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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (44743)	10/1/2011 4:51:22 PM
From: Paul Senior	2 Recommendations Read Replies (2) \| Respond to of 78659

EK. Kodak's been a ltb&h stock for me. Have held it maybe 80 years. Well 80 years in my family. My cost basis is $41.22 per share, so I've lost 98% of its value. Fortunately...or unfortunately... I've only 15 shares . Kept just as a souvenir. My grandfather worked for the company for 45 years and received stock as part of salary during and after the depression (the '29-'32 one, not this current one -g-). My mom inherited the EK shares. Her only stock. She made a decision to sell most of it, and her timing was excellent -- selling most of Kodak when the stock was near an all-time high in '97 I believe. Kodak was a great company in so many ways. With advent of digital cameras and its sale of Eastman Chemical, there was no financial reason I could see to invest in the company or hold the stock that I had inherited from my mom. So I sold most of my shares. Our family is grateful for benefits received --jobs at EK were had during depression, which helped my grandparents to get through it and to help their neighbors who weren't so fortunate. There were medical benefits and later a full pension. Of course it's fun to speculate what could be if my grandad started his working days at Exxon instead or some other great company in the day, got stock, stayed 45 years, and if the family still had all shares, even without reinvesting dividends. finance.yahoo.com;