OT: Stock trading

[casual-yardin]

They sold for a huge loss. But the shares were bought up today.

Wanda spent $700 million to buy AMC in 2012, and the company said it has doubled its money. Wanda started selling AMC shares in December and has accelerated those sales this year as the Reddit-fueled frenzy continued to drive debt-laden AMC’s share price higher.

AMC and Wanda’s Unlikely Happy Ending

Wanda’s AMC acquisition has finally paid off. That mostly comes down to luck though—the deal still looks mostly like a cautionary tale of overreach and political risk.

www.wsj.com

 

[the Q]

Wanda spent $700 million to buy AMC in 2012, and the company said it has doubled its money. Wanda started selling AMC shares in December and has accelerated those sales this year as the Reddit-fueled frenzy continued to drive debt-laden AMC’s share price higher.

AMC and Wanda’s Unlikely Happy Ending

Wanda’s AMC acquisition has finally paid off. That mostly comes down to luck though—the deal still looks mostly like a cautionary tale of overreach and political risk.

www.wsj.com

Another company who should’ve issued more sales during the nonsense to raise more capital for that debt

 

[Da_Aisijimo_Gou]

They sold for a huge loss. But the shares were bought up today.

No doubt the timing of Wanda selling now on their 2012 AMC investment is interesting, yet why now? Was it really a loss for Wanda? No operational profits since 2012? Wanda sold all but the remaining 1% of its’ AMC shares at a $14 avg b/tw 5/13-18, higher than shares volleyed back and forth today at lower prices ($13.68 close, $13.80 AG).

 

[Da_Aisijimo_Gou]

Thinking of grabbing FUBO and Volkswagen. Which Volkswagen symbol do you guys recommend?

No recommendation regarding VW’s voting ADR VWAGY vs preferred ADR VWAPY, yet each ran up nicely since Oct.

Porsche Auto Holdings POAHY offers a related alternative for consideration to reap possible VW and partner auto brand upside potential. Lower book value; debt yet minuscule interest rate. Plus, wouldn’t you rather own a Porsche, Bugatti, Lamborghini ...

 

[UconnFanNVa]

Any opinions on weed stocks? I got some MJ yesterday. Think it's something good to hold onto for a while?

 

[HuskyHawk]

No doubt the timing of Wanda selling now on their 2012 AMC investment is interesting, yet why now? Was it really a loss for Wanda? No operational profits since 2012? Wanda sold all but the remaining 1% of its’ AMC shares at a $14 avg b/tw 5/13-18, higher than shares volleyed back and forth today at lower prices ($13.68 close, $13.80 AG).

Seems like a crackdown from CCP on a number of companies. Certainly financial and tech. It wouldn't surprise me if that extended to AMC for political reasons.

I am interested in the future of the movie theater business. Noticed that my local Regal was being refurbished when I stopped by the plaza where it is located last weekend. Has Hollywood been holding on to some expected blockbusters waiting for everything to open full tilt? Maybe.

 

[the Q]

Seems like a crackdown from CCP on a number of companies. Certainly financial and tech. It wouldn't surprise me if that extended to AMC for political reasons.

I am interested in the future of the movie theater business. Noticed that my local Regal was being refurbished when I stopped by the plaza where it is located last weekend. Has Hollywood been holding on to some expected blockbusters waiting for everything to open full tilt? Maybe.

Wondering if they aren’t going more upscale. Recliners etc.

Gotta make it an experience to draw people back in

 

[HuskyHawk]

Wondering if they aren’t going more upscale. Recliners etc.

Gotta make it an experience to draw people back in

That is exactly what they are doing. Also upgrading sound, experience etc. Hopefully they get an alcohol license as well.

 

[the Q]

That is exactly what they are doing. Also upgrading sound, experience etc. Hopefully they get an alcohol license as well.

I am a business genius!!


(Not really but imagine me doing that to the Billy Madison “I’m the smartest man alive” actions, tone etc)

 

[CTBasketball]

No doubt the timing of Wanda selling now on their 2012 AMC investment is interesting, yet why now? Was it really a loss for Wanda? No operational profits since 2012? Wanda sold all but the remaining 1% of its’ AMC shares at a $14 avg b/tw 5/13-18, higher than shares volleyed back and forth today at lower prices ($13.68 close, $13.80 AG).

They “claim” they made 2x profits. But they’d been unloading the stock since it’s $3-5 price range in December, can’t see how they made money when they bought in fairly high.

 

[Jay-Bone]

Has Hollywood been holding on to some expected blockbusters waiting for everything to open full tilt? Maybe.

I think some big movies are getting bottle necked back. Like Bond and Dune, for example.

