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EASTMAN KODAK CO Message Board

  • arcticfax arcticfax Dec 21, 2012 10:26 PM Flag

    Can't stop the EK Express!!

    Wow, what a week. A lot going on. Kodak continues to trim liabilities, monetize assets and forge new business partners for generations to come! You just gotta love the CH11 process. Everyone who has a brain knows that the legal cadence in the background is signalling an imminent JV...M/A...
    Any day now bashers...you will be saying stuff like, "I sure would hate to have the capital gains tax liability that those stupid rich longs have"!!
    You bashers are so predictable and boring, it's actually kinda sad.
    If I took a couple shots of some cheap stinkin brandy, I could probably write your script!

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • No you can't stop the EK Express ! I wonder how much Film, cameras, printers, ink, Verbatim cd's , DVD's, batteries, bayer asprin, super glue, plastics, filters, vitamins, Sterling Drugs, Minwax, Polishes, copiers, blood analyzers, medical equipment, optical equipment, color printers, and a whole lot more. No excuse for this company being BK! MGMT. really had to work at it to screw things up selling off so many products making money today. They dumped off a whole company EASTMAN CHEMICAL (EMC) $66.00 per share as of the close friday. Dumb, Dumb, Dumb!

    • However you spin it, Kodak won't have the assets to satisfy its creditors. Hence, the cancellation of the common stock and the issuance of new stock to the creditors in lieu of payment.

      Sentiment: Strong Sell

      • 2 Replies to troll98733546
      • Hence, the cancellation of the common stock and the issuance of new stock to the creditors in lieu of payment.

        New stock in what? Just as this company has passed the arguement of saving the common shares it is in the process of chapter 7 within a few months. The only thing EK is making is debt never any profits. The END at this point is to complete the job Kodak does best, selling what's left of the remaining assets!

      • Shorts

        Answer these 2 questions:

        If equity was going to ZERO, why do you you need to hold down pps with 22,000,000 shares Short. Thats 8% of the total stocks outstanding.

        Check out the post financing package they are putting forth. For One its Sealed. My guess why its Sealed is that GS is behind the curtain.

        You now get the SEC involved with this financing package. You only get the SEC involved if you are going to issue new debt. Maybe equity?

        There are at least 5 distinct Groups for the financing package.

        1. Citi

        2. Second Lien Noteholders Steering Committee Lenders

        3. Centerbridge Group Blackstone, JPM, & UBS

        4. Ad Hoc Group of Unsecured Creditors

        5. Barclays Bank PLC

    • tripods@bellsouth.net tripods Dec 22, 2012 10:56 AM Flag

      Barrons has an article about shorting Kodak

    • Yes, a great sub-20 cent stock. Good luck, Fax. You are going to need it!

 
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