Seeking Alpha
2021-11-08 22:53:04

AMC call: Pursuing popcorn and dogecoin; CEO will diversify stock

AMC Entertainment (NYSE:AMC) has turned lower during a conference call, down 5% in the wake of its third-quarter earnings - which showed both the gains made from a year ago, when theaters were closed, and the distance to travel to get back to 2019 reality. On the company's earnings call (ongoing), CEO Adam Aron is giving a pointed shout out to the retail army that's largely behind the stock's year-to-date gain of 1,867%. Turning to strategy for the road ahead, Aron says they're doing all in their power to bring the company back as moviegoers knew it pre-pandemic. "You don't drive a car by looking only in the small rear-view mirror and only ponder where you've been," he says. "You look to the much larger front windshield." "When some have looked at AMC they've made the mistake of only looking back to the company we once were pre-pandemic," he continues, but they don't

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