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Eastman Kodak Company (KODK)

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$KODK bullish{*W* formation] breakout from [$10.50 $11] [-chart]finviz.com/chart.ashx?t=KODK&ty=c&ta=1&p=d&s=l[/chart]





$KODK IS CASH COW   $180 million in cash and equivalents

The stock was arguably trading for a bargain before the loan proposition came into play.
At one point during the year, the company's market capitalization fell to $120 million.
That's quite undervalued, considering Kodak generated $1.2 billion in revenue and $116 million in earnings last year.

While the mass adoption of smartphones crushed the digital camera industry, there is still demand for Kodak's legacy products, as well as its new ventures.
Currently, Kodak is investing much of its capital into the digital packaging and print sector, including the utilization of cloud-based platforms.
Kodak's new products will possess the fastest imaging technology available for printing items such as business cards, posters, and wallpapers.

What's the verdict?$180 million in cash and equivalentsased on its earnings from the first half of 2020,
Kodak is still on track to generate approximately $1 billion in revenue this year.
Meanwhile, the company has over $180 million in cash and equivalents to make up for its $113 million in long-term debt.
The company's market cap is about $461 million.



https://finviz.com/quote.ashx?t=KODK
Shs Outstand 43.60M
 
Shs Float

 
Short Float 20.89%
8.18M
Cash/sh 4.69
Insider Own 17.90%
 
Inst Own 23.90%
 




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$KODK Exclusive: Eastman Kodak top executive got Trump deal windfall on an 'understanding'
Reuters
Jessica DiNapoli and Tom Bergin
,Reuters•August 1, 2020
https://finance.yahoo.com/news/exclusive-eastman-kodak-top-executive-213014858.html
 
By Jessica DiNapoli and Tom Bergin
 
NEW YORK/LONDON (Reuters) - Eastman Kodak Co <KODK.N> 
on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described 
 
as an "understanding" with its board that had previously neither been listed in his employment contract nor made public.
 
One day later, 
the administration of President Donald Trump announced a $765 million financing deal with Eastman Kodak, 
and in the days that followed the stock soared, 
making those additional options now held by executive chairman Jim Continenza worth tens of millions.
 
The decision to grant Continenza options was never formalized or made into a binding agreement, 
which is why it was not disclosed previously, according to the person familiar with the arrangement. 
 
The options were granted to shield Continenza's overall stake in 
the company from being diluted by a $100 million convertible bond deal clinched in May 2019 to help Eastman Kodak stay afloat, 
according to the person's account.
 
While Kodak's approach is permissible, 
it is unusual because executives are paid to grow a company's 
long-term value and are not usually given extra compensation 
personally to cover events that may hurt share prices, several experts said.
 
Kodak disclosed the stock options award to Continenza in a filing to 
the U.S. Securities and Exchange Commission, which was previously reported. 
 
But the person familiar with the arrangement told Reuters that the transaction occurred because of the understanding with the board.
 
That arrangement reported by Reuters for the first time sheds new 
light on Eastman Kodak's handling of the unexpected windfall for its 
top executives.
 
An Eastman Kodak spokeswoman said that Continenza had no comment. 
 
The spokeswoman said the gains reflected by the rise in the share 
price are only on paper: Continenza, she said, 
 
"is a strong believer in the future of the company, a
nd has never sold a single share of stock."
 
Prior to this week's financing deal, 
the company warned investors it was at risk of not continuing as a 
going concern, but it was boosted by the agreement with the Trump administration on Tuesday to supply drug ingredients.
 
As a result, Continenza's gains at the end of this week amounted 
to about $83 million following a roughly 10-fold increase in Eastman Kodak's stock, compared to the approximately $53 million in gains he would have seen were it not for the additional options, 
according to a Reuters analysis of company filings.
 
Roughly 29% of the options Continenza received on Monday vested immediately, giving him the right to cash them out as soon as possible.
 
