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by fairity
1937 days ago
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> AMC is trading at like a reasonable price. How so? Pre-pandemic AMC was at $7 per share, which might seem reasonable compared to the current $8 share price until you realize they diluted their shares by more than 3X during the pandemic via ATM offerings. For AMC's current valuation to match pre-pandemic levels, the share price would have to fall by ~75%. |
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