Eastman Kodak (NYSE:KODK)

CAPS Rating: 1 out of 5

KODK News and Commentary

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All Players

6 Outperform
44 Underperform
 

All-Star Players

1 Outperform
24 Underperform
 

Wall Street

0 Outperform
1 Underperform
 

Top KODK Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

401ktimer1 (98.27)
Submitted January 11, 2018

Short term trading idea:https://www.cnbc.com/2018/01/10/this-3400-bitcoin-mining-machine-is-a-cornerstone-of-kodaks-crypto-pivot.html

DavidLBack (58.98)
Submitted January 29, 2018

The recent tripling in price of Kodak is unwarranted given the company's cash flow issues, debt covenants and upcoming maturities. I expect the market to focus more on these issues rather than KodakCoin as the year progresses, resulting in… More

KODK VS S&P 500 (SPY)

KODK Summary

Recent Community Commentary

Read the most recent pitches from players about KODK.

Recs

0
Member Avatar joshwebstr (52.36) Submitted: 2/1/2018 1:15:02 PM : Underperform Start Price: $7.45 KODK Score: +21.91

Not sustainable.

Recs

1
Member Avatar DavidLBack (58.98) Submitted: 1/29/2018 3:47:34 PM : Underperform Start Price: $9.58 KODK Score: +37.78

The recent tripling in price of Kodak is unwarranted given the company's cash flow issues, debt covenants and upcoming maturities. I expect the market to focus more on these issues rather than KodakCoin as the year progresses, resulting in underperformance compared to the S&P 500.

Recently the stock increased sharply in reaction to news that the firm had licensed its name to a digital rights management firm. The new product, named KodakCoin, is to provide ownership records and a payment option for licensing photographic content across the web using blockchain technology. Given the estimated size of the coin offering ($20 million?), the license fee is not likely to be material to Kodak in the short run. With similar moves in the share prices of companies issuing crypto-related press releases, one wonders if the recent price action is more the result of a herd following group of investors rather than a long term shift in the outlook for Kodak.

Kodak was the subject of a debt downgrade from Moody's in November 2017, which cited the imaging giant's ongoing lack of free cash flow generation since emerging from bankruptcy and the upcoming maturity of debt in 2019. Although Kodak has more than $300 million in cash, the firm is not cash flow positive and has a term loan with debt covenants that are close to being hit if current trends do not change. The most recent quarterly report from Kodak included a warning that future compliance with covenants may require undertaking "non-operational transactions" (i.e. selling stuff, refinancing or issuing stock). In addition to the debt issues, Kodak has preferred stock with cumulative dividends and anti-dilution features. This preferred is worth noting, as it has a mandatory cash conversion feature that kicks in a few years and is likely on the minds of anyone pricing a debt refinancing.

The expensive borrowing fees (triple digits) from short sellers provide cover for speculators to keep their shares rather than selling. Without an immediate catalyst to generate selling pressure I expect the stock to take up to a year to reflect the financial condition of the firm. In the interim, the company may take steps such as an equity offering to mitigate its cash needs.

Recs

0
Member Avatar Value123 (66.69) Submitted: 1/12/2018 12:19:37 AM : Underperform Start Price: $8.45 KODK Score: +33.01

Retarded crypto enthusiasts.

Leaderboard

Find the members with the highest scoring picks in KODK.

Score Leader

LVPalermo

LVPalermo (57.37) Score: +217.23

The Score Leader is the player with the highest score across all their picks in KODK.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
JCLscapXperiment 97.43 12/15/2014 Underperform 5Y $21.11 -73.71% +35.06% +108.77 1 Comment
CamK05 62.63 3/5/2015 9/8/2015 Underperform 3Y $18.52 -70.03% +29.52% +99.55 0 Comment
ziggystraw 99.11 11/17/2015 Underperform 5Y $12.77 -56.54% +32.43% +88.97 0 Comment
cecamadocv1 99.91 2/5/2016 Underperform 5Y $9.54 -41.82% +42.83% +84.66 0 Comment
twcooper 94.39 1/10/2018 Underperform 1Y $12.50 -55.60% -0.32% +55.28 0 Comment
CashRulez 82.20 1/10/2018 Underperform 3M $12.50 -55.60% -0.32% +55.28 0 Comment
EBITKing 28.86 11/20/2017 Outperform 3M $3.45 +60.87% +5.68% +55.19 1 Comment
cubswin08 33.88 1/10/2018 Underperform 5Y $10.81 -48.63% -0.22% +48.42 0 Comment
tmfatelic 98.91 1/10/2018 Underperform 5Y $10.85 -48.85% -0.48% +48.37 0 Comment
CMFBLSH 88.59 1/10/2018 Underperform 5Y $10.80 -48.61% -0.39% +48.22 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackJimCramer 85.39 11/13/2014 Underperform 3W $22.35 0% 0% 0 0 Comment

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