Don't Buy AMC Theatres Stock Until These 3 Things Happen

Movie theater operator AMC Entertainment Holdings (NYSE: AMC) has been riding a spectacular roller coaster in 2020. The stock is trading 59% below its 52-week highs even after bouncing 163% higher from the market bottom in March. The company expects to open some theaters in mid-July and the rest before the start of August, but AMC isn't collecting any revenue at all in the meantime.

If you're itching to pick up AMC shares at these low prices, I would suggest that you take a breather and wait until the three events listed below have taken place. Spoiler alert: It won't be easy, and I really don't expect AMC to stay in business much longer.

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Source Fool.com