"Breaking Bad" has been a boon for anyone who owns stock in
AMC Networks (Nasdaq: AMCX)
The finale of the hit show about a high school chemistry
teacher turned drug kingpin drew 10.3 million viewers Sunday
night - a record for the cable network AMC. Buzz surrounding the
Breaking Bad finale pushed AMC stock up 3.5% in the last
Now that AMC's signature show is over, however, what happens
to the stock from here?
Let's take a quick look at the stock's fundamentals:
Current Share Price: $68.94
Market Cap: $5 billion
Trailing P/E: 20
Forward P/E: 17.6
Profit Margin: 17%
Those are pretty solid numbers, especially when you consider
that AMC stock is already up more than 34% year to date. But how
much of that bump was fueled by Breaking Bad?
Not much, it appears. AMC shares have actually fallen
since peaking at $71 on August 7. The Breaking Bad finale gave
the stock a nice late push, but AMC is only up 4.5% in the last
And AMC's success wasn't predicated on one show. "Mad Men" and
"Walking Dead" are other wildly popular, award-winning dramas
that air on AMC. In fact, the Walking Dead premiere last October
drew more viewers - 10.9 million - than the Breaking Bad finale
The next season of Walking Dead premieres (fittingly) on
Halloween, so that could give the stock a nice bump. Last year's
mid-October premiere gave the stock a 14% bump in 10 days.
Breaking Bad was undoubtedly a major part of AMC's primetime
lineup. But the network is not a one-trick pony.
Just because its signature show is dead, it doesn't mean the
stock is too.