Top Tweets for #IStandWithAA

Wednesday's interest rate cut by the Federal Reserve of 50 basis points should save AMC about $10 million of interest expense per annum, giving us an extra $10 million or so of cash savings each year. This is such very good and much welcomed news for AMC. Ka-ching, ka-ching! No one has a perfect crystal ball that can accurately predict the Fed's future rate actions, but wouldn’t it be helpful for AMC if the Fed would continue to reduce interest rates by another 25, 50, 75, 100, 125, 150 (or more???) basis points in the near term future. Each such 25 basis point Fed rate reduction could save AMC another approximately $5 million of cash interest expense per year as well. Here’s hoping there will be many more rate reductions ahead.