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Post by youseekyoda on Sept 7, 2012 10:03:55 GMT -5
First off, thanks for quickly bringing up a new message board. I like this one better than what Yahoo unleashed, although I view both looking for any hint of news or something I did not already know.
My thought is, why would a consortium (or single entity) not just buy the entire company?
IF you were already prepared to spend 4-8 Billion to just purchase SOME Patents?
$20 PPS to take out the entire company is what about $5 - 6 Billion?
Positives from buying the entire company
VALUABLE real estate purchased many years ago in prime areas around the world
Have MANY more patents than whats on sale (Like 9,000+?)
Still have an patent innovation engine (Management of which is questionable though)
With restructuring, looking to be cash flow positive at some point
Pension law changes has softened the impact of immediate pension liability underfunding
Removing more human capital (wish this included the CEO and BOD)
The leadership holds quite a few shares, do you think it would be in there best interest to take lets say between $15 and $25 to sell the entire company?
Seems to me the Anti-Trust help could point in this direction, especially if Kodak is taken by a large entity. Also, far more complicated to work the details out than just a patent auction
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Post by Admin on Sept 7, 2012 10:07:37 GMT -5
Hi Welcome to our humble home.
Kodak put in place a poison pill which limits an owner of stock to 5% of common.
They also went into Chapter 11 to prevent hostile take over.
They are also in what is called an "Exclusivity" period which allows them to put together a plan of reorganization without any outside interference.
SBG
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Post by psalmchapter51 on Sept 7, 2012 10:07:49 GMT -5
Perez summons BOD to prevent "hostile takeover" in AUG 2011 Just one year ago... I wonder who this private equity firm is/was. In my opinion, it appears EK entered voluntary chapter 11 to obtain BK court protection from this looming hostile takeover. Moreover, in this article, the author points out that consumer inkjet sales had increased 48 % over the prior quarter in 2011. If Kodak can parlay the same growth YOY in 2102 in both consumer and commercial printing, we could have a winner here regardless of patent sales. "After the company got a call from a banker late last month describing a private-equity firm's interest in buying a large stake in the company, Chief Executive Antonio Perez quickly assembled the board for a weekend conference call to approve a measure that would deter a hostile takeover, a person familiar with the matter said. Kodak announced a poison pill Aug. 1 that allows shareholders to buy stock at a discount if an outside investor acquires a big stake." online.wsj.com/article/SB10001424053111903454504576488033424421882.html
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Post by youseekyoda on Sept 7, 2012 10:11:08 GMT -5
I'm not talking about a Hostile takeover, I am talking about a negotiated take over with BOD approval. Even if you add debt back into the mix, it still seems like a good buy for the physical and intellectual assets. If taken over, it would be easy to eliminate many more jobs for cost savings. Look at IT alone (Expensive jobs) if somebody like Microsoft or Apple took them over...how many Kodak IP employees would there be a year after a take over.
Microsoft and Apple and a few others are far better at bringing their patents to the market in much more profitable ways.
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Post by bondking on Sept 7, 2012 10:11:45 GMT -5
Perez summons BOD to prevent "hostile takeover" in AUG 2011 Just one year ago... I wonder who this private equity firm is/was. In my opinion, it appears EK entered voluntary chapter 11 to obtain BK court protection from this looming hostile takeover. Moreover, in this article, the author points out that consumer inkjet sales had increased 48 % over the prior quarter in 2011. If Kodak can parlay the same growth YOY in 2102 in both consumer and commercial printing, we could have a winner here regardless of patent sales. "After the company got a call from a banker late last month describing a private-equity firm's interest in buying a large stake in the company, Chief Executive Antonio Perez quickly assembled the board for a weekend conference call to approve a measure that would deter a hostile takeover, a person familiar with the matter said. Kodak announced a poison pill Aug. 1 that allows shareholders to buy stock at a discount if an outside investor acquires a big stake." online.wsj.com/article/SB10001424053111903454504576488033424421882.htmlAnd how much has KODAKs revenues shrunk since a year ago?? So bring that enterprise value DOWN! I can see Samsung acquiring Kodak for .25
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Post by Admin on Sept 7, 2012 10:12:52 GMT -5
We have all discussed and hoped for someone coming to the table and asking to buyout the company for X per share!
Trust me, I don't think ANYONE here would object to that!
Make it happen Yoda!!
SBG
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Post by youseekyoda on Sept 7, 2012 10:14:21 GMT -5
Opps, If I could only type correctly today
Kodak IP employees would
Meant
Kodak IT employees would
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Post by bonking on Sept 7, 2012 10:16:30 GMT -5
Opps, If I could only type correctly today Kodak IP employees would Meant Kodak IT employees would You can EDIT and DELETE your own posts...... no need to post corrections(amazing yahoo never had this feature, I always wondered why NOT)
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Post by youseekyoda on Sept 7, 2012 10:17:47 GMT -5
To me, Antitrust experts smell more like a Buyout issue versus a Patent auction. I could be wring though, just speculation like every post on every message board.
I still think there is tremendous value in what Kodak owns to a company that knows how to manage innovation. Especially, true when you consider the cost of R&D all the way through being granted even a single patent.
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Post by bondking on Sept 7, 2012 10:21:24 GMT -5
To me, Antitrust experts smell more like a Buyout issue versus a Patent auction. I could be wring though, just speculation like every post on every message board. I still think there is tremendous value in what Kodak owns to a company that knows how to manage innovation. Especially, true when you consider the cost of R&D all the way through being granted even a single patent. I agree, antitrust could be about a full acquisition. Only its unlikely someone acquires Kodak with their pension liability and anything remains for common..... Thats reality.
