AMC is seemingly about to perform a share buyback! AMC last performed a share buyback in 2017 when debt was at very similar levels, AMC has enough cash on hand to buy back around 193m of the 200m+ shares in existence, around 90% of the float!
How crazy would that be if AMC reduced the float down to around 10m shares, but yet retail investors were still holding over 180m shares between themselves, over 18 times the float, likely even more!
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