News for hackers. Stuff that matters.

A comment on ‘Meme stock’ rally rescues AMC theaters from $600M debt. Parent comment

Re:‘Meme stock’ rally rescues AMC theaters from $600M debt by MichaelBurge on Sunday January 31, 2021 @12:43AM (#25976373)
How do we know it was a bailout? Maybe they just raised extra money to take advantage of a volatile market.
[ Parent | on HN ]
Re:‘Meme stock’ rally rescues AMC theaters from $600M debt by zephyr-wind on Sunday January 31, 2021 @12:45AM (#25976388)
Of course, we don't know for sure. But it's strange to sell off future revenue shares for capital today when you can simply double-down using leverage.. unless they ran into their margin limit.
[ Parent | on HN ]
Re:‘Meme stock’ rally rescues AMC theaters from $600M debt by zephyr-wind on Sunday January 31, 2021 @12:44AM (#25976375)
Word on the street has that Melvin is down 80% YTD, some other L/S funds 20-30%.
[ Parent | on HN ]