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Tag: Mark Jones

Contrarian Calls, Revisited: AMC

On a very early episode of this podcast (its fourth, actually), Mark Jones of Pragmatic Capital made the bullish case for AMC’s stock.

At the time of the recording, May 2019, AMC had been in the doldrums for some time over concerns with its debt. It was trading around $15 per share after suffering for years. “I like contrarian situations,” Jones said.

Disappointing numbers at the box office were hurting the stock. But Jones considered this to be a temporary trend as the box office is cyclical in nature. “If you want to understand AMC’s success, you have to understand the dynamics of the box office.”

Citing data from, Jones anticipated better days ahead for the box office. This was partly due to the quantity and quality of movies released by major studios. Both were diminished with Disney (DIS) releasing 50% fewer movies in 2017. With more films slated for release in 2019 and 2020, it stood to reason that box office numbers would improve — and AMC’s stock with it.

His price target for AMC was “in the low $30s.”

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Season 1, Episode 4: AMC, GOGO Present an Opportunity

With Mark Jones of Pragmatic Capital

Shares of AMC Entertainment Holdings (AMC) and Gogo Inc. (GOGO) have been beaten down pretty badly in recent years. But there is a lot that the market is missing, says this week’s guest, Mark Jones of Pragmatic Capital.

What’s been ailing AMC (2:40), why the cyclicality of the movie business (5:00) and Disney’s production schedule (6:52) will help its cause. Jones’s price target for AMC (9:20) and his research methods (16:30).

The case for Gogo (23:25), the backlog of demand (27:00) and his price target (30:08).

Not intended as investment advice.

Stocks mentioned on this podcast: AMC Entertainment Holdings (AMC), Gogo Inc. (GOGO)

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