Passionate defense of AMC, a company whose stock price has tanked by more than 50% since Jan 1, 2017. ::eyeroll:: Operating income was still just 2% of revenue

Passionate defense of AMC, a company whose stock price has tanked by more than 50% since Jan 1, 2017. ::eyeroll:: Operating income was still just 2% of revenue last year. 2018-Q1 was strong but if ticket sales continue their downward trend, will they even make an operating profit? They have more screens than ever to fill, while variety -- the number of films in wide release -- is also trending downwards. The $310m of tax-related expenses in Q4 must be countered against the gain in the other 3 quarters. Annual "income tax provision" was only $154M for the year. Earnings before income tax were still -333 million. The Q4 "loss" is essentially the reduced ability to take future write-offs ("deferred income tax assets"), since the corporate tax rate was just slashed. Meaning, executive management failed to maximize the value of deferred taxes, when rates were higher. You seem to believe no MoviePass subscribers are buying snacks. Surely there are abusers of the system, and subscribers' average spend may be lower than the general public's, but more butts in seats does result in more concession sales. Do you have evidence otherwise? Let me know when AMC's subscription is out, and it has 2.5 million subscribers. Will it be as awesome as Cinemark's Movie Club? $8.99 for 1 whole movie ticket?