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AMC - Recovery Of Reading International Is Only Just Getting Started
AMC Entertainment Holdings Inc. Class A
Despite the adverse effects on the cinema business, Reading International Inc. comes out of the pandemic in reasonable shape.
Lucrative property sales transactions saved the day. At the end of Q1 2021, there was enough cash available to leave all concerns behind and focus on the future.
While challenges remain for cinema operators, mainly related to streaming alternatives, there's little doubt in my mind that the recovery of Reading International Inc. has only just started.