Eastman Kodak is suddenly a COVID-19 play.On July 28, 2020, the company announced it secured a Letter of … Eastman Kodak Company () Stock Market info Recommendations: Buy or sell Eastman Kodak stock? I will size any future investments/trades accordingly.The company will use the money to accelerate the development of Kodak Pharmaceuticals, a division tasked with addressing a national shortage of critical pharmaceutical components.As an initiative borne with urgency from the COVID-19 pandemic, Eastman Kodak firmly establishes itself as a business of national strategic importance.“Kodak Pharmaceuticals will produce critical pharmaceutical components that have been identified as essential but have lapsed into chronic national shortage, as defined by the Food and Drug Administration (FDA). Although Americans consume approximately 40 percent of the world’s supply of bulk components used to produce generic pharmaceutics, only 10 percent of these materials are manufactured in the United States…And so enter Eastman Kodak, a company desperate seeking a growth business.DFC’s loan will accelerate Kodak’s time to market by supporting startup costs needed to repurpose and expand the company’s existing facilities…”Two days later, Eastman Kodak’s prayers were answered in the form of the DFC executive order.
At the beginning of 2018, shares of Eastman Kodak surged from $3 to over $13 on news released at the Consumer Electronics Show that the company … Photographers and other members of the KODAKOne platform who aren't accredited can earn KODAKCoin by accepting licensing payments from their work in KODAKCoin, selling services on the KODAKOne network, or participating in other activities on the imaging supplier's cryptocurrency platform. It's a smaller segment with revenue of just $150 million over the last year, but it's also one of Kodak's most profitable segments as it generated $33 million in operational EBITDA over the same period. The fact is, Kodak is still a long ways off from turning a corner -- KODAKCoin or not.While the company technically shows a profit -- trailing-12-month price to earnings are a mere 2.8 -- Kodak has negative free cash flow over the same time period with an $80 million loss. Hedge Funds Are Selling Eastman Kodak Co. (KODK) The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. The resulting surge in the stock price may well be justified given the critical nature of the work at hand and the scale of the business venture.“The Chief Executive Officer of the DFC may…in consultation with the Secretary of Defense, the Secretary of Health and Human Services, the Secretary of Homeland Security, and the heads of other agencies as he deems appropriate, for the domestic production of strategic resources needed to respond to the COVID-19 outbreak, or to strengthen any relevant domestic supply chains.”Eastman Kodak secured a Letter of Interest for a $765M loan from the U.S. International Development Finance Corporation.“To ensure that our country has the capacity, capability, and strong and resilient domestic industrial base necessary to respond to the COVID-19 outbreak, it is the policy of the United States to further expand domestic production of strategic resources needed to respond to the COVID-19 outbreak, including strengthening relevant supply chains within the United States and its territories.”This latest resurgence of interest in Eastman Kodak should last much longer than past episodes of fleeting interest. For 100 years, Eastman has created innovative products and solutions that touch people’s lives every day. Find the latest Eastman Kodak Company (KODK) stock quote, history, news and other vital information to help you with your stock trading and investing. Eastman is a global specialty chemical company that produces a broad range of advanced materials, additives and functional products, specialty chemicals, and …