98% drop

Started Aug 30, 2011 | Discussions thread
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98% drop

Wow....I just read an article where it was reported that Kodak's value as a company has dropped down 98% of where it was 10 years ago. Only 2% of its value remains. What was once a 30 billion dollar company is now only worth 600 million and still dropping. Kodak will burn through all the remaining cash it has during 2012. Sadly, the end is in sight for Kodak. It appears that the CEO now is shopping around Kodak's patents, in an effort to return as much value as possible to the shareholders (via dividends). There is no evidence at all that Kodak is trying to save itself. It is rather, gradually shutting down, extracting as much value as it can in the process.

A real sad shame.

http://www.buffalonews.com/business/article529796.ece

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