SBG post Aug 12 2012 -
I am really getting tired of people acting like Kodak is in a compromised and desperate position.
Nortel was in full flat out liquidation.
The discrepancy between assets and liabilities was- Liabilities 10 Billion, Assets BEFORE they sold the patents- 3.2 Billion.
After the sale- Liabilities 10 Billion, Assets 7.7 Billion, STILL a 2.3 Billion Dollar gap.
Nortel even in this horrible, full liquidation position, was able to pull in 4.5 Billion from the sale with expertise of Lazard.
So I don't want to hear that Kodak is in a bad position.
They are in a much stronger position than Nortel, with a deficit of a bit over 1 Billion BEFORE the patent sale (this is in the 2nd Quarter earnings, NOT something I am making up).
The company still has 15 different businesses pulling in 4-5 Billion per year in revenue.
You guys need to keep the facts in perspective.
Gee SorryBrokeGuy, looks like history has PROVEN the people were right and YOU WERE WRONG (again) huh LOSER - HAHAHA!!!!