华尔街财经阅读 (英文版)

财经阅读:AMC - 2021.6.3


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Welcometo Wall Street Business Read, bring you the biggest stock market news aroundthe world, I am Ted Zhang, it is June 3rd, enjoy the show!


Today.We are going to talk about AMC Shareholder’s new perk.


Well,gentlemen, turns out all it takes for a company to double its stock price is tooffer its shareholders(股权持有人)some free popcorn. All the management teams out therefocused on driving shareholder returns should take notes.


June2rd, AMC Entertainment Holdings unveiled a new program it calls "AMCInvestor Connect," which promises to put its shareholders in directcontact with the theater chain's management and grant them special offers inthe future. AMC said that it has a shareholder base of over 3 million retailinvestors(散户), who together own more than 80% of the company。


Here'sCEO Adam Aron in a statement today:


“Many of our investors havedemonstrated(展现) support and confidence(自信心) in AMC. We intend to communicate often withthese investors, and from time to time provide them with special benefits atour theaters. We start with a free large popcorn on us, when they attend theirfirst movie at an AMC theater this summer.”


AMCstock finished at $62 today, up 95% from yesterday's close of $32. The sharespeaked at $72 today—up some 127%—and were briefly halted(暂停) due to volatility(波动).That's up from the stock's $9 a share less than a month ago, and about $2 inearly January. AMC now has a market value of roughly $31 billion.


Interestingly,retailer investors seem to have more thoughtful reactions on the news. On theAMC Stock Reddit forum, some commentators didn’t want to take money away from AMCby taking free popcorn. One user offered a solution: 'Get the free popcorn andwith that money buy chicken tenders(炸鸡柳),' they wrote. 'Support the company and senda message.'


Whateverthat message may be, AMC has seen tangible benefits from its meme-driven rallyin recent months. The company has sold hundreds of millions of dollars ofstock, enabling it to recapitalize its balance sheet and weather the pandemic-forcedclosure of its theaters. And as June 3rd pre-market, AMC announced it is goingto sell another 11.5 million shares to the public. That's worth a lot of freepopcorn.

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华尔街财经阅读 (英文版)By TedTalk