Tag Archives: Chapter 11

Bankrupt Kodak Finally Starts Killing Hopeless Businesses, Retains Doublespeak

By | February 9, 2012
0 Comment

Eastman Kodak(EKDKQ), in bankruptcy with its shares destined to be worthless, is finally starting to make the moves that might have helped it avert this fate had failed CEO Antonio Perez undertaken them sooner. The company announced today that “it plans to phase out its dedicated capture devices business“.  Perhaps part of its failure lies in its insistence… Read More »

Kodak Shares Worthless As Firm Finally Files Chapter 11

By | January 19, 2012
0 Comment

We’ve been warning for weeks that Eastman Kodak(EK) shares were too dangerous to own. Kodak finally made it official late last night and filed a voluntary Chapter 11 business reorganization.  Citigroup will provide $950 million in debtor-in-possession financing. As we had stated, the company’s liabilities were to great, its ability to monetize intellectual and real property too slow,… Read More »