WIDE LATITUDE
 
While most corporate boards and their committees have wide latitude 
in awarding options, three corporate governance experts interviewed 
by Reuters said the move to mitigate the impact of dilution on Continenza's stake in the company without a prior contractual 
obligation was unusual.
 
"The compensation committee's job is not to protect the CEO from 
every adverse effect on the stock price," 
said Sanjai Bhagat, a finance professor at the University of Colorado. 
 
"It's to get the CEO to think about long-term value."
 
A fourth expert, Robin Ferracone, chief executive of compensation consultant Farient Advisors, 
 
said the company may have offered the prospect of additional options 
to executives as they worked toward the convertible bond offering 
 
-- to avoid them being "disincentivized" to seal a deal that would 
help the firm but potentially water down their holdings.
 
The additional options awarded to Continenza, a former telecommunications executive, 
were approved by the board's compensation committee on Monday, 
the spokeswoman said. 
 
Shareholders had voted in May of this year to increase the shares available for executive compensation.
 
"The issue is the board wanted to make sure the CEO had the same economic alignment as was contemplated when he took the job," 
said a person close to the company.
 
The company's market capitalization jumped from a little over $100 million at the start of the week to almost $1 billion by Friday following the deal.
 
Eastman Kodak also granted options on Monday to three other executives, worth $712,000 each, 
according to regulatory filings. Kodak declined to comment on the reason for these awards.
 
Continue reading
 
The company has struggled to reinvent itself from a flagging camera company after emerging from bankruptcy in 2013. 
 
Its selection by the U.S. government for the production of key pharmaceutical ingredients surprised many industry analysts who 
expected such a deal to go to a major generic drug maker.
 
The government's U.S. International Development Finance Corporation released a July 28 statement quoting Continenza as saying: 
 
"Kodak will play a critical role in the return of a reliable American pharmaceutical supply chain."
 
President Trump, too, hailed the development. 
 
"I want to congratulate the people in Kodak," he said at a press briefing. "They’ve been working very hard."
 
(Reporting by Jessica DiNapoli and Tom Bergin; Editing by Greg Roumeliotis, Tom Lasseter and Daniel Wallis)
 
