IMHO, Kodak's stock probably rose because this is an indication that they are making solid moves to avoid bankruptcy... possibly positioning themselves for a takeover instead. Kodak shares plummeted when they retained a law firm that specializes in handling bankruptcies. A 6% rise today is probably still off from where they were a couple short months ago (not positive about that point).
Oct. 4: http://seekingalpha.com/article/297392-bankruptcy-or-buyout-for-kodak Oct. 5: http://www.huffingtonpost.com/2011/10/05/kodak-bankruptcy-rumors_n_997118.html Oct. 16: http://www.bloomberg.com/news/2011-10-16/kodak-licenses-movie-projection-patents-to-imax-as-solvency-issues-mount.html Oct. 31: http://www.csmonitor.com/Business/Latest-News-Wires/2011/1031/Bankruptcy-threat-pushes-Kodak-to-ditch-patents-endangering-websites Sale of sensor division: Nov. 7: http://www.reuters.com/article/2011/11/08/us-eastmankodak-idUSTRE7A708720111108 Darren Addy Kearney, Nebraska -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
