*massive bong hit* what if fading brick and mortar retailers sell enough treasury stock at monster Reddit-driven valuations to capitalize modernizing projects that shore up long term viability?
Apparently it was the $60 billion private equity fund Silver Lake that indulged in some enthusiasm over the Reddit rally, possibly saving the future of movies in the process.
I’m guessing they’re probably feeling pretty sore at RobinHood et al. today. https://www.wsj.com/articles/silver-lake-converts-amc-debt-to-equity-as-cinema-chains-stock-price-soars-11611842367
I’m guessing they’re probably feeling pretty sore at RobinHood et al. today. https://www.wsj.com/articles/silver-lake-converts-amc-debt-to-equity-as-cinema-chains-stock-price-soars-11611842367
Also possible, ofc, that Silver Lake converted and then got right out of the position before AMC fell back down by 50% and they’re happy as clams rn with a $200m+ gain.