AMC Entertainment: Weakening Consumer Demand May Be Final Nail In Coffin

Marti157900Going back to 2020, I have had a bearish outlook on AMC Entertainment (NYSE:AMC). In my view, the company's core issues were growing rapidly in the years before 2020 but were greatly exacerbated that year. Of course, from an investment standpoint, it eventually came out ahead as it gained so much "meme stock" traction that its equity value rose enough that it sold shares and raised significant capital. The company has worked hard at burning that capital since, seeing its working capital fall  ...