Quote:
Originally Posted by Buehler445
That’s interesting. If AMC is leveraging a short squeeze to sell treasury stock, and they manage to time it right, that’s fairly brilliant.
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It's great if all of this can keep AMC around losing money for more years as I like going to the theater.
The question is why would a private equity firm want to buy? Pre-pandemic AMC was selling for $2-6 in 2020 with under 100 million outstanding shares w/ 5 Billion in LT debt. Now it has 450 million outstanding shares still w/ 5 billion in LT debt and they bought at 27/share!? Bizarre..