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Everything posted by md11fr8dawg

  1. This article (Boeing, GM & FedEx) is written by the biggest flaming Libaturd (Robert Reich) that "claims" to be an expert on finance and politics. Instead he is an ass clown who hates America and believes in Socialism.
  2. Don't get that confused caddieman, Trump said it, "Ole Joe" DID it. So let's not talk virtue of one guy and conveniently leave out the other guy. Fairness Brother, Fairness. Something the Rats DO NOT possess!!
  3. Funny caddieman, that's what I do when I hear your boz Biden's name everytime!
  4. CL, thanks for the article. Maybe we don't need to worry about Russia or China sending a nuc into space and detonating it to cause an EMP event on our country. Maybe the world has become so demented, conceited and sinful that God will take care of this with the largest solar flare EVER! Just pontificating, but something to consider!
  5. And sooner than later it has zero cred, which is where it is now. People are tired of crooks getting caught with their hand in the cookie jar and then screaming racism. Total
  6. cranman, I don't know if Biden has the nuc codes or not, don't know if Trump has them or not, but then I must ask, do you believe the treasonous General Mealy Mouth Milley was going to give the Chi Coms a "heads up" if our President decided to attack them??
  7. I agree with all of you. I'm here to stay until I reach that generational wealth we all seek. Just thought I would let everyone see what the scumbags are saying in their newsletters as they try to get you to spend mega bucks on their less than average newsletters.
  8. Once your Father is buried and you take some time to mourn, my hope for you would be that everytime you think of him it brings a smile to your face and a warmth to your heart for the life he lead and the memories you have of him. We will ALL have to answer when the roll is called up yonder!
  9. Here's a turd for the punchbowl. Trying hard to make us sell! AMC: Oh When The 'Apes' Go Marching In Aug. 26, 2022 12:54 PM ETAMC Entertainment Holdings, Inc. (AMC), APEAHT, CNNWF55 Comments7 Likes Summary AMC's cash burn remains high as retail investors pin their hopes on conspiracy theories bearing fruit. APE issuance is a brilliant move and coupled with a smokescreen of "growth," could help the badly needed capital raise. We look at how to play this. Looking for a helping hand in the market? Members of Conservative Income Portfolio get exclusive ideas and guidance to navigate any climate. Learn More » ThomasVogel/iStock via Getty Images When the Apes go marching in... Oh, When the Apes go marching in... How I want to be in that Short Squeeze... When the Apes go marching in... Source: The Good Old Days Of 2021 When we last covered AMC Entertainment Holdings Inc. (NYSE:AMC) we were clear on the outlook for this stock. While we did not expect an immediate demise, the longer-term outlook was far from sanguine. AMC will make it through 2022. The extent of the cash burn in 2022 will be critical to assess whether we can make the same statement for 2023. Credit markets are still remarkably sanguine but any tightness there and you can rest assured that refinancing the 2023-2026 debt loads will tip the company over. We remain bearish and look for the stock to visit its intrinsic value in the low single-digits. Source: Good To The Last Drop Today, we examine the changed fundamental landscape as AMC has thrown in a rather unusual preferred share equity, AMC Entertainment Holdings, Inc. PFD EQT UNIT (NYSE:APE) into the mix. First A Look At That Cash Burn The good news for AMC was that the numbers look far better than what we saw in 2021. Net loss for the first six months came in at just $458.3 million. AMC 10-Q AMC burnt through almost half a billion in cash in the first six months of this year, which again was substantially better than last year. AMC 10-Q Even this burn rate number is so bizarre in the context of the fact that the company's market capitalization in January 2020, prior to COVID-19 was just $700 million. AMC Market Cap data by YCharts Despite a rather robust box office turnout, AMC is hemorrhaging. With $1.2 billion of current assets and just $962 million of cash AMC has between 12-18 months before things fall apart. Enter The APE The APE issuance was met with a boatload of confusion and its first day trading was all over the place with a 100% trading range off the low price. Stock Charts Since then prices have stabilized, but distressingly for the shareholders of AMC and APE, AMC share prices continue to drop. APE data by YCharts How should investors make sense of this? We will look at this through the lens of what APE shares are and what we think the rationale behind this move is. The first is a pure set of facts and extremely easy to decipher. APE shares are very similar to AMC shares and this is based on what the company itself says about them. AMC AMC has also answered a bunch of questions on the shares and we present the three most relevant points in our opinion. How many AMC Preferred Equity units are there? Theoretically, over the lifetime of the security, the maximum number of AMC Preferred Equity units that could be authorized over time is up to 5 billion (based on a total number of authorized preferred stock of 50 million). However, the AMC Board currently has only authorized the equivalent of 1 billion of these AMC Preferred Equity units that can be issued now. 516,820,595 of these 1 billion AMC Preferred Equity units are being issued this month to shareholders as a dividend. Do the AMC Preferred Equity units have voting rights? Yes, the AMC Preferred Equity units are designed to have the same voting rights as common stock. When do the AMC Preferred Equity units start trading and what will the price of the AMC Preferred Equity units be? Because the AMC Preferred Equity unit is designed to have the same economic value and voting rights as a share of common stock, in theory, the common stock and AMC Preferred Equity unit should have similar market values and the impact of the AMC Preferred Equity unit dividend should be similar