Credit Suisse shares are now worth less than AMC shares and mainstream media is nowhere in sight urging investors to sell the bank’s stock.
On the contrary, the bank is predicting AMC shares are headed towards 95 cents per share and claims shareholders of the movie theatre chain company should sell.
And CNBC is giving the claim a platform.
Credit Suisse (CS) is currently trading at $3.95, AMC Entertainment (AMC) at $6.50, or $8.59 combined with APE.
Retail investors are baffled by the claims and by the lack of media coverage surrounding the bank’s recent decline in share prices.
Now the beloved movie theatre chain is being used as a scapegoat and target to what many investors are suggesting could be a conflict of interest between the declining bank and mainstream media.
The bank had a massive loss in Q3 of $4.09 billion and is scurrying for ways to revive their lost fortunes, per Investopedia.
AMC Entertainment on the other hand has beat earnings expectations every quarter since the beginning of 2021 when retail investors backed the company in an attempt to squeeze short sellers.
The company has been reducing its debt and increasing its value through a series of innovative and fundamental strategies such as the acquisition of several new movie theatre locations, the introduction of NFTs and cryptocurrency payment, and now the collaboration with online streaming platform giant Netflix.
The movie theatre chain recently partnered with Disney to offer Disney+ customers with exclusive perks such as special screenings at AMC movie theatres.
Is AMC Entertainment a sell?
Value investors would tell you otherwise.
InvestorPlace says now is the time to buy AMC stock as the company has come down dramatically from its all-time high.
But I’m curious to know what you think.
Leave your thoughts in the comment section below.
Also Read: AMC's Social Media Move is A Sleeping Giant
You Can Follow Me On: Twitter | Facebook | Instagram
ape hodl i bought at 6 and 64 and buying more at 6 i frgot how tah sell
Hello Frank, I continue to buy and maintain, but I feel disoriented, my compass is you and I would like you to continue guiding us, orienting us, perspectives from your point of view (flight to the moon), updating us on how our AMC action is going, you are my guide.
Its a buy and hold to buy more and hold again.In the past I have sold a few due to lack of funds but im holding all I have now. I actually bought a share of CS as a reference to my AMC and APE and of course buying other fav equities. Finally GOOG, AMZN and META came back to earth.I missed NETFLIX when it went down.
If my unloyal company hadn’t laid me off it would be buy, buy, buy.
Let’s start a discussion! Leave your thoughts below.