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Post by psalmchapter51 on Sept 10, 2012 20:54:57 GMT -5
Sure Kodak's legacy film and DI divisions are responsible for about 50% of Kodak's 4+ BIL annual revenue, but they also account for greater than 50% of the liabilities. Kodak's restructuring plan will work in the end, and the Consumer Injket, Commercial High Speed Press and Digital Printing sector will become Kodak's largest revenue generator and profit maker. The movie film business is also set to gain a nice boost as Fuji is scheduled to depart discontinue it's movie film business by year end giving Kodak a post facto monopoly.
Kodak is also deeply involved in commercial packaging, enterprise business solutions, and cutting edge technology for which they hold thousands of patents in ADDITION to the DI/KISS portfolios that are presently on the block.
Kodak will re-emerge a profitable company operating in 3 primary sectors, but first must reorganize and eliminate the legacy businesses deemed not core to the company's future. This includes the DI/KISS portfolios, the KIOSKs, the Still Film and Photo Paper divisions, etc. This will eliminate thousands of jobs, real estate, taxes, and other associated liabilities, while simultaneously infusing much needed cash from the buyers of these assets. Once Kodak eliminates the dead weight; we may see Kodak invest in these new patented technologies. There is also the ongoing restructuring of Kodak's retiree benefits which may be the largest single liability Kodak has. Execution of the aforementioned will enable Kodak to pay off secured creditors, and re-emerge a smaller, yet profitable company.
How many profitable 2 BIL dollar companies can you name trading at .20 per share? IMO EKDKQ is a steal at these levels. And, once the aforementioned transpires, Kodak will be just that; a profitable, 2 BIL company. All we have to do is wait. Time is on our side. Kodak will prevail and so will us longs.
All in my opinion, of course. Invest based on your own due diligence.
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Post by condo3e on Sept 10, 2012 20:59:56 GMT -5
Is that your prediction for Kodak's market cap or just their revenue generation.
And I totally agree with your opinion
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Post by TheBondKid on Sept 10, 2012 21:00:57 GMT -5
Sure Kodak's legacy film and DI divisions are responsible for about 50% of Kodak's 4+ BIL annual revenue, but they also account for greater than 50% of the liabilities. Kodak's restructuring plan will work in the end, and the Consumer Injket, Commercial High Speed Press and Digital Printing sector will become Kodak's largest revenue generator and profit maker. The movie film business is also set to gain a nice boost as Fuji is scheduled to depart discontinue it's movie film business by year end giving Kodak a post facto monopoly. Kodak is also deeply involved in commercial packaging, enterprise business solutions, and cutting edge technology for which they hold thousands of patents in ADDITION to the DI/KISS portfolios that are presently on the block. Kodak will re-emerge a profitable company operating in 3 primary sectors, but first must reorganize and eliminate the legacy businesses deemed not core to the company's future. This includes the DI/KISS portfolios, the KIOSKs, the Still Film and Photo Paper divisions, etc. This will eliminate thousands of jobs, real estate, taxes, and other associated liabilities, while simultaneously infusing much needed cash from the buyers of these assets. Once Kodak eliminates the dead weight; we may see Kodak invest in these new patented technologies. There is also the ongoing restructuring of Kodak's retiree benefits which may be the largest single liability Kodak has. Execution of the aforementioned will enable Kodak to pay off secured creditors, and re-emerge a smaller, yet profitable company. How many profitable 2 BIL dollar companies can you name trading at .20 per share? IMO EKDKQ is a steal at these levels. And, once the aforementioned transpires, Kodak will be just that; a profitable, 2 BIL company. All we have to do is wait. Time is on our side. Kodak will prevail and so will us longs. All in my opinion, of course. Invest based on your own due diligence. Who do you sell a monopoly to when no one wants it!
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Post by TheBondKid on Sept 10, 2012 21:03:33 GMT -5
<<<Once Kodak eliminates the dead weight; we may see Kodak invest in these new patented technologies. >>
With what money?? kodak owes 1.3 billion in first lien and trade creditors.
Where will Kodak get the money? the patent sale died......
<<How many profitable 2 BIL dollar companies can you name trading at .20 per share?>>
This comment says it all. YOU ARE A MORON!!!! There are liabilities that need to be satisfied you idiot!!!! Where do you get 2 billion??? Kodak will need to sell most of those revenues to emerge from chapter 11!
