AMC Stock Is Hungry for a Big Hit
The past two months have been quiet at the local multiplex. At the start of this third quarter, AMC Entertainment Holdings' (NYSE: AMC) box office receipts were looking promising, but since then, they've faded fast. And unfortunately for shareholders, that's not the only thing that hasn't been going AMC's way.
The country's leading movie theater chain has whiffed with big strategic moves. Its decisions to invest in a fledgling gold miner and distribute preferred shares to its investors have failed to sustain their initial hype. Like a studio after a string of duds, AMC itself is in real need of a hit. Thankfully for the exhibitor and its millions of retail investors, help could be on the way.
Image source: Getty Images.
Source Fool.com
