Kodak: Lights Out Or A $10 Stock?

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It looks like it's lights out for Eastman Kodak . The 131-year old company appears to be about to file for Chapter 11 bankruptcy.
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1 - 20 of 56 Comments Last updated Jan 25, 2012
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The man

Rochester, NY

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#1
Jan 8, 2012
 
If I were a gamblin' man, I'd buy a big bunch of shares when it hits $0.25 a share or so.
DawsonSUXDIX

United States

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#2
Jan 8, 2012
 
The man wrote:
If I were a gamblin' man, I'd buy a big bunch of shares when it hits $0.25 a share or so.
Your stupid, if you buy it and it files chpt 11, you lose it all.
Eddie

United States

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#3
Jan 8, 2012
 
I hear that one. I put money into Fannie and Freddie because they're gov't backed, then they got delisted lol :(
DF99XRJ1

Rochester, NY

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#4
Jan 8, 2012
 

Judged:

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The man wrote:
If I were a gamblin' man, I'd buy a big bunch of shares when it hits $0.25 a share or so.
Perez has done nothing in years. To think this company will turn around now is a joke. Its over. I expect many to be laid off in the next few months. I do not think they can get the billions they say the patents are worth. 300 million but that is it. Parez says the patents are worth billions. Sure can not believe this fool. When is the 50 million dollar company jet going to be sold? It cost 6 million a year for Hangar space on Scottsville Road, pilots, fuel, maintenance and landing fees. When you are not making money you get rid toys and then people.

Since: Dec 11

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#5
Jan 8, 2012
 
Kodak is quite good, but...
YoungTurk

United States

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#6
Jan 8, 2012
 
Stupid white suburban managers ran the company into the ground.
DF99XRJ1

Rochester, NY

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#7
Jan 9, 2012
 
YoungTurk wrote:
Stupid white suburban managers ran the company into the ground.
Not true. The CFO is a dumb black woman. She is in charge of the money! She is not doing a very good job. Perez is from Spain.

http://www.kodak.com/ek/US/en/About_Kodak_Top...
George Eastland

Penfield, NY

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#8
Jan 9, 2012
 
Lights out.
Jack Smith

Rochester, NY

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#9
Jan 9, 2012
 

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Interesting that Kodak's CEO Perez bought 253,000 shares on Jan 3rd, 2012 at 65 cents and also sold 88,000 shares at 65 cents (to take tax write-off).
All Kodak Board of Directors did similar transactions. They know what's happening - they are in control. They are protecting themselves.
However, employees are getting NO infomration other than what's in the media. Are they filing Chapter 11 or is an IP sell close?
Chuck

Houston, TX

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#10
Jan 9, 2012
 
Its over. Antonio P says printers will save the company. There is a very small profit marging and HP, Cannon and Epson are the winners in this market. I find it funnny that Kodak spends millions of dollars a year on a company jet for Antonio and the compay is going bankrupt. The stock is headed to 0. 7000 people will be out of work soon. All the patent sales in the world can not change this company and its direction. Antonio shoLights out.
KneeGrow Jackson Saddiq

New York, NY

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#11
Jan 9, 2012
 

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Yo when did Irondequoit mall closed?

Since: Nov 11

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#12
Jan 9, 2012
 
It must be pretty depressing for Kodak employees these days.
How could the board of directors stand by and allow Perez to destroy the company and do nothing?
Beezow Doo-Doo Zopittybop

Rochester, NY

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#13
Jan 9, 2012
 
Perez dont care, he has his multimillion $$ bailout parachute deal
Tim

Tempe, AZ

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#14
Jan 9, 2012
 
Eastman Kodak Co. is pulling the plug on the Kodak Challenge, its most visible corporate sponsorship activity. 1 million dollar Purse.

The Rochester-based printing and photo company and the PGA Tour have jointly announced that Kodak, in extending its sponsorship of the PGA through 2016, will focus more on client hospitality. How about focusing on making money? Client hospitality? Just what is this? Entertain top-level clients in a private room inside the clubhouse with free gifts and giveaways in the mega millions? Get focused Kodak. You need quality products people want to purchase not entertain clients that will purchase nothing from you.

Will Kodak be around in 2016? I doubt it. I think they may not be here in 2013.

http://www.democratandchronicle.com/article/2... |topnews|text|Business
fidiot

Rochester, NY

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#15
Jan 9, 2012
 
YoungTurk wrote:
Stupid white suburban managers ran the company into the ground.
WRONG.
Bart Simpson

Rochester, NY

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#16
Jan 9, 2012
 
fidiot wrote:
<quoted text>
WRONG.
The CFO is a dumb black woman. I bet she jumps ship quick.
Bailout Ben

United States

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#17
Jan 9, 2012
 
They'll get bailed out of course like all the other big companies.
sahole

United States

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#18
Jan 9, 2012
 
Bart Simpson wrote:
<quoted text>
The CFO is a dumb black woman. I bet she jumps ship quick.
WRONG!!
The Truth

Rochester, NY

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#19
Jan 9, 2012
 
sahole wrote:
<quoted text>
WRONG!!
She looks black and dumb to me. She is the Chief Financial Officer in charge of all the money at Kodak and the place is going bankrupt. She makes $700,000 a year plus perks. What more can be said. She is clueless. The navigator on the Titanic put the ship in harms way with the Captain. Not the passengers. Now the ship is sinking fast.

http://www.kodak.com/ek/US/en/About_Kodak_Top...
Fred1984

Miami, FL

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#20
Jan 10, 2012
 
The rumor is that Kodak will not be selling cameras after they go bankrupt in a few weeks. They will just be selling printers. Now thats a joke. They will be focusing on their new core business? The small printers have no margin and the big ones are to expensive and have lots of competition. Fire Parez. Stop the insanity! He needs to retire in Miami or Spain. It is obvious he can not run a company.

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