Kodak in trouble?

[cosmonaut]

A local lab , that has been a Kodak dealer ever since I was a kid has been telling me for a couple of years that Kodak was about to go out. I never really quit believed them since I come to this site and see so many film shooters. Just how many rolls of film do you have to sell a year to stay in business? Anyway i ran across this. Kodak has made the top ten list of companies about to go belly up. How about everybody buying up some Kodak for Christmas and give them a bonus and a shot in the arm.
http://articles.moneycentral.msn.co...in-2011.aspx?cp-documentid=26585122&GT1=33014

 

[Pickett Wilson]

lol. We've had this discussion before. Let me give you the short version of the defense of Kodak you will hear, here. 🙂

"Kodak, like film, will be around forever."

Now, can we talk about how nice Luigi straps smell?

 

[Vobluda]

How about everybody buying up some new cars for Christmas and give the automotive industry a bonus and a shot in the arm? 🙄

 

[dcsang]

While I know a lot of folks like to sound the death knell of Kodak, it's not going to happen anytime soon.

Kodak makes more than just film.

Cheers,
Dave

 

[flip]

Not new news. In the heart of photography world, kodak shops have been disappearing for 2 years. I brought in some UC100 for 'kodak' processing at yodobashi today. I kinda wonder what hermit does that job.

 

[Mcary]

In side Analog Photography has reps from Kodak on their internet radio show on regular basis. Kodak is very aware that the good old day are long gone and They have been taking the needed steps over the past few years to consolidate its film line down to what is profitable and to dump the dead weight. And yes sad to say but Kodachrome became just that dead weight.

 

[Sonnar Brian]

From the article:

"Kodak responds that is has significantly improved profitability and cash flow this year, and now has $1.4 million in cash, the same as its debt."

One-Point-Four MILLION in Debt.

I say we pool some RFF money and take it over.

 

[sevo]

From a stock psychology point of view Kodak are in trouble as they have lost their former monopolistic position - thanks to that they are and will be considered as "failing" quite regardless of their real ups and downs.

I have my doubts whether they'll survive that in the long run, the more so as the mainstream belief among economists has it that every old, big company should better be destroyed and its assets turned into cash - but that is rather independent of their current business, and even more independent of their dwindled film branch.

 

[sevo]

One-Point-Four MILLION in Debt.

I say we pool some RFF money and take it over.

That surely must be billions, right? Otherwise I'm off to the bank...

 

[Mablo]

Must be billions. Still, the company is basically free of debt (as much money in the bank as outstanding debts). Seems to me more like a turnaround case than a bankruptcy candidate.

 

[ChrisPlatt]

I have heard similar stories from small dealers regarding various brands,
often used to justify no longer carrying their products.
I'll bet his Kodak distributor just raised prices...

Chris

 

[Steve Bellayr]

Remember Kodak also makes film for the motion picture industry. If Kodak goes down what will you be watching?

 

[antiquark]

Deja vu... the article below has 25 days left to prove itself...

The Ten Brands That Will Disappear In 2010
​

http://247wallst.com/2009/12/02/the-ten-brands-that-will-disappear-in-2010/

 

[cosmonaut]

I hope they don't go under. The go out and buy film comment was a joke. But the lab here in my home town really has a negative additude when it comes to film. I guess it is from smelling fixer for 40+ years.
Everytime I go in to buy developer or film I get the same comment. " Kodak will be gone in five years "

 

[PrecisionCamera]

Our biggest unit seller out of all products last year was Tri-X 135/36.

 

[bwcolor]

At least they are going down swinging. I just received my Portra 400. There is a rebate going on should you buy $125 of Pro Film... so folks... get with it.

http://www.kodak.com/global/plugins/acrobat/en/professional/products/films/KProFilm20Rebate.pdf

 

[panerai]

From what I know (and it's not much).

Kodak has well over 1000 patents in regards to digital cameras

Small copy from the internet

1,000 digital-imaging patents, and almost all of today's digital cameras rely on that technology. On average, it expects to generate $250 million to $350 million annually through 2011 in royalties and other fees for its intellectual property

Don't think they're going out of business that quick and those patents are worth billions

DON

 

[menos]

From the article:

"Kodak responds that is has significantly improved profitability and cash flow this year, and now has $1.4 million in cash, the same as its debt."

One-Point-Four MILLION in Debt.

I say we pool some RFF money and take it over.

Brian, that is completely normal for a company with the size and turnover like Kodak.

Debt in accounting a big business does not compare with the debt, private persons deal with, when overusing their credit cards.
It is common, to ride on a certain invoice payment term, which varies from industry to industry, but is commonly arranged at a 30 days payment term.

Depending on the monthly turnover, stock refilling and other costs, a big company rides on rather big amount of open payments = reported debt.
If the company is also dealing and accounting in several currencies and has open payments and monetary value on bank accounts, a very high amount of debt in accounting can sum up due to changing currency exchange rates (one can get a swindle feel, when watching currency exchange rates eating on values as high as billions - disgusting).

The Analogue photo radio show is great - one does not get the feel from the occasional Kodak representatives, the company is in danger, but great re structuring and future planning has been made with good running business.

 

[Neare]

Fuji makes better film anyway. 🙂

 

[Jamie123]

Fuji makes better film anyway. 🙂

Never in the history of the internet has a falser claim been made!