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AMC chance to break-even on cash flow

Long
NYSE:AMC   AMC Entertainment
AMC quarter revenue $444 million vs an estimate of $382 million,

adjusted loss per share $0.71 cents vs The Street expecting a loss per share of $0.93

Consolidated attendance was 22.1 million for Q2 compared to 100,000 year over year

But the real great news is that AMC has now the chance to break-even on cash flow!

They are burning less cash!

My target is the 40usd resistance.


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