Anyone up for hit and run on Kodak? (lawsuits, investor, stock)

[TechRider]

it will more or less follow the same path of AMR.

Next week we might see 30 cents again

[howard555]

Originally Posted by TechRider

it will more or less follow the same path of AMR.

Next week we might see 30 cents again

The news says they have been trying to sell their patents since July.
I think the problem is the CEO, Mr. Perez.
He has been at the helm since 2005, and his team has failed shareholders.
They are 5 years behind the technology, and he thinks he can turn it around. The stock in 2007 was over $30.00. The CEO and his ego and his inability to let go of his control, has run it into the ground.

Alot of rich companies would pay $1Billion for all of it.
That small sum for companies like MSFT, Samsung, Warren Buffet and others, would be over $5.00 per share.
Instead the CEO holds on, still trying to be the hero.
The patents will sell but only it Perez allows it.
Go to the EK message board on Yahoo Finance and you can read what shareholders say about Perez.

I have the Jan. 2013 $3 calls and the April 50 cent calls.
I am assuming bankruptcy, and will just move on to the next possible winner.
The loser are the EK shareholders, and the idiot is Perez.

[howard555]

News just out, EK is filing suit against mighty Apple.
Apple should buy them for $4.00 per share or $800 million.
Apple has more cash then any other company.
Easy way to buy your way out of legal action.

[TechRider]

Originally Posted by howard555

News just out, EK is filing suit against mighty Apple.
Apple should buy them for $4.00 per share or $800 million.
Apple has more cash then any other company.
Easy way to buy your way out of legal action.

That gives AAPL one more reason to just swallow this one. $4/share is peanuts for them.

[howard555]

Stock up about 20 more cents today.
Somebody knows something, or somebody thinks they know something.

[greendesert]

stock price shot up to 0.80. I watched it trade up in the .60s after hours. There's a bunch of talk on the Yahoo Finance message board about it. is this just fools rushing in?

[howard555]

Originally Posted by greendesert

stock price shot up to 0.80. I watched it trade up in the .60s after hours. There's a bunch of talk on the Yahoo Finance message board about it. is this just fools rushing in?

Many on that EK message board are spammers and jokers.
Very few know what is going to happen.
I look at the links they may provide, and read the stories.
There are a small few on there, interested in an intelligent conversation with accurate information.

[TechRider]

looks like EK is the only crazy one moving +ve today

[greendesert]

Yeah I noticed all the spammers and speculators on there and it's annoying having to filter through all that garbage. I'm sure a lot of them stand to benefit from getting fools to rush in or dump stocks for on impulse. Most of them are downright nasty sharks. I wish there was a way to ban the spammers.
My little portfolio is actually looking pretty good today, but I'm leary to get in on EK at this point. At least if there is a bk announcement then it is a known fact and not just wild speculation. even that is far less risky than listening to some of those crazies on those message boards.

[Nudetypist]

I agree that Kodak really didn't do anything to improve the company, just rearranged the cards. However, how long do you think they will last before declaring bankruptcy? Everyone thought the news would be coming soon but I have a feeling they're going to linger on for a few months now. Which is making me consider a short term buy and sell position before the announcement. Very risky though.