AMC Makes Huge Strides Putting the Business on Sustainable Footing
It might feel like a distant memory, but roughly two years ago, AMC Entertainment Group (NYSE: AMC) was forced to close all of its theaters to the public, devastating the business.
AMC burned through hundreds of millions of dollars each quarter and was in grave danger of running out of cash, but it raised much-needed capital through multiple debt and equity offerings. Thankfully, with effective COVID-19 vaccines rolling out worldwide, people are venturing back to movie theaters. As a result, the company is making significant strides in getting itself on sound footing again.
Image source: Getty Images.
Source Fool.com
