Kodak Financial Report August 2019

Looks like they made some money. But I can never really understand these reports. Also there isn't much on their website about film: do they make?
 
Rob-F said:
Couple hundred million profit? Looks good to me.
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You need to spend more than 2 minutes reading this report. It is far from "good". As another poster mentioned, Kodak's "profit" comes from selling off its most profitable division. Kodak is now a much smaller company, left with the parts that lose money, or break even. Revenue is down and profits from the remaining divisions are down. The film division is losing money.

Reaction? The market has hammered down Kodak stock, -15% this week. While the market was soaring today, Kodak lost an additional -3.3%. For the trailing month, Kodak is down -19% in value. For the trailing year, Kodak is down -35% in value. Finally, in the last 5 years, Kodak's stock has fallen -90%.

There are a few here who will launch vicious personal attacks at me for posting these *facts*. It would be nice if instead, they replied with counter facts and entered into discussion.

I would have thought that Kodak's stock would have gone up this week as they retired a good chunk of their debt. But investors have fled the stock hard, because Kodak sold off the most profitable part of their company. The CEO has hided out the company and there is not much left to build a sustainable company out of.

Kodak's share price is a few pennies away from falling below $2/share. If you believe in Kodak, I mean *really* believe in the company, NOW is the time to buy.
 
As long as they still make Tri-X, that's all I care about :)

On a more serious note, as Ted alluded to, anyone who tells you that refinancing your debt will save you money, as this report so gleefully states, is either a liar or an idiot. Or both. It may have a lower interest rate, but the longer pay back will more than eat that up, along with added refinance costs and fees. This is just a way to show more money now to lure fresh investors, at the expense of having less later.

But then it's Kodak, right? Not the sharpest knives in the drawer when it comes to this stuff, or they would never have had to do what they did in the first place. Just make the film guys, and hire an outside firm to do the heavy lifting with the math.

https://smartasset.com/refinance/3-refinancing-mistakes-that-can-cost-you-money
 
brbo said:
There is no film division. But the division the film segment is (financially) part of is doing better than last year.
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You are correct. That division lost only 2 million dollars last quarter compared to 5 million the prior year. My mistake. I misread the report.
 
valdas said:
Yah, that’s what you call buying wholesale :) Did you also buy a temperature controlled warehouse to keep it?
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Reminds me of Anton Corbijn when he panicked and bought all the Tri-X when Kodak were on the brink last time. His apartment was apparently taken over by freezers trying to store it all
 
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