to a 2/1 stock split. An investor owning one share of common stock on Aug. 19, 2022, will hold one share of common stock and one AMC Preferred Equity unit on Aug. 22, 2022. An investor should therefore expect that the price of a standalone share of common stock logically should at least initially decline, however that investor's economic interest will be the sum of the price of a share of common stock plus the price of an APE. Source: AMC Those facts above point us to what we think is happening. There's a pseudo stock split here alongside the opening up of almost infinite dilution. Why did the company just not do a stock split instead of issuing APE shares? Stock splits have been done to reduce the price of an extremely high priced stock. In an age where you can buy 1 share or even fractional shares, stock splits are a gimmick for the most part. AMC's sub $30 price was not even qualified for that gimmick. There was no real reason for a stock split. Instead, the company is hoping for an unusual backdoor capital raise via confusion. Here's how that works. APE creation has led to multiple new conspiracy theories including the one that it is designed to force short covering by naked short sellers. That one goes something along the lines that the naked short sellers cannot produce APE shares and failure to deliver will force an epic short squeeze. Now assuming you buy into this latest groundbreaking conspiracy theory number 846, what do you do? You sell your AMC shares and buy APE shares. Fundamentally this makes sense as well. This is a stock split and the two should trade identically. Yet APE is trading far cheaper. Even Jim Chanos has endorsed a similar view and he is in favor of going long APE and Short AMC. But this plays right into what Adam Aron wants. He wants the AMC shares unloaded to "non-APES." The ones that are not hanging on to the insane idea that a company that's burning through cash at a $1 billion annualized rate is worth several fold more. He wants a confused base that finally relents to capital issuance. AMC has been locked in on 524 million total shares and that won't change unless the majority of outstanding shareholders vote to change it. AMC proposal to add 500 million shares in May 2021, was eventually withdrawn after investors objected. However, this new AMC loophole of issuing an entirely new class of shares, has a higher probability of success. To add to the confusion, there is the additional idea thrown in that AMC wants to grow by buying cinemas off Cineworld (OTCPK:CNNWF). Aron, for his part, has forcefully pushed back on dilution concerns, pointing out that the initial APE dividend does not change the ownership position for existing shareholders. He has also argued that dilution would be worth it if it helps AMC raise needed cash. "There's bad dilution and good dilution. If added liquidity gained from dilution is wasted, it's bad. However, if wisely handled, it is good. Indeed, for AMC in 2021, it was actually great for our shareholders," Aron tweeted on Aug. 6. The extra cash could be used to fund acquisitions of other theaters, pay down debt or even push into unrelated businesses, like AMC's 2021 purchase of a large stake in a gold mining company. Source: CNBC Verdict The CEO educated the retail meme community on some deep math after the listing of APE. Twitter We have a company that's bleeding cash and we are in an era of tightening liquidity. AMC still sports a $4.95 billion market capitalization and APE sports another $3.0 billion. Seeking Alpha That combined is at least $7.5 billion more than in it needs to be. Ahead of that is more than $5.4 billion of debt (ignoring operating lease liabilities). AMC's peak, pre-COVID-19 EBITDA was $1 billion. AMC EBITDA ((TTM)) data by YCharts It's hard to value this at even 6X EV to peak EBITDA let alone the implied 15X multiple today. Short interest is not too high, all things considered and we think both the AMC and APE shares are a "Strong Sell," although we could see the logic in a Long APE, Short AMC trade. The best hope in preserving any value in the equity is via a massive dilution and we would look to Ashford Hospitality Trust (AHT) as a successful model of the same. AMC Shares Outstanding data by YCharts
  10. You REALLY are living in a fantasy world if you rhink this will ever happen. I have never heard anyone from the LSM say anything close to the statement you just made.The narrative is the vacs are safe and they work and the LSM will never let the Rat party down. Not as long as Trump is still around and can or will run again.
  11. Sorry craman, many people walked away from their jobs rather than accept the Gov BS that the shots were safe and that they worked. And many service men and women told the Gov to go pound sand and left our military rather than have their personal freedom of choice violated. Terrible loss for our country, but yes it took BALLS to make those decisions when most everyone around them were pressuring and shaming them into taking the jabs. Hero? Maybe not. Big marbles, for sure! JMHO.
  12. He's already done that PP. At least with our borders and ignoring our Constitutional laws!!
  13. Got mine on TD Ameritrade. AMC dropped $7+ to 10.95 and APE shows opening at $19.
  14. There in lies the problem. That have gotten brazen now in their corruption and cheating. It's now in your face. They are like "F" you, we are gonna cheat and keep the Congress this election and what are you conservative patriots gonna do about it???
  15. I can't WAIT to hear the answer to that question. Please enlighten us caddieman!!
  16. I'm sure caddie man knew there was only ONE guy named Jim Jordon in the whole world. But when you believe the lying corrupt LSM dogs you usually end up with fleas.
  17. Hey you go Shabby, your DemoRat party ay work looking out for the people!!
  18. Oh yes, turn in the guns I have for $50/gun? Get a few hundred dollars and if I am even held up on the street I can whip out my johnson, then I can get away while they laugh themselves to death. DON"T THINK SO!!! What moron can up with that insulting number??
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