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Post by condo3e on Sept 10, 2012 21:30:20 GMT -5
In Total Kodak's Asset's Are Worth
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Post by bullishbear32 on Sept 10, 2012 21:30:57 GMT -5
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Post by psalmchapter51 on Sept 10, 2012 21:36:59 GMT -5
In Total Kodak's Asset's Are Worth According to the latest 10-Q much less than what Kodak is actually worth. 1) Real estate is listed at it's purchase price, and not current market value, and there is likely a ton of upside in Kodak's real estate valuation for this reason. 2) Then there are the 10,000+ patents which are not even given any value in SEC filings. 3) The Kodak brand name likely has a value of 250+ MIL in and of itself. I am assuredly missing a myriad of undervalued and/or overlooked assets. All of the above is my understanding of the facts. I highly recommend the reader of this post complete their own due diligence in this matter.
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Post by mikewestveer on Sept 10, 2012 21:39:08 GMT -5
Agreed,
EXCEPT I'm sure Rochester real estate is not that hot...
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Post by condo3e on Sept 10, 2012 21:39:58 GMT -5
I'm in your camp, just have to be patient
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Post by psalmchapter51 on Sept 10, 2012 21:44:26 GMT -5
Agreed, EXCEPT I'm sure Rochester real estate is not that hot... Kodak own real estate throughout the US and abroad. And, the Eastman Business Park (fka Kodak Park) is rapidly attracting new tenants and is gaining momentum from state and local politicians as a vital economic development site. Kodak stands to gain a great deal of cash on the deal if they sell it, or perhaps even better for the long term if they hold and lease.
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Post by mikewestveer on Sept 10, 2012 21:50:44 GMT -5
True,
I have seen there is much promise in upstate NY due to the burgeoning technology corridor.
Ah, Rochester, the optics capital of the world...
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Post by tmarf on Sept 10, 2012 21:54:03 GMT -5
Where else do you find industrial land-o-plenty with a built in work force?
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Post by mikewestveer on Sept 10, 2012 21:55:45 GMT -5
This is true.
The SUNY system is training people to do what Xerox, Bausch and Lomb, and Kodak need...
scientists who know a lot about optics...
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Post by proforkodak on Sept 10, 2012 23:48:23 GMT -5
ASSETS: CASH at year end 2012: $1.1 Billion Kodak has announced it is selling: 1) 3 division with $1.5 billion in revenues, and appx. $180 million in 2012 EBITDA. Fair value is 8.5 times EBITDA and 1 times sales ESTIMATE: $1.5 billion in proceeds. 2) Digital Image patents ESTIMATE: $2.25 Billion (minimum) 3)Other NON core assets that have yet to be announced, but will be SOLD: 1) Real Estate: ESTIMATE: $400 million 2) consumer printer business: ESTIMATE: $ 0 3) commercial film business: ESTIMATE: $200 million ****************************************************************************************** PROCEEDS from SALES plus CASH: $5.6 Billion NET CASH less $3.4 billion in liabilities: $2.2 Billion ******************************************************************************************* SHAREHOLDER EQUITY: REMAINING CORE business EQUITY after ALL sales: 1) Digital & functional printing at 10X 2014 EBITDA: ESTIMATE: $1.5 billion 2)Graphics division at 8 times 2014 EBITDA and 1 times sales: ESTIMATE: $1.4 Billion CASH ESTIMATE: $2 billion NET INTRINSIC value: $4.9 billion or appx. $14/share fully diluted **Research done by Pro** Read more: kodak.boards.net/index.cgi?board=general&action=display&thread=54#ixzz268KyfBlz
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