Reported 1 day ago
Alicia Reese, the only AMC bull on Wall Street and vice president of equity research at Wedbush Securities, explains AMC's recent positive performance driven by higher theater attendance and an expanded IMAX presence. She highlights AMC's strategies, including premium offerings and loyalty programs, which enhance revenue per attendee. While attendance may not reach pre-pandemic peaks, Reese believes AMC's EBITDA can increase due to improved efficiency and customer spending, making the stock more appealing for institutional investors again.
Source: YAHOO