Q: This caught my eye today, up 8% and apparently with a cash position of about 1.2B, and more in cash than market value of about 500m?! New plant starting up soon…
I don’t even know how Kodak is still around… is this worth a higher risk play?
I don’t even know how Kodak is still around… is this worth a higher risk play?
Q: this stock is showing a bit of momentum can kodk recover or is it best to stay clear thanks
Q: Hi 5i team,
Kodak caught my eye today. It was up 250% in the pre-market. I used to own it 100 years ago. Last I remember, it was on the verge of bankruptcy as no one was buying cameras anymore with all the smartphones offering that function. Now it wins a contract from the U.S. Government to manufacture drug ingredients to help offset supply chain issues with China. I don’t plan on buying Kodak but this seems like the craziest company pivot I have seen from manufacturing cameras to drug ingredients. A sign of the times, perhaps?
Dave
Kodak caught my eye today. It was up 250% in the pre-market. I used to own it 100 years ago. Last I remember, it was on the verge of bankruptcy as no one was buying cameras anymore with all the smartphones offering that function. Now it wins a contract from the U.S. Government to manufacture drug ingredients to help offset supply chain issues with China. I don’t plan on buying Kodak but this seems like the craziest company pivot I have seen from manufacturing cameras to drug ingredients. A sign of the times, perhaps?
Dave