Kodak Collapsed Quickly
Today, Kodak filed for Chapter 11 bankruptcy protection. Shares will be delisted from the NYSE though it's unclear whether the stock will be liquidated or not. That's unlike Blockbuster, which told investors up front that shares soon would be worthless.
My bearish thesis has now played out, faster than expected. I wish Kodak the best of luck in restructuring, staying alive, and getting back on its feet. I'll be watching from the sidelines.
Read more about Kodak's hasty exit:
Can Kodak Save Itself -- or Is It Too Late Already?
Why Kodak Needs to Declare Bankruptcy
A Reverse Split Can't Fix This Broken Stock