Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[MTG#10]

The meme gods giveth, the meme gods taketh away

[MTG#10]

BBBY...ouch

[Hog's Gone Fishin]

bought 10 more at 49 plan to sell them at 490

[MTG#10]

BB volume 200 mil already

[epitome1170]

Originally Posted by lewdog

Bye AMC!

It's bouncing

[Hog's Gone Fishin]

Nothing has changed . The 11 million shares are not new.

[KChiefs1]

Originally Posted by lewdog

Bye AMC!

Buy AMC!

[Hog's Gone Fishin]

Originally Posted by KChiefs1

Buy AMC!

It's gotta be nerve racking knowing for every dollar the stock moves your balance moves by $16,400

I'd hate to be you!

Wait, I mean't to say I WISH I WERE YOU!

[KChiefs1]

Originally Posted by Hog's Gone Fishin

It's gotta be nerve racking knowing for every dollar the stock moves your balance moves by $16,400

I'd hate to be you!

Wait, I mean't to say I WISH I WERE YOU!

It’s very difficult when you know it drops that thousands of dollars are on the line. I’m conservative anyway & my inner voice is telling me to sell but I know there are dips every now & then.

I’m on the edge that’s for damn sure.

[MTG#10]

****...

[TwistedChief]

Originally Posted by MTG#10

AMC diluted and ****ed its shareholders yet again, starting to tank. That CEO is a slimeball.

Are they really ****ing their long term shareholders by doing a capital raise at artificially high valuations?

I don't understand.

Have you taken a corporate finance class? When the cost of issuing equity is cheap and the cost of debt is expensive, you absolutely issue equity, buy back debt, and delever your enterprise.

The retail community is giving the company a gift.

[kstater]

Originally Posted by TwistedChief

Are they really ****ing their long term shareholders by doing a capital raise at artificially high valuations?



I don't understand.



Have you taken a corporate finance class? When the cost of issuing equity is cheap and the cost of debt is expensive, you absolutely issue equity, buy back debt, and delever your enterprise.



The retail community is giving the company a gift.

It's almost as if they're a shit run company that was hemorrhaging.

Sent from my Pixel 4 using Tapatalk

[MTG#10]

Originally Posted by TwistedChief

Are they really ****ing their long term shareholders by doing a capital raise at artificially high valuations?

I don't understand.

Have you taken a corporate finance class? When the cost of issuing equity is cheap and the cost of debt is expensive, you absolutely issue equity, buy back debt, and delever your enterprise.

The retail community is giving the company a gift.

I understand it's smart for the company. But the timing is shit, especially after he promised no more dilution during the rest of the calendar year. The constant dilution coupled with the huge bonuses handed out to the top brass is what originally soured me on the stock. But supposedly this was actually done in April before the share dilution promise was made.

[Buehler445]

Originally Posted by TwistedChief

Are they really ****ing their long term shareholders by doing a capital raise at artificially high valuations?

I don't understand.

Have you taken a corporate finance class? When the cost of issuing equity is cheap and the cost of debt is expensive, you absolutely issue equity, buy back debt, and delever your enterprise.

The retail community is giving the company a gift.

Absolutely. It's a brilliant move that they actually have the balls to execute.

However, I read (I think, it was a quick skim) that they're planning on leveraging that money to buy out new theater leases. Presumably trying to buy out marketshare for the recovery rather than pay down debt. Gotta give them credit for being bold. Not sure I'd do it, but it's a bold strategy.

[TwistedChief]

Originally Posted by MTG#10

I understand it's smart for the company. But the timing is shit, especially after he promised no more dilution during the rest of the calendar year. The constant dilution coupled with the huge bonuses handed out to the top brass is what originally soured me on the stock. But apparently this was actually done in April before the share dilution promise was made.

Regardless of what the guy may have promised (or more likely indicated as an intention), when the market moves like it has, no rational person would assume that it's some binding commitment.

I don't follow this stuff at all as it's just to the point of complete ridiculousness, but I read the below this morning:

The company “highlights first and foremost in their disclosures that the proceeds would be used for debt reduction, a change from recent disclosures which focused on acquisitions,” they said.

AMC’s bonds were among the top gainers in the U.S. high-yield market on Thursday, setting fresh highs. Its second-lien bonds due 2026 rose 1.5 cents on the dollar to a new high of 99, according to Trace bonds trading data. AMC’s senior subordinated notes due 2025 also rose 1.75 cents to 81.75.

AMC “had an unsustainable debt level and is chipping away by issuing equity, said Michael Pachter of Wedbush Securities in an email. “I think that’s smart to ensure that they remain healthy so they can thrive as things return to normal.”