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Thread: Kodak

  1. #1
    Hack Pawlowski6132's Avatar
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    Kodak

    Big doom and gloom article in the wsj today. Anyone catch it?

  2. #2

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    Re: Kodak

    Don't get wsj, can you supply a link or a synopsis of the article?
    Keith

  3. #3

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    Re: Kodak

    http://online.wsj.com/article/SB1000...541683530.html

    "Kodak spokesman Gerard Meuchner said Tuesday the company remains focused on turning itself into a profitable digital business.

    Kodak is burning cash as it attempts to turn itself into a company focused on printing amid the decline of its traditional film business."

    Wow, printing?! What do they have that other printers don't?

    ... I was hoping they were focusing on making IQSmart3's available for everyone! :P

  4. #4
    Drew Bedo's Avatar
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    Re: Kodak

    Sounds a little like Polaroid all over again.
    Drew Bedo
    www.quietlightphoto.com
    http://www.artsyhome.com/author/drew-bedo




    There are only three types of mounting flanges; too big, too small and wrong thread!

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  6. #6
    Format Omnivore Brian C. Miller's Avatar
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    Re: Kodak

    San Francisco Chronicle: Kodak Credit Draw Puts Spotlight on Cash Burn
    Current stock price $1.74, target stock price $1, possibly out of cash in early 2012. They are trying to sell patents, and after those are gone, I don't know what they'll be doing in the future.

    Their crop of low-end consumer cameras and printers aren't selling well. A "me, too" business plan isn't going to work for them.

    WSJ: Clock Ticks as Kodak Burns Cash
    "The chief executive's plan to build Kodak's printer business involves subsidizing sales of the machines to develop a base for capitalizing on ink refills."
    That really didn't work for HP, so I doubt it will work for Kodak. HP's mainframe business was its only positive cash flow for quite a while, and maybe it still is.

  7. #7

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    Re: Kodak

    I rely on color sheet film to make my work....this make me very nervous.
    ----------------------
    http://adamsatushek.com

  8. #8
    JC Kuba's Avatar
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    Re: Kodak

    From optionmonster.com 9/26/11

    Puts bet Kodak may end up worthless

    "Eastman Kodak are plummeting nearly 25 percent this afternoon, and option traders apparently believe that the stock may be worthless by 2013.

    EK is trading at $1.80, down 24.58 percent on the day and just pennies above its all-time lows from mid-August after announcing plans to tap its credit line. Shares of the iconic photography company were at a 52-week high just below $6 back in December and traded as high as $3.44 intraday last last month.

    More than 56,000 options have changed hands today, 3 times Kodak's daily average. A trader bought 21,000 January 2013 puts for the ask price of $0.45, according to optionMONSTER's systems. This volume was 3 times the previous open interest, so it was a new opening position.

    The strike and price of these options suggest that the trader believes that EK will be worthless or close to it by the option expiration on Jan. 18, 2013. Shares will have to be below $0.55 at that time for this trade to profit.

    It is unlikely that this put buying is protection on a long position because most traders don't hedge stock prices that are this low and are essentially like owning options anyway at these prices."

    http://www.optionmonster.com/news/ar...ess_61386.html

  9. #9
    Foamer
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    Re: Kodak

    I worked as a Kodak contract worker for awhile, in retail chains. I look at it this way. Ten years ago, all 5,000+ Walmarts were using Kodak film processing machines in their one hr. labs, had 24 ft. section of film and Kodak was over half of it, and most of the point & shoot cameras there were Kodak. They also had the Kodak Picture Maker kiosk in every store. Today, there are maybe 2-3 of their printers stocked, about 6 skus of Kodak paper, maybe 6 skus of Kodak printer ink. That's it. The one hour machines all went to Fuji, and even those are now gone. The Picture Maker was replaced about two years ago by an HP system. They still have about 5 point & shoot cameras for sale, but Walmart is cutting the display space because camera sales are tanking now that everyone's phone has a built in camera good enough to take photos of friends & family. The film section is down to half of a 4 ft. section. Walmart now only sells about 5 skus of film, and they are all Fuji. They have about 4 digital picture frames but that category is hardly selling any more. Kodak was hoping to cut a slice off printer sales from HP and live off the income generated by ink sales. It was a good idea but it doesn't seem to have happened. A lot hinges on Christmas season sales at the end of the year. The last couple of years have been very disappointing.


    Kent in SD
    In contento ed allegria
    Notte e di vogliam passar!

  10. #10
    Hack Pawlowski6132's Avatar
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    Re: Kodak

    Wow. This is a real objective statement.


    Quote Originally Posted by JC Kuba View Post
    From optionmonster.com 9/26/11

    Puts bet Kodak may end up worthless

    "Eastman Kodak are plummeting nearly 25 percent this afternoon, and option traders apparently believe that the stock may be worthless by 2013.

    EK is trading at $1.80, down 24.58 percent on the day and just pennies above its all-time lows from mid-August after announcing plans to tap its credit line. Shares of the iconic photography company were at a 52-week high just below $6 back in December and traded as high as $3.44 intraday last last month.

    More than 56,000 options have changed hands today, 3 times Kodak's daily average. A trader bought 21,000 January 2013 puts for the ask price of $0.45, according to optionMONSTER's systems. This volume was 3 times the previous open interest, so it was a new opening position.

    The strike and price of these options suggest that the trader believes that EK will be worthless or close to it by the option expiration on Jan. 18, 2013. Shares will have to be below $0.55 at that time for this trade to profit.

    It is unlikely that this put buying is protection on a long position because most traders don't hedge stock prices that are this low and are essentially like owning options anyway at these prices."

    http://www.optionmonster.com/news/ar...ess_61386.html

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