Three-Stock Lunch: CarMax, AMC and Kraft Heinz

03:54pm, Thursday, 22'nd Dec 2022
Scott Nations, Nations Indexes president and CEO, joins 'Power Lunch' to discuss Nation's investing take on three stocks: CarMax, AMC and Kraft Heinz.
AMC Entertainment Holdings, Inc. dropped a bomb this morning. The company announced a debt exchange, a capital raise, and a potential shareholder vote on convertibility of APE shares into AMC stock.
AMC Entertainment Holdings, Inc AMC gapped down a whopping 22% to start Thursday's trading session after announcing an equity capital raise and a debt for equity exchange.
AMC Entertainment raised $110 million of equity through the sale of APE units to existing debtholder Antara Capital, who will also exchange $100 million of debt for more APE units.
"They've taken on a lot of debt and it's the only way to survive," said Thomas Hayes, chairman and managing member of Great Hill Capital.
Shares of AMC Entertainment Holdings Inc (NYSE: AMC) opened about 25% down this morning after the cinema chain revealed plans of raising new equity.
AMC Entertainment needs the cash because it hasn't seen a profitable quarter since June 2019, when measured by net income.
AMC said it intends to raise new capital through the sale of AMC Preferred Equity Units to private investment firm Antara Capital.
A proposed reverse stock split fueled the latest loss for AMC, which is down about 95% from its June 2021 peak.
Shares of AMC Entertainment Holdings Inc. AMC, +4.33% plunged 20.6% toward 22-month lows, after the movie theater operator announced a $110 million equity capital raise and said it was seeking a 1-for
AMC Entertainment 's stock fell swiftly on Thursday after the company announced a new $110 million capital raise and a proposed reverse stock split that will require shareholder approval.

AMC Up 1.1% as Firm Abandons Cineworld Acquisition

10:23pm, Wednesday, 21'st Dec 2022
US cinema chain AMC Entertainment said it did not reach an agreement to acquire some of the now-bankrupt rival Cineworld's assets, Reuters reported.
AMC Entertainment said in a filing discussions it had with Cineworld lenders about potentially buying some of the rival chain's theaters "are not continuing."
Movie-theater chain AMC Entertainment Holdings Inc. on Wednesday said talks to acquire some theaters run by ailing rival Cineworld Group have ended, after discussing the matter with Cineworld's lender
AMC Entertainment discussed a potential acquisition of Cineworld assets with some of that firm's lenders. The discussions centered on certain theater assets in the United States and Europe owned by ba
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