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Kodak Stock Down to $5.45

RattyMouse said:
Film is not Kodak Alaris' primary business so its highly unlikely that they are interested in buying and running Building 38.
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Yes, we don't even know the pension fund was happy to have the still film business included in the package they were offered during Kodak's insolvency.
 
cmacd123 said:
...dedicated employees tend to buy company stock with their retirement funds...
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I'm retired from a major U.S. corporation, the name of which everyone at this forum, regardless of where in the world they reside, would recognize. The only time I possessed any of its stock was during the relatively brief period when that was the only way it would make matching contributions to the 401(k) savings plan. As soon as the situation changed, I moved all those funds out of my employer's stock into another vehicle.

In my opinion, despite all "team" happy talk that gets propagated, there's an inherent adversarial relationship between employee and employer. The age-old labor-capital tension. Given this reality, public corporation employee stock ownership ought be prohibited as a conflict of interest.

OK, go ahead and throw those grenades now.
 
Sal Santamaura said:
...despite all "team" happy talk that gets propagated, there's an inherent adversarial relationship between employee and employer... OK, go ahead and throw those grenades now.
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No grenades from me. I have expressed a similar sentiment in different words. In many cases an employee is far more loyal to his/her company than the company is to him/her. I have seen this play out many times, and the outcome is usually not favorable to the employee.
 
One thing that a lot of financial analysts will tell you is that it is generally a bad idea to be heavily invested in one's own company's stock. It is based on the risk of non-diversification, times two. If the company fails not only will you loose the value you once had in shares (having put all of your investment eggs into one basket), but you are at high risk of losing your job as well.
 
I on the other hand worked for aerospace engineering firms and I kept the stock and 401k for each one and kept them separate, thus diversified. All the 401ks were highly diversified over a minimum of ten different entities. Overall they all did very well and I am glad that I kept them diverse. My mistake with Kodak is that after I left, I watched it go down every month for three years. So I got burnt by Kodak stock but my 401k in SIP did ok.
 
Why are we talking about Kodak stock on this site? Kodak Alaris is a privately held company, no? They're the ones that make film and paper for your cameras. Eastman Kodak, the company who's stock is actually on the market, sells commercial printing equipment and software (and now blockchain dreams). The closest thing that they sell that has anything to do with this site is movie film. They're two different companies linked only in name and heritage. That's my understanding of it all, anyway.
 
  • jim10219
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  • Reason: Double Post
jim10219 said:
They're the ones that make film and paper for your cameras. Eastman Kodak, the company who's stock is actually on the market, sells commercial printing equipment and software (and now blockchain dreams).
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I’m pretty certain Eastman Kodak actually makes the film, and Alaris is just a big distributor. If the main Kodak goes belly-up, nobody would be able to make the film for Alaris, unless they buy Kodak’s film production machinery. I’m willing to bet that if Kodak or Alaris started a Kickstarter to save Kodak film, it would be a big success, like Ferrania or that Reflex camera.
 
When Kodak split from Tennessee Eastman I had some stock in the latter due to the split. I took it in Kodak stock. I also had Xerox, but sold it as well. Such is life.

PE
 
You might be right. Honestly, I talk to reps from Eastman Kodak about once a week (just got off the phone with one now, actually). I work in the print industry. I've asked a bunch them about film and the relationship between Eastman and Alaris (if nothing else hoping that spending $25k on new software and servers would warrant them throwing in a couple of rolls of TMX for free). None of them know anything about their company other than what they specifically do in it. Or at least, they don't want to let me know that they do. I've also asked quite a few about the Kodakcoin, and everyone I've talked to about that claims they never even heard of it. So I've got no idea how that business is actually structured.
 

That's got to fill you with warm fuzzies.
 
Eastman Kodak in Rochester makes all film and sells it to Alaris. Alaris made all Endura Paper at the old plant at Harrow outside London. Currently, Alaris makes paper on contract with Carestream which is in the old Kodak plant in Windsor CO.

PE
 
RattyMouse said:
That's got to fill you with warm fuzzies.
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Sometimes. My impression of Eastman Kodak is that the company is full of geniuses and idiots. I've never met a person of average intelligence at Kodak. But they do seem to have a lot more smart people working for them than just about any other company I've done regular business with. I'm just not so sure that the people at the top calling all of the shots are among them. So at the end of the day, I don't know what to make of them. We buy their printing products because their hardware seems to be bullet proof, and their software, while unnecessarily complicated and confusing, does seem to be pretty stable. So I just consider the software that seems to be written by computer programmers for computer programmers, job security.
 
OldReliable said:
...If the main Kodak goes belly-up, nobody would be able to make the film for Alaris, unless they buy Kodak’s film production machinery...
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Unless one has insider information, in which case revealing it would undoubtedly violate a non-disclosure agreement, there's no way to say whether Alaris' agreement with Eastman Kodak ('the main Kodak,' as you put it) grants it the legal right to source photographic film from some other entity should Bldg. 38 be shut down. If Alaris has that right, any film supplier in the world could churn out product which would then be marketed by Alaris as "Kodak film."

To the best of my knowledge, Eastman Kodak has never sold a Rochester coating line, either "the production machinery," which was all custom designed and built for the facilities it was installed in, or the building / coating line combination as a whole. It's always been scrapped. Again, without insider information, I've no idea whether Alaris' agreement grants it the right to make an in-situ purchase of the Bldg. 38 line. However, despite prior replies in this thread that suggest ways Alaris could pay for such a transaction, my suspicion is that the required dollar amount would be too high a bar for Alaris to clear.
 
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Well it was an ugly week for Kodak, the stock hammered hard for a loss of -33.8%. Still positive from the jump the day that the cryptocurrency scheme was announced, but a huge amount of that gain is gone with the daily declines getting larger.

Kodak missed their ICO date and the market punished them hard.
 
Photo Engineer said:
FYI, my NDA has expired.

I have seen the coating machine scrap.

PE
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Your NDA has expired, but not top secret spy satellite, 007 stuff . I want to see the archives, of the Key hole satellite films, that were brought into Rochester for developing . The glory days may be over now, but at least you got to be part of a grand adventure. I drove 8 hours one way today to buy an enlarger setup. I don't need it but I paid a very nice fellow 120 bucks for a beautiful 4x5 enlarger, with the Minolta 45A, with stand, and a high end turret of Companon S lenses. I'm curator of my own little working museum. Someday I will find some youngsters to take it over, but not before I have a great time playing around.
Best wishes, Mike
 
mshchem said:
I don't need it but I paid a very nice fellow 120 bucks for a beautiful 4x5 enlarger
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Dude, you’re mean. Unless you promise to keep it in storage for me and sell if for the same price you paid.
 
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