This meme stock phenomenon fascinates me not only because of the sheer monster returns that they are generating but also the fact that much elevated stock prices seem to be staying! GameStop was at ~$15/share in Dec 2020. By end of Jan 2021, it rallied to almost $350/share. That’s 20+x…
Category: Retail
AMC Entertainment epitomizes the latest wave of the meme stock phenomenon. Now it is retreating. What to do now? Before we concern ourselves with the monster returns that we may be missing or enjoying, let’s first dial back to the good old fundamentals. Industry and Financial Statement Details First started…