AMC stock: AMC: Stock Remains Of Minimal Value As It Attempts To Avoid Bankruptcy

 Here is the link. 

• AMC's attendance is estimated down around -94% for December and -91% for January.
• It is making progress raising capital, but probably needs to raise $500 million to survive until May, with cash burn estimated at $125 million per month still.
• AMC's stock has minimal intrinsic value even if it survives.  AMC's projected net debt at the end of 2021 is more than its total enterprise value from February 2020.
• Junior debt is also likely to have limited value in a restructuring scenario, although the junior debt's potential is far better than its stock if AMC can avoid restructuring.
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