Jim Chanos Is Long AMC Entertainment Stock, Short APE: Why He Expects The Spread To ''Collapse''
Kynikos Associates founder and famed short seller Jim Chanos is still holding AMC Preferred Equity Units (NYSE: APE ) as part of an arbitrage play. What To Know: The legendary short seller believes the preferred shares should be trading at the same price as AMC Entertainment Holdings Inc (NYSE: AMC ). "We are still long the spread … it''s silly. They are the same piece of paper ultimately," Chanos said Wednesday at CNBC''s Delivering Alpha Investor Summit. AMC declared ... Full story available on Benzinga.com
Jim Chanos Is Long AMC Entertainment Stock, Short APE: Why He Expects The Spread To ''Collapse''
Kynikos Associates founder and famed short seller Jim Chanos is still holding AMC Preferred Equity Units (NYSE: APE ) as part of an arbitrage play. What To Know: The legendary short seller believes the preferred shares should be trading at the same price as AMC Entertainment Holdings Inc (NYSE: AMC ). "We are still long the spread … it''s silly. They are the same piece of paper ultimately," Chanos said Wednesday at CNBC''s Delivering Alpha Investor Summit. AMC declared ... Full story available on Benzinga.com