a good day to buy put ... im thinking zoom and snowflake

 

[CrimsonTider]

Earnings report.

In the case of AMC it is important because the fear was bankruptcy at a time and uncertainty of them making it through the pandemic.

They now have enough cash to make it through 2022 regardless of how fast the world gets back to “normal” If things get going sooner than later then they have enough cash to pay off their debt.

They borrowed most of the money.

It didn’t come from customers

like @dora_da_destroyer said. Their business is weak. AMC is trying to survive

1. .
   Interest expense. Interest expense increased $7.7 million to $9.7 million for the three months ended March 31, 2021 compared to $2.0 million during the three months ended March 31, 2020 primarily due to:
   
   ● the issuance of £140.0 million and €296.0 million 10.75%/11.25%/PIK Term Loans due 2023 on February 19, 2021,
   
   partially offset by:
   
   ● the repayment of £89.7 million and €12.8

2. 
   if this borrowing was being used to invest in the company then that’s great but it’s being used to keep the lights on

 

[MeachTheMonster]

They borrowed most of the money.

It didn’t come from customers

like @dora_da_destroyer said. Their business is weak. AMC is trying to survive

They didn’t borrow the money.

I wish y’all would either research the stuff you are saying or just be quiet about it.

 

[CrimsonTider]

They didn’t borrow the money.

I wish y’all would either research the stuff you are saying or just be quiet about it.

you only get cash from selling something or borrowing it

we know AMC wasn’t selling movies tickets or snacks

.
Cash Flows from Financing Activities


Cash flows provided by financing activities, as reflected in the condensed consolidated statements of cash flows, were $854.7 million and $312.4 million during the three months ended March 31, 2021 and March 31, 2020, respectively. The increase in cash flows from financing activities during the three months ended March 31, 2021 was primarily due to the borrowings under the Odeon Term Loan Facility of $534.3 million, the issuance of First Lien Toggle Notes due 2026 of $100.0 million, and net proceeds from the sale of Class A common stock of $581.6 million, partially offset by the repayments under the revolving credit facilities of $335.0 million, payment for deferred financing costs of $19.0 million, and principal payments under the Term Loan due 2026 of $5.0 million.

During the three months ended March 31, 2020, cash inflows from financing activities included borrowings under our revolving credit facilities were $325.1 million, partially offset by principal payments under the Term Loan due 2026 of $5.0 million. During the three months ended March 31, 2020, we paid dividends and dividend equivalents of $4.3 million. The following is a summary of dividends declared to stockholders:

 

[Starski]

Yeh. TLT good. My CSP gonna expire worthless. Wonder if I should buy and do CC ...

Bruh faded all the way back down

 

[MeachTheMonster]

you only get cash from selling something or borrowing it

we know AMC wasn’t selling movies tickets or snacks

Did you even read what you posted??

They sold 600 mill in stock.

They also repaid about 400 mill in debt.


Like I said, I don’t know what it is that makes y’all jump at something weird and negative to say.

Just don’t say anything if you are gonna say some nonsense

 

[K-Deini]

I'm worried it's a danny ainge on growth stocks. Probably a good day to buy put ... im thinking zoom and snowflake

I'm getting out at open for this exact reason lol

 

[CrimsonTider]

Did you even read what you posted??

They sold 600 mill in stock.

They also repaid about 400 mill in debt.


Like I said, I don’t know what it is that makes y’all jump at something weird and negative to say.

Just don’t say anything if you are gonna say some nonsense

they borrowed 534 million on a term loan due 2025

they issued toggle notes for 100 million

they didn’t sell any stock. They had 600 million in convertible notes that they converted into stock so they didn’t have to repay.


