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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (7587)8/9/1998 8:41:00 PM
From: JEB  Read Replies (2) of 29382
 
Ola Sergio,

EK (Kodak) is completely exposed at this time to the Asian deflation. Fuji is eating their lunch. Agfa is not far behind. EK recently introduced their digital cameras:

biz.yahoo.com

A good idea but their main product (film) is useless for this technology. How much of a market can they take from the new competition, the camera OEM's.

Their earnings last quarter were inflated because of a one time sale of their stake in a company called Gretag Imaging. Their sales fell 8% in 1997.

EK's new acquisition of Imation Medical will not add to earnings for another year:

biz.yahoo.com

Which leads me to believe between now and next quarter earnings, this stock should be a good short.

What do you think?

Good Trading,
JEB
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