After meeting with AMC's management, Loop Capital analyst David Miller reports that AMC "has largely fixed" the problems that caused theaters formerly owned by Carmike to underperform in 1H17. Miller quotes AMC's CEO as saying that "the non-renovated Carmike theaters are performing in line with the non-renovated AMC theaters." Miller remains skeptical as to whether premium video on demand will ever launch, and he says that AMC should benefit from easy comps in 2H17 as well as a strong movie slate for the "next five quarters." He says that the stock represents an "exceptional opportunity" for deep value investors. He keeps a $33 price target and a Buy rating on the shares.