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Post by psalmchapter51 on Sept 10, 2012 21:12:28 GMT -5
<<<Once Kodak eliminates the dead weight; we may see Kodak invest in these new patented technologies. >> With what money?? kodak owes 1.3 billion in first lien and trade creditors. Where will Kodak get the money? the patent sale died...... <<How many profitable 2 BIL dollar companies can you name trading at .20 per share?>> This comment says it all. YOU ARE A MORON!!!! There are liabilities that need to be satisfied you idiot!!!! Where do you get 2 billion??? Kodak will need to sell most of those revenues to emerge from chapter 11! My assertion of Kodak becoming a profitable 2 BIL company is predicated on the downsizing I outlined. Kodak is at present a 4+ BIL company trading at .20, but with too many legacy liabilities to turn a profit. That will all change with patent/asset sale proceeds, elimination of associated jobs, axes, real estate, and other liabilities associated with these divisions, and via restructuring of retiree benefits, in fact we saw some of that happen today with the pension modifications. Get it yet?
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Post by mglassma on Sept 10, 2012 21:15:51 GMT -5
Psalm,
Cn we make it without a patent sale?
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Post by joefarina on Sept 10, 2012 21:18:32 GMT -5
matt.....kodak is gonna have to do something with these patents........maybe they will glue them on kids asshole!!
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Post by mglassma on Sept 10, 2012 21:20:38 GMT -5
Joe,
perhaps they are gonna spend millions more on suing everyone?
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Post by condo3e on Sept 10, 2012 21:22:31 GMT -5
I agree psalmcapter51, the real action is just starting
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Post by TheBondKid on Sept 10, 2012 21:22:38 GMT -5
matt.....kodak is gonna have to do something with these patents........maybe they will glue them on kids asshole!! Flagirl! Now thats funny shit! Nice post!
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Post by psalmchapter51 on Sept 10, 2012 21:23:44 GMT -5
Psalm, Cn we make it without a patent sale? Sure, provided Kodak can convince creditors to hold off on selling so that they can monetize the patents via licensing and litigation. Remember, a judgement favoring Kodak in the '218 suit could yield 1 BIL in and of itself, though this would take time. And, if the creditors allow Kodak to hold off on a 500 MIL sale today, I would personally view that as a significant vote of creditor confidence in Kodak's POR.
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Post by TheBondKid on Sept 10, 2012 21:24:08 GMT -5
Joe, perhaps they are gonna spend millions more on suing everyone? Suing costs money! Why not? Kodak is like the fed, maybe they will just print more money! Its not like they dont have printers and INK!
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Post by TheBondKid on Sept 10, 2012 21:26:19 GMT -5
Psalm, Cn we make it without a patent sale? Sure, provided Kodak can convince creditors to hold off on selling so that they can monetize the patents via licensing and litigation. Remember, a judgement favoring Kodak in the '218 suit could yield 1 BIL in and of itself, though this would take time. And, if the creditors allow Kodak to hold off on a 500 MIL sale today, I would personally view that as a significant vote of creditor confidence in Kodak's POR. Why wouldnt the creditors just take the enitire company now and make all the future profits themselves?? That is the reality that you dont understand psalm51
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Post by psalmchapter51 on Sept 10, 2012 21:29:21 GMT -5
Sure, provided Kodak can convince creditors to hold off on selling so that they can monetize the patents via licensing and litigation. Remember, a judgement favoring Kodak in the '218 suit could yield 1 BIL in and of itself, though this would take time. And, if the creditors allow Kodak to hold off on a 500 MIL sale today, I would personally view that as a significant vote of creditor confidence in Kodak's POR. Why wouldnt the creditors just take the enitire company now and make all the future profits themselves?? That is the reality that you dont understand psalm51 Kodak entered voluntary Ch. 11 to avoid this. Kodak is presently protected under existing BK laws. You are missing the big picture.
