I don't want to over-romanticize WSB, but this all seems fairly wholesome and even old-fashioned.
A hoard of like-minded investors put a lot of money into AMC because they felt it was under-valued and with a little push could ride out the pandemic. Now that it's on the rebound, they're not immediately cashing out with their short-term gains, instead they're encouraging the company to avoid wall street games like stock issuance and instead focus on organic growth as the economy recovers.
We were warned they were going to take down whole markets, but at this point they seem like agents of stability.
(Yes, I understand I may be giving the lads way too much credit here, but one can hope.)
A hoard of like-minded investors put a lot of money into AMC because they felt it was under-valued and with a little push could ride out the pandemic. Now that it's on the rebound, they're not immediately cashing out with their short-term gains, instead they're encouraging the company to avoid wall street games like stock issuance and instead focus on organic growth as the economy recovers.
We were warned they were going to take down whole markets, but at this point they seem like agents of stability.
(Yes, I understand I may be giving the lads way too much credit here, but one can hope.)