AMC Thinks It Has Enough Cash to Survive Until July -- And Maybe Longer
One month ago, AMC Entertainment (NYSE: AMC) -- and rival movie theater chains Cineworld and Regal, too, for that matter -- closed their doors amid the coronavirus pandemic. For the past 30 days, these companies have all been essentially revenue-less, and operating on the good graces of the government (from which they've requested a bailout), their landlords (to whom they're not paying rent), and their bankers (from whom they're taking out massive loans).
Will all of this be enough to keep the movie theaters from going under?
Image source: Getty Images.
Source Fool.com
