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AMC Entertainment: The Numbers Don't Add Up

·9 min read
AMC Entertainment: The Numbers Don't Add Up
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There's little question that when the curtain closes on 2021 in about three and a half months, this will be remembered as the "Year of the Retail Investor." Although video game and accessories company GameStop is responsible for starting the retail investor-driven "meme stock" craze -- meme stocks are companies lauded more for the social media buzz they create than for their underlying operating performance -- it's movie theater chain AMC Entertainment (NYSE: AMC) that's become the symbol of the retail movement. On a year-to-date basis, through this past weekend, shares of AMC were up 2,266%.