AMC Entertainment Holdings, Inc. (AMC) Did Right By Raising Capital, Says Jim Cramer

We recently published 11 Stocks That Jim Cramer Recently Talked About. AMC Entertainment Holdings, Inc. (NYSE:AMC) is one of the stocks Jim Cramer recently discussed.

Any discussion of meme stocks would be incomplete without AMC Entertainment Holdings, Inc. (NYSE:AMC), and this was also the case during the show. The shares have lost 22% year-to-date as the firm has failed to convince investors about any potential turnaround. Cramer’s previous comments about the firm have discussed its balance sheet and advised viewers against buying the shares. This time, he commented on AMC Entertainment Holdings, Inc. (NYSE:AMC) in the context of his advice to Kohl’s to use the recent share price gains to issue stock and clean up the balance sheet:

“Yeah Adam Aron, he had a really good call there, to be able to raise some capital. He saved the chain. He also sold some stock. By the way he said he was selling it for estate purposes. And who am I to say that it’s not? We don’t know why people sell stock. That’s what he said.”

Pixabay/Public Domain

In his earlier comments about AMC Entertainment Holdings, Inc. (NYSE:AMC), Cramer discussed the firm’s finances:

“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%.”

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