Quote (Nwotmik @ Nov 8 2021 06:36pm)
its really baffling to me that people are so galvanized to invest into things that have no intrinsic value just because people gather on a forum and beat their chests about it
AMC has a market cap of 23 billion dollars right now at 45 per share while their income statement shows debt on the year
are people suddenly going to start going to the movies at rates 10x that of the 2000s or 2010s?
I suppose the other alternative is that this upswing has long term sustainability because the masses really want to hold onto their AMC in their retirement portfolios
the more likely scenario, I believe, is eventually some whales grow tired of AMC and dump an ocean of red on the little guys still bag holding
This post was edited by SSBBWGiantessLover on Nov 8 2021 07:21pm