Great News for AMC: Operating Cash Flow Could Be Positive in Q4
AMC Entertainment Group (NYSE: AMC) continues making progress in its recovery from the adverse effects of the coronavirus pandemic. The company generates most of its revenue by bringing people together in large theaters to watch films. It all came to a halt at the pandemic onset when its theaters temporarily shut down to the public.
Fortunately, through prudent financial management, AMC survived the worst of the pandemic and strengthened the business one step at a time. Vaccines against COVID-19 are becoming more widely available, making people more comfortable visiting movie theaters. The trend, if it continues, could turn AMC's operating cash flow positive.
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Source Fool.com
