I've been to some Carmike theatres..they have some nice properties and they have some bad ones. They have enough nice ones that Anchutz who controls Regal will bid at these levels. The stock is worth WAY more than the manipulating market makers have walked this stock down to. Plain and simple.
I would not drop a cent into this stock, the stockholders have already lost 60%+ and this company underperforms over and over and are on a spiral down. Very risky move to invest at this point in my opinion, could easily drop another 20-30% in a week. This is not about the state of the industry it is about the state of Carmike, and it is not good!