The second quarter was a good one for the company (and for investors). That happened when AT&T spun off its cable TV and streaming and film segments. But investors can’t forget that the company cut its dividend in half just two years ago because times got tough for the telecommunications company. Dividends are essential for income investors to supplement their retirement incomes or reinvest into their portfolios to increase their overall positions.īut AT&T (NYSE: T) is damaged goods in my eyes. Ordinarily, I’d be all over a big dividend. AMC is already waving sounding alarms, with AMC CEO Adam Aron warning investors that AMC could run out of cash in 2024 or 2025 if it can’t raise equity capital. But are there enough “Barbienheimer” weekends to sustain a movie theater chain? I don’t think so.Īnd that’s even before you consider the Hollywood strikes that will slow down movie production. Most movies don’t open on a streaming service, but you can afford to wait if you’re patient.ĪMC is betting that people will be eager to go to the theater – and to its credit, both Barbie and Oppenheimer opened to huge crowds and glowing reviews. People are more inclined to watch a movie at home via a streaming service than to go to a theater and pay $50 for a seat, popcorn and drinks for a similar experience. The movie theater chain saw its stock run from less than $3 to more than $55.ĪMC is plagued by the facts of life in the 21st century. AMC Entertainment (NYSE: AMC) went along with GameStop as a meme stock favorite.
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