It's Over.....WB to send their entire 2021 movie slate to HBO Max same day as theaters

King Kai

Supporter
Joined
Mar 18, 2014
Messages
11,137
Reputation
5,839
Daps
62,909
giphy.gif
 

winb83

52 Years Young
Supporter
Joined
May 28, 2012
Messages
46,109
Reputation
3,904
Daps
69,850
Reppin
Michigan
Increased my position on AMC stock after this news caused their stock to tank a bit.

Now I wait :shaq:
AMC was sounding like it was gonna go under. They have like $11 billion in total debt and $600ish million in cash on-hand. Current liabilities (due in the next 360 days) are $1.5 billion. The free cash flow burns like $385 million a quarter.

They will have to start dismantling their business by selling assets to pay that debt or finance more debt which makes matters worse.

What could you have possibly seen to make you want to buy their stock? Looking at the books it's a disaster and they have about 2 quarters of cash left before they'll be forced to file for bankruptcy protection or worse.
 

humminbird

Veteran
Joined
Nov 18, 2016
Messages
44,909
Reputation
8,967
Daps
185,137
AMC was sounding like it was gonna go under. They have like $11 billion in total debt and $600ish million in cash on-hand. Current liabilities (due in the next 360 days) are $1.5 billion. The free cash flow burns like $385 million a quarter.

They will have to start dismantling their business by selling assets to pay that debt or finance more debt which makes matters worse.

What could you have possibly seen to make you want to buy their stock? Looking at the books it's a disaster and they have about 2 quarters of cash left before they'll be forced to file for bankruptcy protection or worse.
There’s still a chance I have some holdings in amc just in case they get bought
But it’s also 1 month away from bankruptcy
So I have a put just in case
Winning today
 

Brandeezy

Superstar
Joined
May 11, 2012
Messages
20,259
Reputation
2,804
Daps
56,680
Reppin
East ATL
Joined
May 1, 2012
Messages
185,156
Reputation
23,917
Daps
601,382
Reppin
49ers..Braves..Celtics
I want to see the reduced budget end of it. Cause now you’re asking actors and writers and directors to take reduced salaries as well. Then they’ll ask for more on the backend (whatever the hell the backend looks like) which will continue to eat into studio profits and that’s not a game the studios want to get into

Breh the music business had to fall back. You got rappers out here making pennies on the dollar compared to what they used to. That's why they wanna go independent. Will an actor take a pay cut but still make millions or will they risk going indie? I think I know the answer to that..
 
Top