$AMC Entertainment (AMC.US)$ anyone know when AA can buy ba...
$AMC Entertainment(AMC.US$ anyone know when AA can buy back ?
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FANCY PANTS : Why would they do a share offering, adding more shares to the float to raise capital, just to spend money to buy those shares back?
It ain't gonna happen.
Angel Castro8OP : I mean they have money they could buy back and make money on the way up.
EthiCapitalist Angel Castro8OP: they have less than $700 million in cash on hand and in this economy, it doesn't go as far as it used to. so no, AMC buying back shares that Citadel can create with the touch of a button is not on the table right now.
Biden2024 Angel Castro8OP: You might want to read literally any analyst DD on this company if you don’t know how to read a balance sheet. That money is needed to keep the company afloat since they’re haemorrhaging money. There’s a reason why the lenders are asking for a debt extension.