Companies and Brands
Meet the New Scaled Down Eastman Kodak (EKDKQ)
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Eastman Kodak Company (EKDKQ) is showing the ‘in with the new’ model it wants to operate in. Frankly, this implosion as a future turnaround just doesn’t seem much better in bankruptcy compared to before bankruptcy. How Antonio Perez is still in charge is a total mystery.
As part of its ongoing strategic review process “and commitment to drive sustainable profitability through its most valuable business lines” the company notes these changes:
The company claims to still have a strong position in the personal imaging market. Unfortunately, this long slow death march doesn’t seem over. Those OTC shares are still worth $0.44 today and we have no personal expectation of any left over value unless it can monetize those patents beyond the wildest expectations.
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