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Post by youseekyoda on Sept 7, 2012 10:25:42 GMT -5
I think even with the pension liability, it could still be a good buy. The Leadership with all the shares they hold, would not likely go the buyout path if there was nothing in it for them (stock Value Remaining).
I think that is why the Judge did not immediately grant an equity committee due to the shares the leadership holds and protecting their self interests.
A few good lawsuits by an aggressive company with these patents could recover costs over time.
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Post by psalmchapter51 on Sept 7, 2012 10:36:55 GMT -5
To me, Antitrust experts smell more like a Buyout issue versus a Patent auction. I could be wring though, just speculation like every post on every message board. I still think there is tremendous value in what Kodak owns to a company that knows how to manage innovation. Especially, true when you consider the cost of R&D all the way through being granted even a single patent. WHY does everyone keep speculating on the reason behind EK retaining Antitrust representation? The applicable BK filing clearly indicates Cooley was retained for counsel concerning sales of certain patent portfolios.
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Post by bondking on Sept 7, 2012 10:38:52 GMT -5
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Post by bondking on Sept 7, 2012 10:41:44 GMT -5
To me, Antitrust experts smell more like a Buyout issue versus a Patent auction. I could be wring though, just speculation like every post on every message board. I still think there is tremendous value in what Kodak owns to a company that knows how to manage innovation. Especially, true when you consider the cost of R&D all the way through being granted even a single patent. WHY does everyone keep speculating on the reason behind EK retaining Antitrust representation? The applicable BK filing clearly indicates Cooley was retained for counsel concerning sales of certain patent portfolios. If Kodak was considering an entire sale of the company why would they mention anything more than the patents?? The patents are most likely the main part of a potential sale process that requires an antitrust opinion....
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Post by Marriott on Sept 7, 2012 10:49:23 GMT -5
Interesting thought.
It is unlikely that a consortium will buy the company . By its very nature, the association is to achieve a specific goal. In this case , its the possession of the patents.
It would be nice , though .
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Post by youseekyoda on Sept 7, 2012 10:57:32 GMT -5
The silence most certainly puts pressure on standing by your decision (Either long or short). It's like watching very, very expensive paint dry. Or even better, a roulette wheel that just wont stop to see what color the ball lands on
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Post by newyorkled2008 on Sept 7, 2012 11:10:20 GMT -5
Unless one's living in a dream...Eventually, it gives way, doesn't it?
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Post by CanadianX on Sept 7, 2012 11:19:35 GMT -5
Unless one's living in a dream...Eventually, it gives way, doesn't it? if this was a poker game I'd accuse Kodak of slow-rolling!
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Post by youseekyoda on Sept 7, 2012 11:21:36 GMT -5
I bet the news (once there is news) will probably hit when I am somewhere where I cannot take any action
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Post by newyorkled2008 on Sept 7, 2012 12:50:59 GMT -5
if this was a poker game I'd accuse Kodak of slow-rolling! Yeah Really!
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Post by cswift71 on Sept 7, 2012 13:23:20 GMT -5
Canadian....always seen this as a high stakes poker game. I am still in the game waiting to see that river card. Nobody knows what that card is going to be. We will find out soon though.
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Post by proforkodak on Sept 7, 2012 18:38:26 GMT -5
1)The BOD chose ch.11 to AVOID being taken over on the cheap! 2)Kodak has PROTECTION from a hostile takeover while they have EXCLUSIVITY to file PLAN of REORGANIZATION. 3) OCTOBER 15 is the date that Kodak's exclusivity EXPIRES. 4) Kodak has a number of technologies that could become VERY valuable within the NEXT 3 years in the area of FUNCTIONAL printing 5) I believe that Kodak will want to create a POR that HIGHLIGHTS both the INTERMEDIATE term (within next year) VALUE, and the LONG term (greater than 1 year) VALUE in Kodaks' EQUITY, to avoid a hostile takeover. 6)The stock market is a device for transferring money from the impatient to the patient. - Warren Buffett The only factor you should not pay much attention to is share price volatility. Nothing is more contrary to the principles of intelligent investing than buying something because it has become more expensive or selling something because its price has fallen. Monitor the company, the balance sheets, the management and the company's primary markets, but try if at all possible to ignore the share price as best you can. Knowledge and attention are the best risk management tools of them all. www.travismorien.com/FAQ/portfolios/longterm.htm
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Post by Pcr54157yahoo on Sept 7, 2012 20:21:30 GMT -5
Takeover makes perfect sense to me at this point. Antitrust, layoff announcements and time period complications. Lots of I's to dot and t's to cross with antitrust and buyout. And why not have Kodak themselves shed the excess baggage with layoffs? How good would it look to employees to have new owners just blow people out of the water with layoffs. It would shatter employee loyalty immediately.
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Post by proforkodak on Sept 7, 2012 21:34:03 GMT -5
It says PLAINLY in the conflict of interest form that the Cooley attorney is to "advise on the sale of certain patent portfolios"
Attorneys canNOT completely MIS state what they are being hired for to a court that is OVERSEEN by the Dept of JUSTICE!!!
STOP being MORONIC!!!
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Post by Pcr54157yahoo on Sept 7, 2012 22:01:28 GMT -5
You believe everything you read? (especially from attorneys) If you do I'll pull my money out mon morning. I still haven't seen shit for proof in pps from all the speculation here.
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Post by proforkodak on Sept 7, 2012 22:57:33 GMT -5
>>>"If you do I'll pull my money out mon morning"<<<
PLEASE PULL ALL YOUR MONEY OUT MONDAY MORNING!!!
And SHOVE IT UP YOUR RECTUM!!!!
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