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(Marketwatch)   APEs sink toward new low after AMC admits they're just flinging poop   (marketwatch.com) divider line
    More: Obvious, Movie theater, AMC Theatres, AMC Entertainment Holdings Inc., Film, Stock market, current prices, morning trading Monday, Stock  
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708 clicks; posted to Business » on 26 Sep 2022 at 11:30 AM (10 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



8 Comments     (+0 »)
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2022-09-26 10:49:57 AM  
A dying theater chain is losing value?  That's really quite shocking.
 
2022-09-26 11:10:24 AM  
How do those morons have any money left to buy sh*t stocks like that?
 
2022-09-26 11:43:16 AM  
HODL! LOL!
 
2022-09-26 11:52:41 AM  
They thought they were sticking it to the hedge funds, but they were just used by AMC executives to further their own wealth.

And a bunch of hedge funds got rich too.
 
2022-09-26 1:03:55 PM  
I never thought the memelords would eat MY retirement sobs man who invested with "Memelords Eating Your Retirement LLC"
 
2022-09-26 1:40:00 PM  
APEs are now up 5.65%, which makes sense.  APEs are equivalent to regular AMC shares in every meaningful way* and should eventually convert to AMC shares, so these weird price deltas that keep happening are going to be attacked by arbitrageurs.

*The difference that causes these price deltas is that you can take option contracts on AMC shares but not on APEs and if you move the market without covering yourself, you're going to get killed.
 
2022-09-26 2:00:09 PM  
Seems like a weird time to be refinancing existing debt. Maybe do this before the Fed increased rates?
 
2022-09-26 2:00:23 PM  
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