Of Kodak and Junk Stock

[Pickett Wilson]

Another perspective on Kodak:

http://money.cnn.com/2010/02/12/markets/thebuzz/index.htm

 

[40oz]

I love reading commentary from the same analysts that failed to grasp the problems with the market that led to the repeated crashes of the last decade+.

Seriously, these guys are like radio broadcasters - they don't even care what comes out of their mouths as long as they get paid to talk.

 

[bmattock]

Another perspective on Kodak:

http://money.cnn.com/2010/02/12/markets/thebuzz/index.htm

Yeah, I read the story too, but I decided not to post a link - seems no one really wants to hear about Kodak pro or con. However, speaking only for myself, I own some Kodak stock, purchased at $2 per share. I'm happy. I own Ford stock too, also purchased at $2 a share. But I'm a contrarian investor, always have been. People say 'buy low, sell high,' and then they urge you to do the opposite by pushing stocks and commodities that are at or near record highs. I've got a friend insisting I should buy gold. Puhleeze.

 

[Pickett Wilson]

It's going to be a rough ride this year. There is still a lot of damage left to be done to consumers budgets before the year is out.

 

[bmattock]

It's going to be a rough ride this year. There is still a lot of damage left to be done to consumers budgets before the year is out.

Yes, it is, and yes there is.