Josef, Edward, Wolfgang,
Kodak is beginning to act like AT&T did for about a year, ending about two months ago. They were an old market giant, not responding to outside pressures, overstaffed in management and $30 a share. I watched and waited and looked away, and they DOUBLED in value. They cleaned out management and investor confidence returned.
Josef, I listen to your comments about customer service and think you've hit on something. Your comment about "second rate" film, though, is just nonsense. Fuji may be preferred, but Kodak film is not second rate, you're just taking a cheap shot at them. The question is simply whether consumer confidence or investor confidence is going to rebound at some stage, and when that will happen. Kodak will take off when it does, and I don't want to miss it this time.
After considering what you've said so far, I would guess that it will follow earnings down to 50 or below, even though it didn't look like it today. We'll see what the reaction is tomorrow.
Regards,
Marc |
