Jim Chanos Says AMC Entertainment’s Fundamentals Have Gotten Worse
- Earnings versus year earlier don’t tell full story, he says
- His Kynikos Associates has small put position in AMC
Jim Chanos
hotographer: David Paul Morris/Bloomberg
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The fundamentals at AMC Entertainment Holdings Inc. have deteriorated since before the Covid-19 pandemic with streaming services battering the company, short seller Jim Chanos said.
“The reality is that things have gotten worse at this company,” Chanos said in an interview on CNBC. “So clearly something has changed. And that change is streaming.” Chanos said his firm, Kynikos Associates, has a small put position in AMC representing less than 1% of its assets.