Couple hundred million profit? Looks good to me.
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.
