No but given Kodak's status as an American icon and the apparent revival of film you might get a sympathetic ear from someone who has an "eye for the main chance" as they say in terms of acting as a saviour of "Things American"Remember, photography isn't art. I wouldn't expect any help from wealthy art patrons.
No but given Kodak's status as an American icon and the apparent revival of film you might get a sympathetic ear from someone who has an "eye for the main chance" as they say in terms of acting as a saviour of "Things American"
This might especially be the case if there was a hint of Kodak going under and said person needed a boost to his reputation
pentaxuser
There are plenty of people in Tech and Hollywood circles rich enough to buy Kodak with pocket change and keep film mfg going. But it would require someone who recognizes the special esthetic potential of the medium as an endangered species. Digital just ain't the same thing.
The bloodbath continues as Kodak shares are being hammered hard again today (-2.2% ATM), now standing right at the very precipice of the critical $5/share price. If it drops below this today, whatever institutional holders of this stock there are will start selling hard so it could go even further south even faster.
Every day the stock goes down my decision to sell it off when I did looks better. Too bad I did not sell it off sooner. In the other hand I had made a lot more than my loses on the run up of other stock the last few years.
Remember, photography isn't art. I wouldn't expect any help from wealthy art patrons.
Here's a good one. I bought 500 shares of Kodak on Wednesday, at the same time I placed a stop loss order to sell. I figured I would have a few days. Well it opened this morning so low my stop loss order was executed. 200 bucks poof. It would be funny if it wasn't Kodak. This is serious stuff. I'm sick of worrying about losing these precious technologies. This is a big deal. Screw bailing out banks, we already lost Polaroid.
Best Regards Mike
I'm a high Roller!I'm sorry but buying that many shares of Kodak was an extremely frivolous purchase. Why would you invest in a company whose stock has declined almost 30% in just the past month??? Kodak is in very serious financial trouble and it was an investment that exposed you to a huge amount of risk. Do you see how many shares trade daily with Kodak? Just 140,000 yesterday. That is an almost incomprehensibly tiny number. Apple probably trades 144,000 shares every 15 seconds. Kodak does that in a full day. That is a very very low level of liquidity; another indicator of how Kodak is in bad shape.
Just for fun I bought 2 shares of Kodak when this thread first popped up. I trade for free so it was a tiny purchase. The shares promptly fell and I sold them after losing all of 44 cents.
For a few days, I as an owner of Kodak!!!
Ah Raytheon, I worked for them for about 5 years. Not the real rocket science divisions, Amana Radarange microwave ovens and refrigerators here in Iowa . We made an industrial microwave that was 40 feet long. Something like 40 kw.On the other hand, my Raytheon stock, RTN, has gone from $132.91 to $190.25 since the first of the year and my Northrup Grumman stock, NOC has gone from $220.72 to $306.61 since the first of the year. Retirement just keeps looking better.
See http://www.democratandchronicle.com...-posts-third-quarter-earnings-loss/846271001/More good news, Film division lost 1 million this quarter:
From Yahoo...
Eastman Kodak Company (KODK) today reported financial results for the third quarter 2017, delivering a net loss of $46 million on revenues of $379 million.
As I mentioned in another thread "Maybe Carestream Health would like to pick up the coating operations in Rochester to go along with their coating operation in Windsor, Co. This (I assume) could keep Kodak Alaris in film."I sure wish there was some way to re-connect Alaris and EK film divisions under a Genius with deep pockets and IDEAS. I just believe there is still a market for consumer "Instamatic" ICONIC analog cameras, Hell while they are at it bring back the flashcube. I don't know what the answer is. Scares me.
I'm curious where you got the reference to the film division. As far as I can tell, that division is actually the "Consumer and Film" division, which includes the "consumer" products, such as the winding down consumer inkjet business and the Kodak smart phone.More good news, Film division lost 1 million this quarter:
From Yahoo...
Eastman Kodak Company (KODK) today reported financial results for the third quarter 2017, delivering a net loss of $46 million on revenues of $379 million.
Yes, Consumer and film. Seems that somehow combining parts of Alaris, EK, maybe Carestream might make one hell of a professional and consumer imaging company. I guess I'm just longing for the good old days. Hopefully it all works out.I'm curious where you got the reference to the film division. As far as I can tell, that division is actually the "Consumer and Film" division, which includes the "consumer" products, such as the winding down consumer inkjet business and the Kodak smart phone.
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