AMC cinema chain issues warning to small investors
Issuing a new share sale, the firm warned investors could lose their money if they bought at current prices. …
David Trainer, chief executive of investment research firm New Constructs, said: “AMC’s business was trending in the wrong direction even prior to the Covid-19 pandemic… We think AMC’s stock is worth $0 per share, given its weak earnings, dilution from recent stock offerings and mountain of debt.”
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