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» Film-Tech Forum   » Operations   » Ground Level   » Anybody seen the price of AMC stock these days?

   
Author Topic: Anybody seen the price of AMC stock these days?
Jonathan M. Crist
Jedi Master Film Handler

Posts: 524
From: Hershey, PA, USA
Registered: Apr 2000


 - posted 07-30-2000 09:49 PM      Profile for Jonathan M. Crist   Email Jonathan M. Crist   Send New Private Message       Edit/Delete Post 
In the past couple of weeks AMC stock (which was at $32.00 a share a scant two (2) years ago)has now dropped to about the 3.00 per share level. I guess that about sums up Wall Street's view of the megaplex mania follies!

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Kevin Crawford
Expert Film Handler

Posts: 207
From: Sacramento, CA, USA
Registered: May 2000


 - posted 07-31-2000 10:30 PM      Profile for Kevin Crawford   Email Kevin Crawford   Send New Private Message       Edit/Delete Post 
GC's stock went from $32 a share to the teens. I believe $18. And they are the only company of the top five that haven't lost a pot full of money. Not to say they have not lost money, but not as much as their competitors.

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Dustin Mitchell
Phenomenal Film Handler

Posts: 1865
From: Mondovi, WI, USA
Registered: Mar 2000


 - posted 07-31-2000 11:05 PM      Profile for Dustin Mitchell   Email Dustin Mitchell   Send New Private Message       Edit/Delete Post 
Carmike is bouncing between 3 and 3 1/2 right now. You know what else? They are 473 MILLION dollars in debt, with 163 MILLION of that due in 2002. They're only making interest payments, btw.

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Joe Redifer
You need a beating today

Posts: 12859
From: Denver, Colorado
Registered: May 99


 - posted 08-01-2000 04:02 AM      Profile for Joe Redifer   Author's Homepage   Email Joe Redifer   Send New Private Message       Edit/Delete Post 
Be careful! Carmike may ask you to "loan" them 5 bucks!

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Tom Kroening
Expert Film Handler

Posts: 214
From: Janesville, WI USA
Registered: Oct 1999


 - posted 08-02-2000 02:12 AM      Profile for Tom Kroening   Email Tom Kroening   Send New Private Message       Edit/Delete Post 
I think I remember hearing somewhere that AMC is going bankrupt. Can't say anything more on the topic then that. Don't quote me on that though. Could just be one of those crazy rumors...

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Dave Cutler
Master Film Handler

Posts: 277
From: Centennial, CO
Registered: Jun 2000


 - posted 08-02-2000 10:53 AM      Profile for Dave Cutler   Email Dave Cutler   Send New Private Message       Edit/Delete Post 
There was an article in the Kansas City Star last week (July 25) about AMC's financial situation. KDP Investments states that AMC Entertainment Inc has a 25 percent chance of defaulting on it's debt. They aren't alone, the four largest theatre companies as a group have lost $340 million in their most recent fiscal years. That's Regel, Loews. AMC and Carmike.

The US is just too over populated with theatres right now and they are killing the industry. The numbers I have heard are that there should be around 28,000 screen in the US and there is more like 35,000 or 37,000 right now.

Also don't forget that United Artists has been on the verge of bankruptcy for a while now, but still continues of operate normally.


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Tom Kroening
Expert Film Handler

Posts: 214
From: Janesville, WI USA
Registered: Oct 1999


 - posted 08-02-2000 06:23 PM      Profile for Tom Kroening   Email Tom Kroening   Send New Private Message       Edit/Delete Post 
Here's my solution to the problem. When DLP comes along all the megaplexes should chop down the wall between two of their "bitch" auditoriums making one bigger one. Would reduce the number of screens ; P Or maybe if hollywood wouldn't come up with such trash!

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Jonathan M. Crist
Jedi Master Film Handler

Posts: 524
From: Hershey, PA, USA
Registered: Apr 2000


 - posted 08-03-2000 10:34 PM      Profile for Jonathan M. Crist   Email Jonathan M. Crist   Send New Private Message       Edit/Delete Post 
On Wed Aug 2 Carmike stock lost another 1.75 a share to close at $1.50 per share. The 52 week high was 15.00 a share. I certainly hope none of the employees have their 401ks in the company stock!

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Dustin Mitchell
Phenomenal Film Handler

Posts: 1865
From: Mondovi, WI, USA
Registered: Mar 2000


 - posted 08-04-2000 05:47 PM      Profile for Dustin Mitchell   Email Dustin Mitchell   Send New Private Message       Edit/Delete Post 
401k's? Who said anything about benefits?

The company should stay afloat for now. Chaeck back in January....

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