3 Reasons I Bought AMC Stock This Month
You're shaking your head, aren't you? Hear me out.
Overview
It's the headline I never thought I'd write: Yes, I'm now an AMC Entertainment (NYSE: AMC) shareholder. It's a small position in my portfolio, reflecting my hesitant, skeptical conviction. And I'm fully aware of how ridiculous it seems to anyone who has done due diligence on the country's largest multiplex operator.
This is a stock that has cratered, split-adjusted, by 99.5% over the past five years. AMC has brutally diluted its shareholders, flooding its share count -- again, split-adjusted -- roughly fiftyfold since the end of 2019. CEO Adam Aron has somehow survived through the deluge.
Details
I see the red flags. But I also see the green shoots. Most of my fellow Fools will disagree with me, and I respect that. Still, here are my three reasons for becoming an AMC shareholder earlier this month.
Source
Originally published at www.fool.com.