![]() It's indicated by the annual revenue growth rates, with Q2 revenue of $1.17 billion. So what do we see? For starters, we see a significant bounce back in admissions to movie theatres since the height of the pandemic, with $651 million tickets sold in the second quarter of 2022 (represented in millions as $651 in the release). ![]() To simplify, we reformatted the financial statements using excel and added some additional information such as profit margin percentages and growth rates. We will briefly reference pre-pandemic numbers for comparisons. We could obviously go back further, but eight provides a good amount of data to understand the path the company is on - from the depths of the Covid-19 pandemic though the gradual reopening. We'll begin our AMC analysis by taking a look at the last eight income statements from the company. In this Part 5 case study, we can apply some of what we covered in Part 1 : The income statement Part 2 : The balance sheet Part 3 : Cash flow analysis and Part 4 : The ratios. But our intention is to take a cold, hard look at the financials to determine the worthiness of AMC stock as an investment because, just like on "Mad Money," we are not about friends - and Aron has been on "Mad Money" many times - we're about making money. Perhaps, it's the nostalgia of going to movie theaters or maybe it's AMC's charismatic CEO, Adam Aron. Our pick is the highly controversial meme stock AMC Entertainment (AMC). ![]() However, we think it's helpful to also take a look at a company that has a shaky financial position. Throughout our series on reading financial statements, we've used earnings reports from Apple (AAPL) for a reason: The tech giant has one of the most bulletproof financial positions in the world.
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