Comfort Systems USA Inc
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Industrials : Construction & Engineering | Small Cap Growth
Company profile

Comfort Systems USA, Inc. provides mechanical and electrical contracting services. The Company operates through two segments: mechanical and electrical. The Company’s mechanical segment principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, monitoring and fire protection. The segment also installs connecting and distribution elements, such as piping and ducting. Its electrical segment includes installation and servicing of electrical systems. The Company builds, installs, maintains, repairs and replaces mechanical, electrical and plumbing (MEP) systems throughout its approximately 41 operating units with 169 locations in 126 cities throughout the United States. The Company operates primarily in the commercial, industrial and institutional MEP markets and perform most of its services in industrial, healthcare, education, office, technology, retail and government facilities.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$118.06
Day's Change
-1.09 (-0.91%)
Bid
--
Ask
--
B/A Size
--
Day's High
121.00
Day's Low
118.03
Volume
(Average)
Volume:
138,610

10-day average volume:
145,244
138,610

AMC, APEs, lead meme stock rally. CEO Adam Aron says AMC will still accept crypto

9:20 am ET November 14, 2022 (MarketWatch)
Print

By James Rogers

AMC and the company's AMC Preferred Equity Units continued their rally, with double-digit gains premarket

AMC Entertainment Holdings Inc. and the company's AMC Preferred Equity Units continued their rally before opening bell on Monday, climbing 12.2% and 11.2%, respectively.

Fellow meme stock GameStop Corp.'s (GME) stock rose 2.3% before opening bell, after ending Friday's session up 4.9%. However, after initially rising, Bed Bath & Beyond Inc.'s (BBBY) stock reversed course to fall 6.6%, after gaining 1.8% during Friday's session.

Movie theater chain and meme stock darling AMC (AMC) reported its 12 consecutive quarterly loss last week, sending the company's stock falling 7.7% last Wednesday. However, AMC shares rallied since then, and have soared 38.7% in the last two days. The APEs climbed 23.8% the past two days.

Also read: AMC stock soars again after big 'Black Panther: Wakanda Forever' opening, but Cinemark and Imax shares fall

During an interview with Yahoo! Finance on Friday, AMC Chief Executive Adam Aron said that the company will still accept cryptocurrencies, despite the crash that has followed the collapse of FTX, the world's third-largest cryptocurrency exchange. "We are not taking cryptocurrency risk," he said, in the interview. "We convert it into dollars almost immediately as soon as we take the crypto. So we are going to continue to do it. We know that amongst our shareholder base it's a popular decision."

Last year AMC announced that it would accept bitcoin for online ticket and concession purchases, and subsequently expanded its acceptance of cryptocurrencies.

During the interview, Aron also discussed the possibility of picking up struggling theater operators' locations at "bargain basement prices." The CEO pointed to AMC's liquidity, which could enable the company to pick up "more very fine locations."

See: AMC stock tumbles after reporting 12th consecutive quarterly loss

AMC ended its recent third quarter with just under $895.8 million of liquidity. "We will use it to continue to grow but also to continue to de-lever," said Aron during a conference call to discuss the results last week.

On Monday AMC also said that more than 4.9 million people went to its theaters over the Thursday-to-Sunday weekend, marking the fourth-highest attended weekend of the year. Weekend box office performance was lifted by Marvel's "Black Panther: Wakanda Forever," the company said.

The company's stock has fallen 56.9% this year, outpacing the S&P 500 index's decline of 16.2%.

See Now: AMC should avoid 'distractions' like credit cards, popcorn and dive deeper into IMAX, says analyst

In a tweet on Friday, fellow meme stock GameStop said that it is winding down its short-lived relationship and pilot gift card marketing partnership with FTX. The videogame retailer said it will be providing full refunds to impacted customers.

GameStop announced the partnership with FTX in September. The deal made GameStop FTX's preferred retail partner in the U.S.

The videogame retailer's stock has fallen 29.6% in 2022.

-James Rogers

	

(END) Dow Jones Newswires

November 14, 2022 09:20 ET (14:20 GMT)

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