Anonymous ID: 946610 April 9, 2020, 7:51 p.m. No.8741567   🗄️.is 🔗kun   >>1694

AMC Theatres "Bankruptcy Appears Likely," Analyst Says

 

MKM Partners' Eric Handler downgrades the stock to a "sell," estimating its "cash burn rate in a no-revenue environment is running at $155 million per month, which likely keeps AMC liquid until June/July."

Wall Street analysts are seeing a Chapter 11 bankruptcy filing from cinema giant AMC Theatres as increasingly likely.

 

That followed Loop Capital analyst Alan Gould's Wednesday downgrade to a "sell" in a report that concluded: "We think bankruptcy is a distinct possibility, and at a minimum, the company will require a highly-dilutive financing."

 

https://www.hollywoodreporter.com/news/amc-theatres-bankruptcy-appears-analyst-says-1289514

Anonymous ID: 946610 April 9, 2020, 7:56 p.m. No.8741629   🗄️.is 🔗kun

Army field hospital for Covid-19 surge leaves Seattle after 9 days. It never saw a patient

 

https://www.kuow.org/stories/washington-state-to-return-centurylink-field-hospital-to-feds