Topic: How To Invest

Hi Pat, I have had some Kodak stock, unfortunately, for quite some time. Is there any reason to keep hanging on?

Article Excerpt

Eastman Kodak Company, $2.66, symbol EK on New York (Shares outstanding: 268.2 million; Market cap: $713.4 million) is the world’s largest seller of products related to photography and imaging. The company has three main divisions: 1) Graphic Communications, which accounts for 35% of Kodak’s sales, sells industrial printers and related services to newspaper and magazine publishers. 2) Consumer Digital Imaging, which contributes 33% of the company’s sales, makes digital still and video cameras, ink-jet printers and digital-photo frames. 3) Film Products (32% of sales) sells film, paper and photofinishing services to consumers and professional photographers. Kodak invented the digital camera, which records images on computer chips, in the mid-1970s. But the company chose to focus on its traditional film business up until the middle part of this decade. As a result of this decision, Kodak’s sales have plunged over the past few years as more consumers have shifted to digital photography. In the three months ended March 31, 2009, Kodak’s losses ballooned to $360 million,…