EK no longer on the NYSE

[r.e.]

Eastman Kodak still appears on the board at $0.18, down 28% today, if I read it right.

No, the closing price was 47 cents. Don't know what the after hours price is, but probably not 18 cents.

[Michael Kadillak]

I heard that quite a few photo film/paper makers don't make their own gelatin. They by the gelatin in and mix the silver halides with it. Kodak didn't sell off the film making plant but just their own gelatin making plant from what I understand.

What is hurting Kodak is their financial liabilities - which are significant. I am not a lawyer, but it is my understanding that filing for bankruptcy holds your creditors at bay until you can reorganize your debt so that it is manageable. The good news here is that the court appointed managers will take over and the whack a doodle Kodak management team will get a one way ticket to a deserted island for a permanent vacation. Only then will the financial community know if there is anything left that can be saved.

I feel sorry for Rochester and many of the outlying communities that have relied upon Kodak for years. Here is to hoping and praying for a better day tomorrow.....

[Capocheny]

http://www.abc.net.au/news/2012-01-0...report/3759196

[r.e.]

I feel sorry for Rochester and many of the outlying communities that have relied upon Kodak for years. Here is to hoping and praying for a better day tomorrow.....

Yes, and I feel sorry for the pensioners if their pensions will be impacted by a Kodak bankruptcy.

[Tom J McDonald]

No, the closing price was 47 cents. Don't know what the after hours price is, but probably not 18 cents.

I read that they were down by 18 cents.

[John Flavell]

Good thing I have an old book here that tells us how to make glass plates.

[John NYC]

I thought about stocking up on the film I use from Kodak, but I think I am just going to go with the flow. If Kodak goes under and all their color film in 8x10 goes away, I will cross my fingers that Fuji will ship some color neg over here and I will continue to use Provia after E100G is gone. If Fuji doesn't step in, I will either determine I will only shoot b&w in large format, or else I will be selling one heck of an 8x10 rig+lenses to someone who does! And an awesome Rollei... and...

[John NYC]

If someone bought shares of Eastman Kodak at these low prices and the company did file for bankruptcy - what happens?

Do you wait til it comes out of bankruptcy and still have shares in whatever the new and improved version is?

http://www.investopedia.com/ask/answ...#axzz1iYffoYPV

[r.e.]

If someone bought shares of Eastman Kodak at these low prices and the company did file for bankruptcy - what happens?

Do you wait til it comes out of bankruptcy and still have shares in whatever the new and improved version is?

If they file, can one sell the stock?(assuming you can find a buyer)

If you buy or short Kodak now, you can make or lose a great deal of money

As I said above, I considered shorting the stock some months ago. I decided that it was too volatile and that the outcome was too unpredictable. There will be some swing traders who make money from this, but unless you really know what you are doing, and want to spend every second of your day watching the stock, I'd suggest that you stay well away

[patrickjames]

Kodak has been mismanaged for how long? Stick a fork in them. They are toast. On the bright side, if Kodak goes under, the other companies that are dedicated to film, like Ilford, will be stronger.