An update on the movie business from AMC
https://www.cnn.com/2020/06/03/media/amc-theatres-business-coronavirus/index.html
https://www.cnn.com/2020/06/03/media/amc-theatres-business-coronavirus/index.html
Living in the Kansas City area AMC like Sprint & Cerner are local business' to me. Sprint has had its ups & many downs over the years but Cerner just keeps growing. AMC did well & was solid until the pandemic. There are of course different types of bankruptcies & hopefully it could restructure & still survive. If not I see the theater spaces as valuable property & move in ready for another chain to buy. The AMC name has value & there's a chance it could be bought & survive a bankruptcy.An update on the movie business from AMC
https://www.cnn.com/2020/06/03/media/amc-theatres-business-coronavirus/index.html
Frankly, I'm shocked to hear lately how many huge corporations have been operating on such thin margins that something like this economic turn-down basically ruins them.
Now, I'm no business man but one thing I've learned is you always have something set aside for a rainy day.
Now, I'm no business man but one thing I've learned is you always have something set aside for a rainy day.
Its a lot easier running a small business, you donāt need much to keep you going. Those big companies need millions set aside and as you point out many donāt have spare cash.
Shows how overvalued the sharemarkets are though.
The stock market is reacting to what it believes the economy will be like in a year from now (always looking forward), it's like a giant Gambling hall.Ah, yes, Homer, that DISCONNECT between Wall Street and Main Street. The market has been overvalued for years and if one connects the dots, have NO idea what Wall Street is celebrating. Rampant unemployment, the US government writing out Trillion dollar bailouts which have yet to reach the small businesses and an uncertain future [NO VACCINE .... NO FUTURE] points to a non~reality which boggles the mind.
And mind you, a LOT of small business do operate paycheck to paycheck...as do a VERY large percentage of individuals, so YES, any interruption in revenue could have serious consequences.
Another update:An update on the movie business from AMC
https://www.cnn.com/2020/06/03/media/amc-theatres-business-coronavirus/index.html
Enter your email address to join: