2 Ways AMC Can Bounce Back After Its Crash
AMC Entertainment Holdings (NYSE: AMC) has fallen out of favor with investors. The company was part of the meme stock frenzy of 2021, which saw it garner mass popularity among retail investors.
The stock has fizzled without their continued buying, falling 80% off its high. That said, AMC has an opportunity to bounce back if it can return to profitability and use the proceeds to pay down debt. Here are two steps for a rebound:
In its most recent quarter, which ended March 31, AMC reported $337 million in losses on the bottom line. That was despite revenue rising more than fivefold from the same quarter in the prior year, when -- through no fault of its own -- it was forced to shut down all its theaters temporarily due to the COVID-19 outbreak. It was a devastation it is still trying to recover from.
Source Fool.com
