Many on Wall Street are betting against AMC Entertainment. Its stock has plunged 75%, erasing nearly $3 billion in market cap.
- What factors are hurting AMC sales numbers?
- Over what period has AMC the drop in sales?
- What has happened to the theater chain’s free cash flow and debt?
Sullivan, C. and A. Morrell. (2020). Wall Street is betting AMC is in a downward spiral. Business Insider.com, Feb. 17 (Retrievable online at https://www.businessinsider.com/amc-entertainment-stock-price-drop-ceo-adam-aron-silver-lake-2020-2)