Looks as, if everything goes according to plan, Kodak may emerge from bankruptcy in July. After the latest round of announcements, the UK pension fund taking over imaging divisions as opposed to a cash settlement for its claim and the existing shareholders being wiped out our once proud company will be in a very different business with a very different position
Commercial Imaging is roughly a $720 billion a year industry and Kodak is projecting $2.5 billion in sales for next year. This industry will not afford Kodak the margins nor the brand recognition it is used to, however, Kodak has always had very smart hard working people in its employ, so it remains to be seen how this will all turn out.
We have consistently been projecting a Kodak in Rochester after bankruptcy albeit a much smaller one.
Doug Hendee, CFP(R)
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).