Kodak Stock Is Soaring. Here’s What’s Behind the Renaissance; Company Re-inventing itself to be a drug making company

Barron's ^ | 07/29/2020 | Al Root

[rktman]

PDJT loaned them some money apparently so his HCQS stocks would rise. /$

[irishjuggler]

Mama, don’t take my Kodachrome away

[House Atreides]

Good flexibility and vision by Kodak executives.

[moovova]

That’s just funny...good for them.

[SeekAndFind]

I miss the good old days...

[JudgemAll]

They seemed to have failed envisioning digital cameras and streaming though

[Sacajaweau]

Indeed....they missed the boat.

A better mouse trap is ALWAYS in play.

[SunkenCiv]

Eastman Kodak Company / 31.31 +23.37 (294.33%) / KODK(NYSE)

[SunkenCiv]

• Donald Trump says he is handing over almost $1 billion to fallen photo giant Kodak to manufacture pharma ingredients in the U.S. as part of plan to tackle coronavirus

[Starboard]

A lot of people are gambling on this stock, not investing.

[Brilliant]

Seems like a fraud to me. What do they know about it?

[SeekAndFind]

RE: Seems like a fraud to me. What do they know about it?

They’re re-inventing themselves, which means they can HIRE the people who know about it.

[1Old Pro]

Good flexibility and vision by Kodak executives.

Seriously, it's the lack of flexibility and vision that ruined the company

[DoodleDawg]

Amazing what happens to a stock when the government gives them $750 million.

[Theoria]

Some folks made a insane amount of money today. $5 strike price was a few bucks the other day. Went as high as $2700 today. Nuts.

[Ouderkirk]

Having been at Kodak during that time... nobody could see the drastic change in computer technology and the drops in prices.

Kodak was always a chemical company and their photography business was still a chemical business. They were never an electronics business and had zero executive experience in that segment.

[oh8eleven]

The company will be hiring about 300 new employees. BFD.
In the mid 1980s over 60,000 locals worked for EK.
The glory years.

[alloysteel]

Kodak was into chemical production YEARS ago, and not just for chemicals used in film development. They have the facilities that may be readily adapted to the production of pharmaceutical components and the manufacture of licensed generic prescription drugs.

Not really much of a stretch at all, and Eastman Kodak is once again on a path to revived expansion and recognition.

[Shark24]

Eastman Kodak actually invented “Crazy Glue” but never pursued it. Oh well....