Adam Aron used this earnings call to reiterate to the shareholders and the world that AMC Ent. is BACK and stronger than ever. AMC Stock was said to be a stock headed to the ground, and an industry to closely follow before the retail investors “The Apes” truly saved the company and took the short sellers straight on last year. Those making dire negative predictions about the company’s survivability “gravely underestimated AMC,” Adam Aron says, and it’s a “simple matter of facts: They were wrong, they were wrong, they were wrong.” The mainstream media was set on the narrative that the AMC, and the movie theater industry as a whole was set for doom as new streaming services were popping up all over in 2020. But with even a single example such as the recent Spider man No way Home being the third highest grossing movie ever, paints a completely different picture for AMC and the entire industry.
BULLISH CATALYST FOR AMC STOCK MOVING FORWARD
- AMC’s unique NFT income
- Crypto currency implementation
- Live sporting events showed at the theaters to drive more revenue
- Popcorn income
- AMC Merch
- Ticket sales
- Concession sales
- 90% retail ownership
$1.8 BILLION DOLLARS IN LIQUIDTY
Adam Aron continues to give credit for the way the company is currently sitting to the Apes, the AMC shareholders who have been holding and Buying AMC stock for over a year now. “Our shareholders have armed us with $1.8 billion … there may be creative ways to raise even more money,” Adam Aron said. $1.8 billion dollars to use to stay on the offense and continue to scale and grow the company long into the future.
RETAIL OWNS 90% OF THE FLOAT
Retail investors have known for A fact that they are the largest piece of the pie when it comes to overall ownership for AMC stock. Adam Aron said that “Excluding index funds, he says, retail investors would seem to own some 90% of issued shares”: “Retail owns the float.” This was a huge relief to retail investors and confirmed the idea that there is some funny business going on with AMC stock.
AMC Q4 EARNINGS FACTS
- Average money spent per customer $19.63 25.5% higher than pre-pandemic
- Reduced deferred rent – down 159M to 315M Popcorn rollout
- AMC sells 50 tons of it on a “good day”
- Expanding crypto to Doge and Shiba Inu Co-Branded Credit Cards
- Retail owns 90% of the float
- 4th quarter had positive cash flow 160 million, up 47 million Best quarter in 2 years
- Record setting 1.8 billion liquidity 2021
- Opened 30 new locations
- Expect new locations to be more profitable
- 60 million guests at AMC Q4
- NFT Future plans
- Stable business model