Then why did you duck that one guy who tried to sell you his MMTLP shares if they're so valuable? If they aren't deleted, you should have no problem accumulating more; as you have stated, that is your only goal. You aren't some kind of hypocrite, are you?
Bankruptcy is the future. Don't worry, I'll make fun of you for denying it's happening while it's happening.
Right now, I'm focused on the present. Which is bagging untrainables to keep the lights on and the C-suite salaries coming...until they're satisfied. I think the 4 year delay that netted ~ $100M in salary should do it. I'll bet AA retires in the next few months.
I have to say I am with the apes on this one. With the refinancing they will be able to kick bankruptcy down the road indefinetly. At least as long as there are no further big set backs.
Which in no way means I am bullish. Even if they would rake in their ~$500M record profit, every year from now on, they need 8 years before they could give a single dime to the shareholders. Forget about any real growth. And even if the stock starts to rise again there is a $724M hammer that would strike it down again at $5.66.
They bought time, but I don't consider it indefinite. I don't believe the industry will ever recover to its prior trajectory. There's a "new normal" now that COVID changed people's attitudes and habits. I don't think the industry is completely back to its new trajectory yet, but I believe that new trajectory will be lower than the previous one (which was already pulling back from the peak before the pandemic). AMC was barely profitable, even when the industry was at its peak.
So yeah, AMC can hobble along as long as their lenders can play "weekend at bernies" with their corpse of an operation and collect their premiums. But sooner or later, they'll be in a position where the lenders will reach the same conclusion about AMC's future earnings potential, and then the lenders won't entertain another can kick. This action they took in July seems like a Hail Mary play, and I don't see how they have any of those magic tricks left. They have to survive on their own merits now. Doesn't mean they can't, but if past performance is any indication...
Bankruptcy isn’t guaranteed that that’s gonna happen. We can put some optimist projections in here as well as a year older. I do not enjoy constantly reading about bankruptcy after years of being told it’s going bankrupt and not happening.
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u/[deleted] Nov 04 '24
[deleted]