... and more than anything else... we want KODACHROME.
... and more than anything else... we want KODACHROME.Noooooo!
We want someone else to make it for us.
And we want it CHEAP.
And we want it GOOD.
And we want to BITCH about it.
And we want it to LAST FOREVER.
And we don’t have anything to do with it.
That’s what we want.
It probably has to do with "Building 38" ...
What is happening to the kodak debt that was due in January. I am waiting for some sort of announcement.
Kodak Alaris sell various products. Out of our range they make themselves RA-4 papers in their own plant (another one they closed). Film is tollmade by Kodak (Eastman Kodak) for them.Then Kodak Alaris is worth nothing because it has no product to sell.
I've been wondering for several months what the future holds for Kodak. With their financial situation in question, how can they produce film even if there is significant demand? Creditors will demand liquidation of the company. Then Kodak Alaris is worth nothing because it has no product to sell.
The Kodak Pension Plan is the historic plan - the one that benefits the past employees of Kodak Limited, which was the UK subsidiary of Eastman Kodak.IDK but in the linked to article it says "The KPP2 pension fund currently has a deficit of £1.5bil ($2.7 bil)..."
so it must mean they are loosing £ .
... According to the article, the photographic part of Kodak Alaris had sales of approximately $175 million - one quarter of total sales of $700 million - in 2017.
A business with that level of sales is probably worth more than $34 million.
I'm not sure that going back to Kodak would be such a bad thing. As you have observed Kodak has floundered as a corporation. It's not inconceivable that Kodak could spinoff the "building 38 folks" and keep Alaris key distribution, sales, etc folks and form a public or private enterprise . Don't forget that private equity firms hold a lot of Kodak stock. Maybe April 1st may not be a Fool's Day after all.I'm not going to pretend like I can read financial reports with any authority, but they have stated that they are profitable.
Let's say that PPF is sold off to a company who will do great with it, all the manufacturing of the film it's self is made by Eastman Kodak... That's really quite scary. EK is a bloated, slowly sinking barge. They have paid off some 200 million in debt in the past few years but are still not profitable right now. Even if we survive this sale, what could happen in the next few years? All of Kodak's film offerings are lashed to a boat anchor. In a dream world, PPF would be sold off to a film company like Ilford or ADOX and the Kodak film manufacturing would be spun off to safety as it's own entity. I'd imagine it would be better for tax reasons to not be just one company.
It's quite worrisome, I was hoping not to have to worry about all this for another decade at least. Losing color film would be a huge loss, but I would still be shooting b&w. With Tetenal's future uncertain and them making all of Ilford's chemicals it could all go south very quickly.
It's only value is as a starting point. Instead of business as usual. Need to find a product that every person on the planet can warm up to. That's what George Eastman did, that's what Henry Ford did , Edwin Land, Steve Jobs...Was reading this yesterday in the news, i think the price is cheap TBH
Here's the link to Kodak Alaris annual reports. Shows what is going on. Color negative paper sales are way off. Alaris is dumping the PPF (paper, photochemicals, and film) clearly for Alaris there's a better way to use the capital to support the retirement fund.
https://www.kodakalaris.com/company/financials
It would make the most sense for it to go back to EK but who knows? Could be someone who wants to sell Kodachrome brand soft drinks
Sounds like the Asian market is being served by others, at the same the market for cnp, is shrinking dramatically . Alaris is hanging onto it's dry print kiosks, they are just getting out of AgX.Ok, so Alaris couldn’t sell bulk rolls with a huge premium to a crowd that they thought was stupid (is there any other way to say it?).
What was that about?
Both firms have overcapacity respectively are build up for small production from the start. Why acquire a further plant (PPF business)? More so a plant for a market that so far was not theirs and that is shrinking. Keep in mind the most modern RA-4 paper plant went for scrap metal already about 15 years ago.In a dream world, PPF would be sold off to a film company like Ilford or ADOX and the Kodak film manufacturing would be spun off to safety as it's own entity.
Sounds like the Asian market is being served by others, at the same the market for cnp, is shrinking dramatically . Alaris is hanging onto it's dry print kiosks, they are just getting out of AgX.
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