AMC stock could have a happy ending, Barron’s says

AMC Entertainment has been making headlines again thanks to the return of meme-stock fever, which has helped shares gain 80% since the end of April, Emily Dattilo writes in this week’s edition of Barron’s. That gain, though, doesn’t capture the precarious position the company is in. Sales have been falling this year, the result of a slate of films that has failed to excite moviegoers following the actors’ strike. AMC also is struggling under a debt load that is too big-and coming due too soon-for a company its size, the author notes. The path forward is fraught, but there is a path, says the publication. Despite its troubles, AMC has been gaining market share, while the return of the meme-stock trade has given it the ability to sell stock and raise funds without taking on more debt.