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Post by TheBondKid on Sept 10, 2012 21:33:16 GMT -5
Why wouldnt the creditors just take the enitire company now and make all the future profits themselves?? That is the reality that you dont understand psalm51 Kodak entered voluntary Ch. 11 to avoid this. Kodak is presently protected under existing BK laws. You are missing the big picture. I do get the big picture. You dont understand bankruptcy. chapter 11 protection requires the reorganized company to be well funded and profitable upon exiting. There are certain metrics a company needs to achieve inorder to get court approval to exit
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Post by proforkodak on Sept 10, 2012 21:34:49 GMT -5
Psalm, Good post. But the consumer printer business is going to be sold or closed.
Kid is a MORON!
He asks MORONIC questions.
Kodak is selling ASSETS to pay off the creditors.
The PLAN of REORGANIZATION will outline how ALL the LEGAL claims will be paid in full.
The creditors will NOT be able to fight such a plan, that only takes a few months to execute.
Kid does deserve to be BANNED from this MB because he DELIBERATELY LIES, or is he simply RETARDED.
Either way WE do NOT need him!!!
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Post by psalmchapter51 on Sept 10, 2012 21:39:08 GMT -5
Kodak entered voluntary Ch. 11 to avoid this. Kodak is presently protected under existing BK laws. You are missing the big picture. I do get the big picture. You dont understand bankruptcy. chapter 11 protection requires the reorganized company to be well funded and profitable upon exiting. There are certain metrics a company needs to achieve inorder to get court approval to exit Understood. And I believe my OP thoroughly outlines the process by which I feel Kodak will demonstrate to the court a POR which satisfies these metrics.
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Post by psalmchapter51 on Sept 10, 2012 21:40:01 GMT -5
I do get the big picture. You dont understand bankruptcy. chapter 11 protection requires the reorganized company to be well funded and profitable upon exiting. There are certain metrics a company needs to achieve inorder to get court approval to exit Understood. And I believe my OP thoroughly outlines the process by which I feel Kodak will demonstrate to the court a POR which satisfies these metrics. Thanks PRO... are we certain Kodak will sell the Consumer Inkjet business?
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Post by proforkodak on Sept 10, 2012 22:39:00 GMT -5
>>>"Thanks PRO... are we certain Kodak will sell the Consumer Inkjet business?"<<<
Maybe they will JV it away. But one way or another Kodak MUST stop OEMing consumer printers.
NO WAY Kodak should try to compete with HP, Canon, Epson, etc.
The BOD should NEVER have allowed Perez to greenfield a consumer printer business.
The entire concept was FLAWED from the get go.
Perez did NOT understand the entrenched competition, nor the commodity nature of the business.
The BOD trusted Perez and he in turn BURNED $1. 5 billion building a business that is probably close to worthless.(maybe $100 million for the patents)
Samsung might take the business off Kodak's hands for next to nothing, and save Kodak from another huge write off.
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Post by onoudidint on Sept 11, 2012 8:01:29 GMT -5
so isnt kodak now a 4billion revenue company with 300million less overhead/year now ?
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Post by psalmchapter51 on Sept 11, 2012 12:12:32 GMT -5
>>>"Thanks PRO... are we certain Kodak will sell the Consumer Inkjet business?"<<< Maybe they will JV it away. But one way or another Kodak MUST stop OEMing consumer printers. NO WAY Kodak should try to compete with HP, Canon, Epson, etc. The BOD should NEVER have allowed Perez to greenfield a consumer printer business. The entire concept was FLAWED from the get go. Perez did NOT understand the entrenched competition, nor the commodity nature of the business. The BOD trusted Perez and he in turn BURNED $1. 5 billion building a business that is probably close to worthless.(maybe $100 million for the patents) Samsung might take the business off Kodak's hands for next to nothing, and save Kodak from another huge write off. Agreed PRO, except for the fact that it appears Perez had been hoping sales of inexpensive ink to consumer inkjet users would replace dwindling sales of inexpensive roll film. IMO he was attempting to replicate the existing business model, and it was working for a while. IMO the major problem was the quality of the consumer inkjet printers themselves. Kodak's quality in the commercial high speed presses and commercial digital printing and packaging solutions appears to have solid reputation as high quality product on a global scale. As such, I agree with that Kodak should look to phase out the consumer inkjet portion of the business; unless they find the disposable portionthereof could turn a profit. I agree with you assertion that Samsung may be interested in Kodak's consumer inkjet business considering their recently announced consumer inkjet partnership in Europe.
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