I wouldn't be too sure about that:
https://twitter.com/Kodak/status/928276037397606402
Also this very recent article, even though the film wasn't shot on new Ektachrome:
https://www.kodak.com/us/en/motion/Blog/Blog_Post/?contentId=4295004403
Kodak Stock Down to $5.45
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I wouldn't be too sure about that:
https://twitter.com/Kodak/status/928276037397606402
Also this very recent article, even though the film wasn't shot on new Ektachrome:
https://www.kodak.com/us/en/motion/Blog/Blog_Post/?contentId=4295004403
I'd be very happy to be proven wrong. The financial results just posted yesterday are not good. 400 immediate layoffs indicate that Kodak is dramatically trying to control spending. We'll see.
WOW.....an absolutely bloodbath!!!! Kodak shares are plunging huge today. -28%!! All support at the $5/share level has gone and now shares are trading at $3.70/share.
This is an absolute catastrophe. It looks like all institutional sellers have dumped the shares. Anything under $5/share is considered like a junk bond so institutional funds wont hold them.
In the last 365 trailing days, Kodak's share price has dropped a massive -73.6%
This is an absolute catastrophe. It looks like all institutional sellers have dumped the shares. Anything under $5/share is considered like a junk bond so institutional funds wont hold them.
In the last 365 trailing days, Kodak's share price has dropped a massive -73.6%
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-31% and still dropping with over 1 hour left in today's trading session. Volume is extremely heavy at over 10 times the normal average.
I suspect that the film business on it's own would turn a nice profit. Maybe a spinoff.
It ain’t over. If I had a spare billion I would dump everything not related to film, coating and chemicals. Then buy back the rights to consumer still films and paper from Alaris or merge. Then get the kids shooting Instamatics and having fun again.
It ain’t over. If I had a spare billion I would dump everything not related to film, coating and chemicals. Then buy back the rights to consumer still films and paper from Alaris or merge. Then get the kids shooting Instamatics and having fun again.
Revenue for the film division was stagnant and lost money for both the quarter and YTD.
As a professional in the printing industry I see Kodak from two sides, there is film production, and there is their digital production printing division. Five years ago at the US printing industry's annual trade show in Chicago (Graph Expo) Kodak had the largest booth at the show showing off their latest high speed production ink jet variable data printer. The specs were impressive, the machine looked good, but nobody was looking at it, even back then people were wary of Kodak and the long term support they could supply. I was at that show to buy and I wasn't going to talk to Kodak.
One year later Kodak had a 10x10 booth trying desperately to interest people in their products, they haven't put in an appearance at the show since then. I believe our best bet is to hope Kodak Alaris can buy enough equipment from Kodak to continue film production once the creditors move in and shut Kodak down.
One year later Kodak had a 10x10 booth trying desperately to interest people in their products, they haven't put in an appearance at the show since then. I believe our best bet is to hope Kodak Alaris can buy enough equipment from Kodak to continue film production once the creditors move in and shut Kodak down.
F**k the s̶c̶a̶m̶ stock market & all the sky is falling talk. Buy Kodak films if you like Kodak films. Obsessing over earnings reports is not helpful. Of course things are going to be shaky for a while, they're not instantly going to turn into Apple. Good films are still being made on the only Kodak stocks that matter, 50D, 250D/T, 500T & Double-X. Murder on the Orient Express was just shot on Kodak 65mm film and processed in new Kodak labs. I still process thousands of feet of Kodak Alaris films monthly, and my lab is small.
It was stupid for Kodak to churn out a second-rate smart phone which emphasized a camera that had such inadequate performance. Heck, Google out-Kodak'ed Kodak with the Pixel. It showed that Kodak management decision-making skills haven't changed a bit. Just one of many poor decisions. The stock market voiced its disproval. Kodak shareholders should have been howling for heads on platters when that thing released to such poor reviews.
You are correct. No one can convince me, that, unburdened of the executive tower, that Kodak wouldn't make handsome profits making film. There is solid demand for their product. The dopey cell phones (Why would you call it Ektar??? Hello... Instamatic!!!) I'm still hoping for Ektachrome under my Christmas tree, or maybe in my Easter basket?
This may be it in a nutshell. They put all their money on the wrong horse??
Just saw Murder of the Orient Express and it seems to have been shot with Kodak film. The cinematography was superb.
From your post you appear to run a business. I wonder, would you ignore financial information that clearly and unmistakably showed that your previously profitable business showed both a steep decline in revenue and significant losses (no profit). Would you ignore that and keep your head buried firmly in the sand?
If your business lost (in one day) nearly 30% of it's total value, would you simply ignore that?
You have to remember that film is no longer a core product at Kodak. That concept originated straight from the CEO's mouth. Film is not a core business. It's a legacy business. Kodak tried as hard as they could to unload the film business onto a group of Hollywood studios. They declined to invest in it, thus Kodak is stuck with their film business. Too big to sell, not profitable to spin off onto it's own. It's a truly horrible situation for film.
Your experience reflects Kodak's financial problems. Their revenues are in decline so clearly they are losing a significant number of customers. The catastrophic drop in Kodak's stock price for the year (-80%) reflects the fact that owners of Kodak are fleeing in a stampede for the exits. Today's trading will be interesting to watch, to see if any value investors step in to pick up Kodak shares at a discount price.
If you truly believe in Kodak's future, now is the time to buy shares. There's a lot of positive talk about Kodak here, but who will put their money where their mouth is?
No value seekers in sight yes. Share prices continue to drop, although "only" -3% so far today.
Done
I've read what he wrote three times and can't find where he's suggested that Kodak should "simply ignore that." Clearly he wouldn't and clearly Kodak isn't.
I bought a 1000 shares, ALL OR NONE, It took a long while to execute because the lots being offered for sale are small. Old Baron Rothschild said " Buy when there's Blood in the Streets, even if it's your own!" This could be a good group thing for "The Group Formerly Known as APUG" we could take over EK spin off their printing business and bring back Kodachrome and Cadmium laced Ektalure
You don't ignore it at all, you solve problems. Unfortunately in this case that means jobs. But you as a non-CEO/Employee don't run around yelling the sky is falling. Kodak lost 30% of a numbers game that rich people play. They should ignore what shareholders want and focus on what consumers and industries want, which I'm sure they're doing. For my own peace of mind I'm unsubscribing to this thread. If I wanted to react to a random number generator I'd play with my calculator.
We'll call the group KPUG!I bought a 1000 shares, ALL OR NONE, It took a long while to execute because the lots being offered for sale are small. Old Baron Rothschild said " Buy when there's Blood in the Streets, even if it's your own!" This could be a good group thing for "The Group Formerly Known as APUG" we could take over EK spin off their printing business and bring back Kodachrome and Cadmium laced Ektalure
Just check a moment ago I'm up 2% At this rate I'll be a millionaire by noon 
I bought a 1000 shares, ALL OR NONE, It took a long while to execute because the lots being offered for sale are small. Old Baron Rothschild said " Buy when there's Blood in the Streets, even if it's your own!" This could be a good group thing for "The Group Formerly Known as APUG" we could take over EK spin off their printing business and bring back Kodachrome and Cadmium laced Ektalure
It is amazing how little volume there is of Kodak shares during normal days. Under 100,000 shares traded! Why is that? Even tiny penny stocks for biotech companies trade millions of shares per day.
Good luck with your purchase. You have waay more guts than I do.
Just check a moment ago I'm up 2% At this rate I'll be a millionaire by noon
Your purchase could have been the start of that positive trend!! Nicely done.
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