AMC Still Has a Long Way to Go
AMC Entertainment Holdings (NYSE: AMC) did everything it had to do on Monday afternoon to live up to its end of the bargain. It posted better-than-expected quarterly results. It peppered its earnings call with all the right buzzwords, including "cryptocurrency," and a potential partnership with fellow meme-stock royalty GameStop (NYSE: GME). AMC may have even caught a break in the shift to digital home distribution.
However, even great isn't always enough for a company that has seen its stock increase nearly tenfold -- and its market cap explode almost fiftyfold -- over the past year. It's also worth a closer look to find that even some of the great news may be just good at best and possibly mediocre. Let's grab a seat. The feature presentation is about to begin.
Image source: Getty Images.
Source Fool.com