 

[Jay-Bone]

SNDL is up 4.20%

 

[HuskyHawk]

I am a business genius!!


(Not really but imagine me doing that to the Billy Madison “I’m the smartest man alive” actions, tone etc)

Ironically, I checked the website to see when it opens fully, and it listed RPX (new sound, video) and VIP. Looked up VIP and found a bankruptcy court lawsuit by Regal vs VIP, which is a company that upgrades theaters with those more luxurious seats etc.

I think we all know what it will take to get people back, and that is a major upgrade over watching at home on a 75" 4K TV with surround sound.

 

[the Q]

Ironically, I checked the website to see when it opens fully, and it listed RPX (new sound, video) and VIP. Looked up VIP and found a bankruptcy court lawsuit by Regal vs VIP, which is a company that upgrades theaters with those more luxurious seats etc.

I think we all know what it will take to get people back, and that is a major upgrade over watching at home on a 75" 4K TV with surround sound.

exactly why I said what I said. The home technology is so good now that streaming on your couch is just too easy.

you need a real attraction to get people in

 

[Da_Aisijimo_Gou]

They “claim” they made 2x profits. But they’d been unloading the stock since it’s $3-5 price range in December, can’t see how they made money when they bought in fairly high.

Acknowledging AMC's unfortunate pandemic performance and ongoing massive debt, just wondered whether you had any insight on Wanda's annual operational net profit (loss) derived from its' AMC stake and actual total gain/loss since 2012. Got it, whether Wanda's AMC investment actually resulted in a huge loss, possible breakeven, or maybe some profit remains TBD.

 

[Da_Aisijimo_Gou]

Seems like a crackdown from CCP on a number of companies. Certainly financial and tech. It wouldn't surprise me if that extended to AMC for political reasons.

I am interested in the future of the movie theater business. Noticed that my local Regal was being refurbished when I stopped by the plaza where it is located last weekend. Has Hollywood been holding on to some expected blockbusters waiting for everything to open full tilt? Maybe.

Unclear, Wanda's experienced the same type or similar amount of central government/regulatory scrutiny as some mainland big tech/fintech hybrids. Certainly some, yet most mainland and east Asian analysts view Wanda's AMC divestiture spurred on by the central government general push for mainland companies to pull back from western market investments. However, Wang's also viewed as being relatively close with the central party boys and less apt to rock the boat which feeds him and the families of Xi, Li, et al.

Concurrently, Wanda may not believe the AMC hype. WIth a small amount of AMC for sh|ts and giggles, it's interesting observing AMC. No impact on maintaining hedges on non-cash USD, SGD, HKD, AUD, CAD, and CHF holdings, but the latter will more than diminish any effects of the Redditors' projected massive AMC squeeze. GME to boot!

Movie theaters? No clue, not interested and haven't gone to a theater since about 2012 in HK nor recall many legitimate blockbusters in subsequent years. Typically, our Malaysian network gizmo enables viewing US films before their US launch in the comforts of home. Hope some theaters rebound for the sake of the economy, jobs when unemployment add-ons gradually end, and for people who like to go to theaters.

 

[uconntoatl]

Chainlink x Arbitrum May 28th...not long now

 

[HuskyCLT]

Whoa.

 

[uconntoatl]

Ari Juels dropping straight knowledge. Get yo link cheap while you can.

 

[Jay-Bone]

I finally got into the Link game last week on the BTC dip. Nice pump this morning. I doubled up. Thanks.

 

[Travelman6]

Ari Juels dropping straight knowledge. Get yo link cheap while you can.

I got a little. Icon, ADA, and Stellar are all steals too. Theta and Cosmos seem to have great potential too.

 

[tentoes4rings]

I finally got into the Link game last week on the BTC dip. Nice pump this morning. I doubled up. Thanks.

Beautiful. I was in disbelief when I saw LINK at 17 Sunday morning. This thing should have never been below 20 ever again. Buying anywhere sub 25 was a total gift. I bought more at 17, sold at 27 but so happy to have my original position. MATIC looking great too.

 

[Chin Diesel]

AMC up around 9% in premarket so far.

 

[CTBasketball]

AMC up around 9% in premarket so far.

Over 200M in volume yesterday, 50% of which was short, which mathematically cannot happen due to the utilization. I find it hilarious how stupid these hedge fund managers think we are.

 

[J187Money]

exactly why I said what I said. The home technology is so good now that streaming on your couch is just too easy.

you need a real attraction to get people in

The new chairs, etc - are a draw. My fam and I love going to the movies. Just isn't the same at home - unless I go buy movie theatre chairs.