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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (1937)9/17/1997 10:58:00 PM
From: Terry Maynard   of 78717
 
Michael, I agree that EK is or was valued like a growth stock - probably started when Fischer was brought in from Motorola. However, with $1.8 billion in cash and a wake-up call which is causing management to cut further the stock may be approaching value territory. One of the criticisms is that EK has had no strategic success versus Fuji and they are a little arrogant about the quality of Kodak film versus that of Fuji.

At what price would you view this as a value stock?

Thank you.

Terry
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