AMC Entertainment vs. Imax: Which Movie Theater Stock Is a Better Buy?
StockNews
Published May 25, 2021 02:54PM ET
Updated May 25, 2021 03:31PM ET
AMC Entertainment vs. Imax: Which Movie Theater Stock Is a Better Buy?
AMC Entertainment (NYSE:AMC) and IMAX (NYSE:IMAX) have been hurt amid the COVID-19 pandemic. While one is grappling with high debt levels, the other is racing towards profitability making it a better recovery stock right now. Read more to learn which one.The vaccination rollout in the U.S. gained pace over the last few months making recovery stocks a strong bet for contrarian and value investors. Companies in the movie theater segment were decimated amid the COVID-19 pandemic as economic lockdowns were imposed and entertainment avenues shut down.
However, in April 2021, ticket sales for stateside exhibitors were close to $190 million, which was the best month since March 2020. Alternatively, the bears might argue that ticket sales in April 2018 and 2019 topped $1 billion, which means the recovery in entertainment stocks might be subdued and painful.
Keeping this in mind, let’s take a look at two stocks in the movie industry- AMC Entertainment (AMC) and IMAX (IMAX) to analyze which is a better buy right now.
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