Forget AMC: Here Are 2 Better Post-Pandemic Stocks
AMC Entertainment Holdings (NYSE: AMC) closed its theaters during the pandemic and lost billions. But that didn't stop it from becoming one of the best-performing stocks year to date. A group of investors on Reddit flocked to the shares, helping to drive them up more than 2,000%. At the same time, AMC issued more shares to raise much-needed cash.
But the situation remains grim. Investors aren't thrilled about the share dilution. AMC's debt stands at more than $5 billion -- its highest ever. The company reported a $4.5 billion loss last year. Looking ahead, a post-pandemic world should help AMC.
But the company's fortunes won't improve overnight. AMC faces the challenges of drawing movie-goers back to theaters and paying hundreds of millions in deferred rent payments. The shares look extremely expensive considering all of this. That's why I would forget about AMC and instead opt for the following two companies. They'll give you growth -- and won't keep you up at night.
Source Fool.com
