Kodak: Lights Out Or A $10 Stock?

Kodak: Lights Out Or A $10 Stock?

There are 56 comments on the Seeking Alpha story from Jan 8, 2012, titled Kodak: Lights Out Or A $10 Stock?. In it, Seeking Alpha reports that:

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.

Join the discussion below, or Read more at Seeking Alpha.

IescapedNY

Since: Nov 11

Location hidden

#21 Jan 10, 2012
"Fire Parez. Stop the insanity! He needs to retire in Miami or Spain. It is obvious he can not run a company".

it is obvious Perez CAN run a company into the ground
Chuck

Houston, TX

#22 Jan 10, 2012
Fred1984 wrote:
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.
Another brainey direction Antnio is now taking the company in? It not HP dummy. More BS. Turn the lights off.
Chuck

Houston, TX

#23 Jan 10, 2012
Kodak moves deck chairs and tables on the Titanic in new position that make more sense. we need to organize ourselves in keeping with our evolution? Evolution into what? 15 years of moving deck chairs and tables has acomplised nothing.

Kodak has created two new groups -- the Commerical Segment and the Consumer Segment. They will replace the Graphic Communications Group, Consumer Digital Imaging Group and the Film, Photofinishing and Entertainment Group.

How about Antonio jumping off the boat. Now that would help evolution of the company and the ship sinking.

http://www.whec.com/news/stories/S2446374.sht...
Beezow Doo-Doo Zopittybop

Rochester, NY

#24 Jan 10, 2012
Perez sent his family to Europe on the private jet for vacation recently. I wonder how many jobs could've been saved on the cost of that trip alone?
Chuck

Houston, TX

#25 Jan 10, 2012
Kodak Employee: "Nobody Has Answers"

Spinelli says coworkers tell him they are worried about their investments.

"You kind of look at your financial situation (do you) take your money and run, do you ride it out? I mean a lot of people are asking those types of questions."

Put your life jacket on Spinelli and get in the life boat. The Ship is about to sink. That is what you need to do. Ride out what? Wait? See what Antono says about the ship? See what is going to happen when the deck chairs are moved again? Many of you fools will not get your pessions and will not get health insurance for retirement. Its over.

http://www.13wham.com/news/local/story/Kodak-...
Terry

Chicago, IL

#26 Jan 10, 2012
Fred1984 wrote:
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.
Don't know where you get your rumors, but Kodak is not going BK now. No big business will ever go BK with the kind of government we have now. Their stock soared on Wall Street today on the news they might not go BK. Translation: They got a bailout under the table from the FED. By the end of 2012 they'll show record profits like every other big company. Capitalism is totally dead.
Mike

San Jose, CA

#27 Jan 10, 2012
Terry wrote:
<quoted text>
Don't know where you get your rumors, but Kodak is not going BK now. No big business will ever go BK with the kind of government we have now. Their stock soared on Wall Street today on the news they might not go BK. Translation: They got a bailout under the table from the FED. By the end of 2012 they'll show record profits like every other big company. Capitalism is totally dead.
Terry what have you been smoking again?
The man

Rochester, NY

#28 Jan 10, 2012
Like I said initially.
Buy low and take a gamble.
Those who bought low have just about doubled their money in ONE freakin' day.
Not a bad return.
Prediction in one year:
Remember how we sat here and watched the stock hit $0.38 a share? And we didn't buy?
Patrick

Rochester, NY

#29 Jan 10, 2012
The man wrote:
Like I said initially.
Buy low and take a gamble.
Those who bought low have just about doubled their money in ONE freakin' day.
Not a bad return.
Prediction in one year:
Remember how we sat here and watched the stock hit $0.38 a share? And we didn't buy?
It can go down as fast as it went up. It is gambling.
RETIREE

Rochester, NY

#30 Jan 10, 2012
Antonio is like the Captain on the Titanic. The only thing he is telling employees "We are in good shape " The bad news is that the life preservers are locked up and already below water .It is a joke for employees as my wife is one. He has not said a word as to what is going on. I am sure he will get his "golden raft " while everyone else drowns
The man

Rochester, NY

#31 Jan 10, 2012
Patrick wrote:
<quoted text>
It can go down as fast as it went up. It is gambling.
I just have one question:

Do you feel lucky?

Is $0.60 a share a bargain of the century,
or is it just a pipe dream for losers?

What'll it be?
PhantomLimb

Rochester, NY

#32 Jan 10, 2012
The man wrote:
<quoted text>
I just have one question:
Do you feel lucky?
I feel a lot of things,
but lucky is not one of them.
Patrick

Rochester, NY

#33 Jan 10, 2012
Twinkie, Wonder Bread maker Hostess nearing Ch. 11 bankruptcy. Will Kodak go first or Twinkie? HO HO HO

If I had to bet on Perez I would say say the stock is going to 0. Look at his track record over the years This man does not have a clue what he is doing and he is surrounded by fools. Its like watching the Buffalo Bills year after year. Only a change in CEO's may change my bet. For now its a sell for Kodak stock. I see no future.

http://online.wsj.com/article/SB1000142405297...
Ron Paul 2012

Wood Dale, IL

#35 Jan 11, 2012
Nobody will go BK under the Obama/Bernanke bailout industry. A vote for Ron Paul will put a stop to this madness.
Go Home Mitt 2012

Phoenix, AZ

#36 Jan 11, 2012
Ron Paul will not win. He is the best person for the job but then we never get the best person for the job. Mitt will win because he has millions to spend. I say Obama has an edge over Mitt. We may have 4 more years of Obama. Kodak will be going bankrupt. The stock is still going up? Nothing has changed? I say its back around 30 cents very soon. As long as Perez is in charge Kodak has no future.
Maybe

Elmhurst, IL

#37 Jan 11, 2012
Ron Paul has a chance, unless the they cheat when counting the votes, which is unfortunately a strong possibility. With an extremely egregious law on the verge of being passed called SOPA people are really going to hate everything mainstream.

If they back down on Sopa, Obama will be the favorite, unless Ron Paul can get the Republican bid. Otherwise he'll have to run 3rd party and clear the path for Obama. Ugggh.
Top Gun

Stockholm, Sweden

#38 Jan 12, 2012
What about the lawsuit? Perhaps Apple buys Kodak? After all they do get rid of the lawsuit, they get hold of patents, and least but not last, there are some substance and profit in some of the Kodak businesses
Drawback pensions obligations
Perez did buy 253000 shares recently
to summarize, perhaps there is still a chance?
No WAY Perez

Farmington, MI

#39 Jan 12, 2012
Top Gun wrote:
What about the lawsuit? Perhaps Apple buys Kodak? After all they do get rid of the lawsuit, they get hold of patents, and least but not last, there are some substance and profit in some of the Kodak businesses
Drawback pensions obligations
Perez did buy 253000 shares recently
to summarize, perhaps there is still a chance?
It will just keep being run into the ground until Parez sucks it dry. These Patents ARE NOT worth billions. A hundred million or so. Its a BS crap game. Lawsuits are not the way to run a company! You need to make QUALITY products people want and lots of them.
Chuck

Houston, TX

#40 Jan 12, 2012
I say Hostess has a much better shot at staying in busines than Kodak.
ABM

Liège, Belgium

#41 Jan 14, 2012
>I say Hostess has a much better shot at staying in busines than Kodak.

Reading all comments, i understand that none of you have clear information. Hard to know if Kodak will survived or not ?
Let's see but i'm very very optimistic.

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