Kodak was a Dow 30 component from 1930 to 2004. I'm not sure what it takes to stay in the NYSE? Not very comforting for sure.
I don't own any Kodak stock. I look at it from time to time. Last few months the market has been brutal to (KODK) In late December of 2016 Kodak was trading around $17 now it's less than 6 bucks. Insider trading (management) sold off in 1st qtr. The stock is being accumulated by hedge funds. It wouldn't surprise me if these guys would try to take Kodak private and break it up. Might be good, might be terrible.
Market cap. is right around 250 million, Jeff Bezos could buy the company with his weekly earnings.
In a word Vulnerable
Mike
In the right hands there's a lot of money to be made. They still have a good graphics arts business. They make silver nitrate and fancy niche chemicals. I still think the real money is the trade names,What is there to break up with Kodak? They are a tiny, tiny business. I can't see anyone buying them at all.
A benevolent billionaire that puts Alaris and EK back together, and puts some sort of product out there that the young folks go nuts for?The future of film might be a lot more secure if that division was tightly or even privately held. They could finally be content with a simple net profit instead of stock market shenanigans. But it all depends on the long-term commitment of whoever.
In the right hands there's a lot of money to be made. They still have a good graphics arts business. They make silver nitrate and fancy niche chemicals. I still think the real money is the trade names,
For crying out loud how does Kodak sit and watch Instagram become a multi-billion dollar business based on sharing square photos. Kodak's marketing geniuses come out with a new cell phone and they call it Ektar.......... Why not come out with the Instamatic?
Look at the ownership, right now it looks like private equity firms are the ones buying when everyone else is bailing. Not sure why?
Mike
A benevolent billionaire that puts Alaris and EK back together, and puts some sort of product out there that the young folks go nuts for?
The future of film might be a lot more secure if that division was tightly or even privately held. They could finally be content with a simple net profit instead of stock market shenanigans. But it all depends on the long-term commitment of whoever.
Private equity firms can take a company private and then divvy up the company, getting rid of the money losers and selling or spinning off the profitable segments, something that publicly traded companies often struggle with....
Look at the ownership, right now it looks like private equity firms are the ones buying when everyone else is bailing. Not sure why?
Mike
Private equity firms can take a company private and then divvy up the company, getting rid of the money losers and selling or spinning off the profitable segments, something that publicly traded companies often struggle with.
It has amazed me that the wealthy patrons of art haven't made preserving analog photography a cause.We see threads encouraging us to "bring back HIE; bring back Kodachrome etc. It might achieve more if somebody were to start a petition to be presented to D.T. He has a theme of Making America Great Again and in his early months of office didn't he help coal mines and miners in PA despite coal being largely "yesterday's fuel" Are there parallels here with film and unlike some coal mines isn't Kodak an American Icon?
Just a thought
pentaxuser
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