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Post by psalmchapter51 on Sept 12, 2012 10:49:55 GMT -5
For those losing heart, or in need of a boost, here is a reality check.
I just looked into the stock of other US Manufacturers with approx 2 BIL in annual revenue. I used the benchmark of 2 BIL since I believe this will be Kodak's annual revenue once the DI and Consumer products divisions are sold.
The first several tickers were trading between 25.00 and 40.00 per share, although they had much smaller floats (EKDKQ O/S is 280 MIL) and/or the EPS was in the multi dollar range.
However, as I got closer to earth in the EPS and NET income ranges, I found LSI Corp with an O/S of 561 MIL (i.e. double that of EKDKQ) and they are trading at 7.80 PPS.
The point here is that, a slimmed down Eastman Kodak, with revenue in the 2 BIL range, has the potential to trade in the 5.00 - 10.00 range easy. LSI had an EPS last year of .55 per share. I see no reason to believe Eastman Kodak can not attain this kind of EPS in 2013. Hang on boys. We are in for a wild ride.
And remember, "The stock market is a device for transferring money from the impatient to the patient" -- Warren Buffet
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Post by razmataz2003 on Sept 12, 2012 10:54:14 GMT -5
Nice ++ need some hope in the debacle that is perez run ek!
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