Posted on 07/29/2020 9:13:39 AM PDT by SeekAndFind
That would be completely out of character for Kodak. Hopefully the guys who are reinventing it are not the same guys who bankrupted it.
This is a interesting development.
2020 — talk about timing.
A developer is the one with the vision to turn a negative into a positive.
A renaissance meaning rebirth, born again
Isn’t that always the way. Without vision, people go off the derech.
I have to laugh. Kodak has ALWAYS been a chemical company. What does anyone think you use to develop film?
Ummm.....
That’s not a Kodak....
(I know I am showing my age.)
Did not Kodak invent the digital camera and hold the early patents?
They did invent to digital camera and had patented it. The OLED too.
Both a product of advanced chemistry. They simply did not have the electronics expertise to capitalize on many of their electronic breakthroughs. It was and is a chemical company.
Kodak virtually owned film and developing. There wasn't anyone else close. They feared the digital camera would kill the film and development market, so, they killed it in house.
This was in the 1970s, and worked out for the guys that made the decisions. They were retired by the time the digital revolution destroyed Kodak, but it left the company a shell.
Are they going to insist docs only write the scripts on Kodak paper?
Given how mismanaged they’ve been the last 30 years I don’t see this ending well.
[Re-inventing itself to be a drug making company]
“We’ll put the color in your cheeks.”
Your assessment is spot on.
Kodak stock went from $2.20 on monday to near $60 on wednesday and back to $33 in a few hours, back up a bit. $42.05 +35.17 (+437%)
https://finance.yahoo.com/quote/KODK?p=KODK
If only I had invested...... too late now. They received a gov’t contract for making some medicine. It may be a temporary boost so I do not trust the price.
It may go down as I never seen a stock go up so high in such a short time so I suspect no underpinnings to keep the stock up.
I bet some insiders (politicians) knew about the deal. BTW if I had invested on friday when it was $2.20 I would have had $29 million in 2 days....
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