Where Will AMC Entertainment Be in 1 Year?
For the few short weeks in early summer when it looked like the spread of the coronavirus contagion was slowing down, an investor could have given AMC Entertainment Holdings (NYSE: AMC) the benefit of the doubt. With the pandemic heating up again, though, it's likely there's little hope left for the theater chain. The fact that rival theater chain Cineworld (OTC: CNNW.F) is simply shuttering until further notice only underscores the industry's woes.
It's not just locally mandated shutdowns and social distancing concerns that will crush AMC, however. The film-making industry is mostly mothballed as well, leaving movie theaters without enough blockbusters to turn things around. It could take months to refill the movie pipeline with new flicks after it's safe to resume filming. AMC Entertainment just doesn't have the time.
Image source: Getty Images.
Source Fool.com
