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EASTMAN KODAK CO Message Board

  • tripods@bellsouth.net tripods Sep 30, 2013 12:46 PM Flag

    Will Kenny PRO buy EKOD and be a cheerleader?

    wondering

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    • I would think that someone who thought this was a good investment 2 years ago (based on hidden assets, patents ect) would think Kodak is a steal at these prices (1 billion dollar market cap).

      EKOD would have to go over $75 a share before ekdkq shareholders (old shareholders) had a chance at equity.

      3 billion in debt cut, by issuing new shares (plus another 400 million cash from debt holders that put up more cash)

      2.8 billion in pensions cut with the KPP deal

      4,000 less employees, saving the company 50 million a month

      3 new partnerships (UNXL, Kingsbury and Bobst) in the last 5 months

      Kodak has over $23 a share in cash, and has a clean balance sheet

      I think we will see pro here again soon enough.

      • 3 Replies to goldentouchbronx
      • "... I think we will see pro here again soon enough ..."

        Man, that would scare the hell out of me if I were you ... you, kid, and "Pro" being in complete agreement, yet again, that EKOD is a sure winner at this PPS sounds like a kiss of death of EKOD to me ...

        "... EKOD would have to go over $75 a share before ekdkq shareholders (old shareholders) had a chance at equity. ..."

        IMO, Kodak _AS IS_ does not have the businesses in place to survive over long run. Traditional print (GECE) and consumer ink sales will likely decline faster in 2014 as Kodak can make up with packaging and commercial inkjet printing ... note that over the past three years, Kodak has insignificantly grown these businesses in terms of absolute $$$, despite their heavy subsidies. It's true that Kodak will likely break even on free cash flow in 2013 with EBITDA of $167 million, but then again, this is due to the outgoing high-margin ink sales.

        So, IMO, the big game changer is indeed the new functional printing business and hopefully a new CEO with more vision than Perez. Neither is a sure thing.

      • "EKOD would have to go over $75 a share before ekdkq shareholders (old shareholders) had a chance at equity." Old share holders ARE NO SHAREHOLDERS. EKOD has no connection with EKDKO (which doesn't exist anymore).I'm surprised this message board is still in existence (I guess EKOD hasn't started up their message board yet.

      • I would imagine he is too busy pumping AMD....
        After EK and VICL both crashed and burned he still has one last dog to go........
        AMD.....a complete waste of time.

 
EKDKQ
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