We don’t have to get this technical because we both know. AMC doesn’t have a billion dollars from selling popcorn and Mortal Kombat tickets

.
Interest expense. Interest expense increased $80.0 million to $162.8 million for the three months ended March 31, 2021 compared to $82.8 million during the three months ended March 31, 2020 primarily due to:

● the issuance of $500 million of 10.5% First Lien Notes due 2025 on April 24, 2020;
● borrowings under revolving credit facilities of approximately $325.1 million during the three months ended March 31, 2020 that remained outstanding until February and March 2021;
● the issuance of $300 million of 10.5% First Lien Notes due 2026 on July 31, 2020;
● the issuance of $100 million of 15%/17% Cash/PIK/Toggle First Lien Notes due 2026 on January 15, 2021;
● the conversion of $600.0 million 2.95% Convertible Notes due 2026 to 44,422,860 Class A common shares on January 27, 2021 that resulted in the write-off to interest expense of $70.0 million of unamortized discount and deferred charges at the date of conversion following the guidance in ASC 815-15-40-1: and
● the issuance of £140.0 million and €296.0 million 10.75%/11.25%/PIK Term Loans due 2023 on February 19, 2021,

partially offset by:

● a reduction in the effective interest rate from 6.37% to 4.46% on $2,017.5 million aggregate principal amount of our senior subordinated notes exchanged for $1,462.3 million aggregate principal amount of second lien notes on July 31, 2020;
● the extinguishment of $104.5 million of Second Lien Notes due 2026 on December 14, 2020 in exchange for common shares;
● the repayment of £89.7 million and €12.8 million outstanding amounts under the Odeon revolver on February 19, 2021;
● a decline in interest rates related to borrowings under the Senior Secured Term Loan due 2026; and
● the repayment in March 2021 of $212.2 million under the Senior Secured Revolving Credit Facility.

 

[Master Teacher]

Where does @Master Teacher get that billion dollar in cash number from

edit: it’s from the 10q


Cash is not a reason to be optimistic about any company

I just stated facts I'm not asking you to invest in the company

don't invest

 

[MeachTheMonster]

We don’t have to get this technical because we both know. AMC doesn’t have a billion dollars from selling popcorn and Mortal Kombat tickets

“net proceeds from the sale of Class A common stock of $581.6 million”

You nikkas are weirdos straight up. This ain’t stanning your favorite rapper or some shyt.

I’ll just stop cause this shyt pointless.

 

[old pig]

AMC doesn’t have a billion dollars from selling popcorn and Mortal Kombat tickets

LOL!

 

[CrimsonTider]

“net proceeds from the sale of Class A common stock of $581.6 million”

You nikkas are weirdos straight up. This ain’t stanning your favorite rapper or some shyt.

I’ll just stop cause this shyt pointless.

. the conversion of $600.0 million 2.95% Convertible Notes due 2026 to 44,422,860 Class A common shares on January 27, 2021 that resulted in the write-off to interest expense of $70.0 million of unamortized discount and deferred charges at the date of conversion following the guidance in ASC 815-15-40-1: and

If a company owes 580 million that can be converted to stock....

if and when the conversion happens the company no longer has to pay back that loan and it’s seen as cash received for the issuance of stock

.Convertible Notes. On January 27, 2021, affiliates of Silver Lake and certain co-investors (collectively, the “Noteholders”) elected to convert (the “Conversion”) all $600.0 million principal amount of our Convertible Notes due 2026 into shares of our Class A common stock at a conversion price of $13.51 per share. The Conversion settled on January 29, 2021 and resulted in the issuance of 44,422,860 shares of our Class A common stock to the Noteholders. The Conversion reduced our first-lien indebtedness by $600.0 million. Pursuant to the Stock Repurchase and Cancellation Agreement with Dalian Wanda Group Co., Ltd. (“Wanda”) dated as of September 14, 2018, 5,666,000 shares of our Class B common stock held by Wanda were forfeited and cancelled in connection with the Conversion.

13.51 a share for their 600 million that AMC owed them

 

[keon]

im about to tighten up my portfolio because i have too many small shares in probably everything that has been mentioned in this thread

what would be the top 5 stocks to keep for long term investments only?