Free Republic

Eastman Kodak issued a concerning message to investors Monday, indicating that the 133-year-old camera company's future may be in trouble. In its second quarter earnings report, released Monday, Kodak indicated it is losing profits, adding that it doesn't have the “committed financing or available liquidity” to pay its $500 million debt obligations. Kodak added that right now, the plan to fund its debt consists of using excess funds from the termination of a retirement pension plan to "reduce the amount of term debt and to amend, extend or refinance its remaining debt and preferred stock obligations."

At the beginning of this week, the Eastman Kodak Company handed its chief executive 1.75 million stock options. It was the type of compensation decision that generally wouldn’t attract much notice, except for one thing: The day after the stock options were granted, the White House announced that the company would receive a $765 million federal loan to produce ingredients to make pharmaceuticals in the United States. The news of the deal caused Kodak’s shares to soar more than 1,000 percent. Within 48 hours of the options grants, their value had ballooned, at least on paper, to about $50 million.

Eastman Kodak shares are enjoying a renaissance. Shares were up 160% early Wednesday morning, building on Tuesday’s incredible 200%-plus gain. That gain was just a prelude. By midday, Kodak shares were up more than 340%. Fresh capital and a new business are the reasons for the eye-popping rise. The question for investors now is how high can shares go? It isn’t an easy question to answer. There are no analysts covering the company and no target prices to help investors. What’s more, the company is taking a government loan to build a drug-ingredient business. Kodak (ticker: KODK), has been and...

Bankruptcy: News that Eastman Kodak may file for bankruptcy brought a flood of nostalgia for the venerable company. But Kodak's demise underscores the unique strength of our free-market economy — its constant renewal. Sixty-two years after Kodak was founded, economist Joseph Schumpeter popularized the term "creative destruction" to describe a key function of free market economies. "New consumers, goods, the new methods of production or transportation, the new markets, the new forms of industrial organization" were, he said, constantly creating new industries and new companies, while destroying old ones. Now, 70 years after Schumpeter put his finger on this phenomenon,...

Poe: "They are leftists, dedicated to overthrowing our Constitutional system," and "they will go to any length to conceal their radicalism from the public." Understanding the Alinsky Method of "Community Organizing" Written by Bob Dill Sep 24, 2008 at 12:00 AM Meet the Real Obama and Cult of Alinsky " The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun." (Ecclesiastes 1:9 KJV) It is becoming readily apparent that the "change" being proposed vaguely by Sen. Barack Obama is...

Allstate on list of top 10 pro-'gay' firms Insurance giant target of lawsuit over column critical of homosexuality -------------------------------------------------------------------------------- Posted: July 15, 2005 1:00 a.m. Eastern © 2005 WorldNetDaily.com Allstate, the insurance company being sued by a former employee who was fired after writing a column critical of homosexuality, is one of the top 10 firms supporting the "gay" lifestyle. The list, compiled by Diversity Inc., includes, in ranked order: Eastman Kodak, Ford Motor Company, Citigroup, D&T USA, PepsiCo, Merck & Company, Kaiser Permanente, Visteon Corporation, Allstate Insurance and The Coca-Cola Company. As WorldNetDaily reported, a former manager at Allstate's...

  The Campaign to Control America's VoteLiberal Group Leads Fight Against Bush Judicial Nominees and School ChoiceBy Patrick J. ReillySummary: Texas Supreme Court Justice Priscilla Owen is the latest victim of People for the American Way's campaign against President Bush's judicial nominees. On September 5, the Senate Judiciary Committee in a 10-9 party-line vote rejected her nomination to the Fifth Circuit of the U.S. Court of Appeals. When the electronic voting machines introduced in last month's Florida primary elections failed to correct the voting irregularities that appeared during the state's 2000 presidential election, People for the American Way (PFAW)...