Jim Cramer on AMC Entertainment: "I Wouldn't Buy AMC Stock"

AMC Entertainment Holdings, Inc. (NYSE:AMC) is one of the stocks Jim Cramer weighed in on. Cramer discussed the stock in light of its latest analyst coverage, as he remarked:

“Wedbush just upgraded AMC last week. AMC, yeah, lowly worm precisely because it’s got so much IMAX exposure, something that can help the movie theater chain defend its market share… That said, the analyst acknowledged that, ‘They do not see substantial growth in 2025, 2026, or beyond for AMC.’ Personally, I wouldn’t buy AMC stock. It’s a money loser with a hideous balance sheet. Again, the movie theater business is in bad shape with the exception of IMAX, which is why AMC stock is down over 40% for the past 12 months while IMAX is up more than 60%.”

AMC Entertainment (NYSE:AMC) operates movie theaters and is involved in the theatrical exhibition business, offering film screenings and related services through its owned and affiliated locations. During an April episode, when a caller asked if the stock would get back to pre-COVID growth, Cramer replied:

“No, the answer is that they should have reorganized by now, and they haven’t. They have way too much debt. I want you to stay away from that one.”

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Disclosure: None. This article is originally published at Insider Monkey.