According to the Dec MOR EK reported a net loss of $272M for the month. See below. Did I miss something or is their loss really that big? If so the longs are in deep do-do!
In re Eastman Kodak Company
Case No. (Jointly Administered)
Federal Tax I.D. #
Debtor Combined Statement of Operations (Unaudited)
(Amounts in $000's)
12/1/2012 - 12/31/2012
Revenues $ 152,068
Cost of sales 161,525
Gross profit (9,457)
Selling, general and administrative expenses 41,573
Research and development costs 19,875
Restructuring costs, rationalization and other (11,973)
Other operating (income) expenses (33,450)
Loss from continuing operations before interest
expense, other income (charges), net, reorganization Items, net and
income taxes (25,482)
Interest expense 12,614
Other income (charges), net 4,509
Reorganization items, net 464,012
Loss from continuing operations before income
Provision (Benefit) for income taxes (225,621)
Loss from continuing operations (271,978)
Income (loss) from discontinued operations (404)
Net loss $(272,382)
by cswift71 . 10 minutes ago . Permalink
"...and you spend countless days and hours here to remind us of this? Is it not time for you to move on then? I understand that you are a saint and all but if this is already over....why do you continue your rhetoric? I suppose you also have no financial interests?"
He's got as much right as you to be here. If YOU don't like it YOU can leave. Too bad if you only want to hear a rosy picture. It ain't happening !!!!
He has a right yes. I am just curious as to why? I am here because I have funds invested in EK. Why do all you guys spend most of the day here telling us how worthless the stock is? No financial interests you say. So you are all just saints and guardian angels? I would say not but that is just my opinion.
Cswifty its amazing how often you post when you have NO financial interest in the outcome of Kodak's Bankruptcy. Its only in your naive imagination that you could possibly benefit from the outcome........your investment has nothing to do with kodak emerging from BK. You just dont understand how this game is played. I cant even say good luck, cause you have no shot. LMAO!