This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

[video] AMC Entertainment Holdings Stock Pops on IPO

The video this transcript is based on appeared on December 18.

NEW YORK ( TheStreet) -- AMC Entertainment Holdings shares are trading higher after pricing its IPO at $18 at the New York Stock Exchange.

Debra Borchardt:
AMC just went public today, the stock priced at $18, it is already trading higher. Joining me now is the CEO Gerry Lopez. So, one thing I wanted to ask you about AMC is the, you know, the profits and losses over the past few years have been very uneven. Is there a way that you can smooth that out going forward, or is it just really dependent on the movies you get.

Gerry Lopez:
No, with the movies obviously play a huge role, there's no escaping the fact that the number one reason people come to our buildings is to enjoy a movie; however, we think that with some of the innovations that we've introduced over the last couple years, that choppiness gets to be a lot smoother going forward. Part of the reason for the jumping is as it would be investing in the innovation and that requires a lot of up-front capital investment which we are making, continuing to make and anticipate it will continue over the next few years but a the idea scape get traction as a number buildings were we are deploying the ideas grows bigger, as they, our loyalty program gets the whole greater numbers of people, we think the path forward is bright.

Debra Borchardt:
Well I was gonna say, one of the big things of course is that they're adding these new reclining chairs and you have to see this folks because, boy, I mean look at me, I am relaxed and that's...

Gerry Lopez:
Going to go with, it's there but that's a comfort. Our strategic imperative year is to provide you with comfort and convenience and these chairs are all about that comfort and convenience, making them available in more of buildings, more of our markets, installing them in locations were perhaps I can now serve you a glass of wine or a glass beer and maybe even dinner. Now the concept of people enjoying their evening out - their entire evening out, not just a movie - with us it's really one of the underpinnings of the work that we're trying to do.

Debra Borchardt:
Well, he brought up food and that's another big thing that they're going to be doing is the whole dine-in theater process, improving the food quality and so that people really, instead of going to a dinner and a movie, they're going to a dinner at the movie.

Gerry Lopez:
Yes that a general idea. It was very obvious to us as we looked at the entire package, the entire experience that we were providing our guests, that we missed a couple of things. The concession stand for the last 25 years really had not had a lot of improvement, not any significant movement. When you look at the magic of making a movie and you see that technology and how far we've come on that front, to then not have kept pace in the experience in the building in the food and beverage options that we offer, struggles as a big opportunity.

Debra Borchardt:
Well, their IPO ha s worked out pretty good so far this morning as well, like I said they priced today at $18 and moved higher, that is the CEO of AMC Gerry Lopez and I'm Debra Borchardt with TheStreet.

Written by Debra Borchardt in New York.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $132.54 0.88%
FB $80.54 0.07%
GOOG $540.11 -0.44%
TSLA $247.73 0.86%
YHOO $43.48 -0.44%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs