AMC Stock Continues to be Headed for Disaster. Sell Now.
AMC(AMC) Investor Place·2024-08-14 18:39
AMC Entertainment’s (NYSE:AMC) second-quarter results strongly indicate it is being badly victimized by slowing consumer spending and the continued decline of the U.S. movie theater sector. Although AMC’s financial performance could improve somewhat in the medium term, the firm still in all likelihood won’t generate the strong profits needed to stave off eventual disaster for investors.Disaster is the most likely outcome for shareholders because the company’s balance sheet continues to be in atrocious shape ...