Back in the day, farmers sometimes had to slam their mules between the eyes with a 2X4 to get their attention. Alas, that treatment is being administered to the Fed heads on practically a daily basis by the stock market gamblers, yet these stubborn inflation-deniers pay no attention at all. In fact, they keep insisting there is no inflation problem, when a virulent monetary inflation thunders all around, and insist that no material financial asset bubbles are visible, when we are in the midst of the most unhinged speculative manias of all time. For want of doubt, consider the 118% … Continue reading →
Shares of AMC closed the week over 40% higher
The area just below $12.00 will continue to act as a major target for buyers going forward
AMC Entertainment (NYSE: AMC) stock survived another wild week after WSB investors returned to trigger a second wave of frantic buying.
Fundamental analysis: CEO Adam Aron Receives a $3.75M bonus
AMC Entertainment awarded its chief executive Adam Aron with a $3.75 million bonus during a period when the theater chain dismissed a number of employees and was forced to close cinemas amid the coronavirus pandemic.
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AMC Chief Adam Aron Gets $3.75 Million Bonus
Brent Lang, provided by
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AMC Entertainment CEO Adam Aron received a $3.75 million bonus at a time when many of the company’s employees have been laid off and several of its theaters are closed due to COVID-19, according to public filings.
It’s been a grueling period for the world’s largest theater chain, one that has seen its cinemas shuttered indefinitely or operating at reduced capacity for much of the last 12 months as the coronavirus pandemic raged. AMC Entertainment, which was heavily leveraged heading into the pandemic, was believed to be on the verge of bankruptcy. However, Aron and his team were able to renegotiate the company’s substantial debt at several points and AMC now says it has raised enough capital to keep itself operational through the winter. AMC Entertainment piled on debt in recent years as it outfitted locations with enhanced seating and purchased competitors such as Carmike Cinemas a