Kodak gets loan; Stock Triples in Value!

[markjwyatt]

Congrats to those that had Kodak stock and held. A $765 government loan has rescued you.


https://www.morningstar.com/news/ma...government-loan-to-help-produce-generic-drugs

 

[Saganich]

Defense Production Act loan by executive order for chemical production for generic drugs...if it keeps TriX on the shelves...

 

[markjwyatt]

Defense Production Act loan by executive order for chemical production for generic drugs...if it keeps TriX on the shelves...

Take two generic drug tabs, a 5-pack of Tri-X, and call me in the morning.

 

[Vincent Peri]

Hmm...

Take two generic drug tabs, a 5-pack of Tri-X, and call me in the morning.

Hmm... it would take me
at least a week to shoot
a 5-pack of film...

 

[mshchem]

This seems to be a good fit for EK. Now if the Government would give Kodak the money to buy the film division from Alaris we would be doing great. There are a lot of very talented people that can make generic drug ingredients . This is a good idea.

 

[MattKing]

I wonder who they are getting to do the actual manufacturing - AFAIK they don't themselves have the capacity.

 

[MattKing]

Oh, another report makes it look like they are going to use the money to start their own drug manufacturing business.

 

[markjwyatt]

Oh, another report makes it look like they are going to use the money to start their own drug manufacturing business.

They already have a specialty chemicals division. I suspect they will develop formulas and scale up.

Specialty Chemicals
https://www.kodak.com/en/advanced-materials/page/specialty-chemicals

 

[MattKing]

This is the story that has the information about "the company (being) interested in creating a start-up that could supply ingredients for pharmaceuticals."
https://www.citynews1130.com/2020/07/28/kodak/

 

[Nodda Duma]

Yes!! Hadn’t checked in a while. Thanks for the heads-up.

 

[Lachlan Young]

They have an on-site specialist organic chemicals lab who are extremely experienced in the production of complex fine chemicals - it's almost surprising this step hadn't happened earlier.

 

[cmacd123]

so this is about the third time they "started" to make drugs and critical chemicals. Wonder if they will decide it is a worthwhile business this time.

 

[mshchem]

I think this is a great idea. I take a couple generic Rx, both made in India. Bandaids are made in Brazil. Big companies chasing cheap labor and no regulations. Hopefully this isn't a pork barrel scheme.

The skilled labor and talent around Rochester needs to get back to creating value.

 

[pentaxuser]

The skilled labor and talent around Rochester needs to get back to creating value.

I imagine that the skilled labour and talent around Rochester would like to do so . The problem is that they are the "workers" who have talent and application. They are not the capitalists i.e. those who own the means of production and with that ownership, control everything.

pentaxuser

 

[MattKing]

so this is about the third time they "started" to make drugs and critical chemicals. Wonder if they will decide it is a worthwhile business this time.

Most likely it is the availability of cheap credit that makes it worthwhile.
They lack capital.

 

[wyofilm]

Hopefully this isn't a pork barrel scheme.

I don't think so in the aggregate because there is a clear strategic mandate. Hopefully, managed globalism versus unbridled globalism is the future for the US. It is unwise to be too dependent on the good nature of other nations. With that said, I am sure that a good number of companies will take Uncle Sam for a ride. I hope Kodak isn't one of them for so many reasons. I lived in Rochester as a kid when my mother worked for Xerox as a chemist. I would like to see Kodak and Rochester thrive.

 

[halfaman]

Fuji already use some of their photochemical knowledge to produce cosmetics.

https://www.fujifilm.com/products/skincare/

Color film is one of the most complex comodities ever produced, generic drugs should look easy in comparison. They don't have to develop any formula, just produce it.

 

[Anon Ymous]

Fuji already produce pharmaceuticals. IIRC, at the beginning of the pandemic, one of their drugs had shown good results against COVID-19 and their stock value increased quite a bit.

Kodak used to have a subsidiary called Eastman Chemical, which was spun off decades ago. They're doing fine, as opposed to Kodak...

 

[Agulliver]

Let us not forget that Fuji is more of a chemical company than the film/photo company that we are mostly familiar with. Indeed several former film manufacturers have longer histories as manufacturers of chemicals/medicines....which makes sense as film photography is a branch of chemistry. Nonetheless this could be good for Kodak and their employees.

 

[jtk]

https://twitter.com/i/events/1288095379188101120


"Defense Production Act" "orange" "media"

 

[Alan Edward Klein]

Good for Kodak, US medicine, NYS, Rochester employment and hopefully good for film.

 

[Paul Howell]

My guess, why the rumors are out their about Kodak selling off it's remaining imaging products to a Chinese holding company. .

 

[markjwyatt]

Monday Kodak was $20; this morning it opened north of $20. Amazing what government money can do!

 

[Vincent Peri]

Monday Kodak was $20; this morning it opened north of $20...

Monday, Kodak stock was only $2.13 a share, not $20.

 

[Paul Howell]

My understanding is that Kodak has outsourced it's chemistry division for a decade or longer, not sure who or where the current chemistry is being made. Most of the campus at Rochester has been leveled, don't know what infrastructure is left or can be repurposed or what talent it has on hand.