actually the company's fundamentals have turned positive. And the stock has tanked at the vortex of a significant turnaround. That said, the lawsuit and that uncertainty hangs over the stock, and the market for micro caps is really brutal. Insiders continue to buy and there business is gaining traction..Long term investors should accumulate on weakness imo.
Kodak Park cannot be mortgaged right now per the CC. It is a work in progress. Perhaps someday a hotbed of startups and innovation in Rochester lol . But the company is interesting going forward. Headwinds like currency and aluminum prices should be better next year. In fact aluminum prices have plunged with the meltdown in the commodities complex, which should help Kodak going forward. Copper and silver too. Its a long term play. Wall street has little coverage or interest right now, but that could change if the company starts growing and making money.
Kodak said on there cc they expect touch sensors startup business to transition to a profitable business next year, as most of the investment has been done. They will keep over 8 million in pixis equipment for free. How ignorant can a management team be? Kodak s expertise in material science, coating, and plating is world class. This stock always reacted to that. What did they gain by walking away????? Stunning.
Well said. An independent BOD would have mandated the CEO to a Manhattan project expense reduction by now. Everything would be on table..large salary cuts, healthcare, and pension reform, break room coffee..everything. Where is the sacrifice and sense of urgency? Expenses, starting preposterous accounting expense, has risen across the enterprise per capita. The entire Board should resign.
Your a fool and a fraud. Book value is 37/sh and expenses are bloated across the enterprise. Your CEO is a bigger fool than you, cheer leading a stock decline of 85% Add to that a crony BOD, with zero governance. They should have brought in an outsider with zero loyalties, and a razor sharp focus on reducing expenses across the board. The salaries/benefits this management team is taking down in the face of extinction is disgusting. And Wehr promotes more VPs with higher pay and Cadillac pensions. The only silver lining is the effect higher rates will have on there income..but that is very much a wildcard in the face of weak global activity. Capital and liquidity is razor thin now. Can they rebuild there capital structure with a few good years of earnings, or are they finished by next summer..that's the question Dr fraud.
I agree. There is significant price competition here that is showing up. Margins are not great. They do have some world class products in this space. There is more that can be done on the cost side. The stock is interesting at less than 1/3 sales and many assets are being valued at zero on the balance sheet. With 80% of the stock in the hands of private equity, it does not take but 1 seller to crush the stock. Imagine trying to get out 8 million shares? The reverse will hold true also.
actually it was a good qrt. If you take out foreign exchange, they lost 11 million in the qrt with no ip revenue. This company is not far from profitable operations and they have some nice growth opportunities.So the stock goes to new lows at the vortex of a significant turnaround in financial performance. Not surprised. I'm amazed they so easily found 100 mill in cost savings and that speaks to the bloated legacy and lunacy that was Kodak. 2016 will bring better comps, profits, analyst coverage, a refi of the hi coupon debt, touch sensors, and micro 3D. They have a shot at a nice turnaround..not without risk.
Don't forget , fortunes were made if you bought the financials at the bottom in 08! The miners, materials, oil and gas stocks are getting to the point where a similar opportunity may present itself! Unless you think everything is going bust ... that's always out there! CLF is pretty much an option on the price of iron! If iron goes to 80 in the next few years they will be just fine and it's a 5 bagger or better. If iron is going to 35 they will need to restructure and the stock will have little value !
Padre Lester Cohen says everything is roses, the company is blessed, and the congregation are on there knees. What else can I tell you?
I don't see it from a sum of the parts valuation ! Print alone is worth 1x revenue or better than 1 billion, Kodak park maybe 150 mill, IP could be worth better than 200 -500 mill, over 700 mill in cash trading at 1/3 sales ????Granted there not profitable but I think we will see that change over the next 12 months . None of that helps you now in this market of course but if I'm Kodak I would buy shares . They have ample cash and there looking all around to invest ! Start with your own shares at fresh lows !