Insider Trading Relationship Date Transaction Cost #Shares Value ($) #Shares Total SEC Form 4
Katz Philippe D Director Jun 23 Buy 2.22 5,000 11,100 116,368 Jun 24 04:43 PM
CONTINENZA JAMES V Executive Chairman Jun 23 Buy 2.22 46,737 103,756 650,000 Jun 24 04:41 PM
Katz Philippe D Director Jun 11 Buy 2.48 5,000 12,400 111,368 Jun 15 05:09 PM
Bullwinkle David E CFO and Senior Vice President May 18 Buy 2.64 2,872 7,582 43,853 May 20 07:07 PM
MARX MOSES 10% Owner Mar 23 Buy 1.55 53,729 83,280 300,303 Mar 25 02:05 PM
Samuels Eric CAO and Corp. Controller Mar 21 Option Exercise 0.00 1,503 0 20,244 Mar 24 04:54 PM
CONTINENZA JAMES V Executive Chairman Mar 20 Buy 1.79 50,000 89,500 603,263 Mar 24 04:55 PM
Katz Philippe D Director Mar 20 Buy 1.72 40,000 68,800 93,362 Mar 24 04:50 PM
Byrd Roger W. General Counsel, Sec., SVP Jan 16 Option Exercise 0.00 18,878 0 21,878 Jan 21 04:04 PM
Engelberg Jeffrey D. Director Jan 08 Option Exercise 0.00 52,817 0 148,953 Jan 10 04:33 PM
BRADLEY RICHARD TODD Director Jan 08 Option Exercise 0.00 52,817 0 112,341 Jan 10 04:32 PM
KARFUNKEL GEORGE Director Jan 08 Option Exercise 0.00 52,817 0 6,363,126 Jan 10 04:31 PM
CONTINENZA JAMES V Executive Chairman Dec 23 Buy 2.50 400,000 1,000,000 553,263 Dec 26 04:31 PM
KARFUNKEL GEORGE Director Dec 23 Sale 2.50 400,000 1,000,000 6,306,276 Dec 26 04:30 PM
KARFUNKEL GEORGE Director Dec 03 Buy 2.50 4,437,605 11,094,013 6,706,276 Dec 05 04:31 PM
Katz Philippe D Director Dec 03 Buy 2.50 2,218,803 5,547,008 2,522,011 Dec 05 04:30 PM
Blackstone Group Inc 10% Owner Dec 03 Sale 2.50 8,875,211 22,188,028 0 Dec 04 09:09 AM
GSO CAPITAL PARTNERS LP 10% Owner Dec 03 Sale 2.50 8,875,211 22,188,028 0 Dec 04 09:02 AM
CONTINENZA JAMES V Executive Chairman Nov 27 Buy 2.45 53,263 130,494 153,263 Dec 02 05:19 PM
Vandagriff Randy Vice President Nov 12 Buy 2.48 4,000 9,920 12,205 Nov 13 04:33 PM
Vandagriff Randy Vice President Sep 03 Option Exercise 0.00 6,410 0 10,135 Sep 05 04:32 PM
Samuels Eric CAO and Corp. Controller Sep 03 Option Exercise 0.00 7,483 0 20,193 Sep 05 04:31 PM
Taber Terry R Senior Vice President Sep 03 Option Exercise 0.00 12,347 0 47,180 Sep 05 04:32 PM
O'Grady John G. Senior Vice President Sep 03 Option Exercise 0.00 19,910 0 33,322 Sep 05 04:30 PM
Bullwinkle David E CFO and Senior Vice President Sep 03 Option Exercise 0.00 14,957 0 46,062 Sep 05 04:29 PM
Engelberg Jeffrey D. Director Aug 15 Buy 2.11 21,612 45,601 85,000 Aug 19 04:31 PM
CONTINENZA JAMES V Executive Chairman Aug 15 Buy 2.04 70,000 142,800 100,000 Aug 15 04:29 PM
Katz Philippe D Director Aug 14 Buy 2.02 10,000 20,200 40,000 Aug 15 04:29 PM
CONTINENZA JAMES V Executive Chairman Aug 14 Buy 2.00 10,000 20,000 30,000 Aug 15 04:29 PM
Bullwinkle David E CFO and Senior Vice President Aug 13 Buy 2.15 3,250 6,988 31,105 Aug 15 04:30 PM
CONTINENZA JAMES V Executive Chairman Aug 13 Buy 2.12 20,000 42,400 20,000 Aug 15 04:29 PM
Katz Philippe D Director Aug 13 Buy 2.08 30,000 62,400 30,000 Aug 15 04:29 PM





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KODK News: Current Report Filing (8-k) 09/16/2020 09:13:21 AM
KODK News: Amended Statement of Ownership (sc 13g/a) 09/10/2020 04:51:56 PM
KODK News: Amended Statement of Ownership (sc 13g/a) 09/10/2020 04:50:40 PM
KODK News: Statement of Changes in Beneficial Ownership (4) 09/08/2020 07:07:23 PM
KODK News: Statement of Changes in Beneficial Ownership (4) 09/08/2020 06:55:08 PM
PostSubject
#3159  Sticky Note $KODK bullish{*W* formation] breakout from [$10.50 $11] [-chart]finviz.com/chart.ashx?t=KODK&ty= mick 09/16/20 09:35:01 AM
#1177  Sticky Note USA biopharmas moving from China to Kodak crudeoil24 07/29/20 07:09:07 PM
#656  Sticky Note Trump talks KODAK (KODK) MUST LISTEN 22:26 [SMART MONEY] 07/28/20 06:33:48 PM
#649  Sticky Note $KODK https://www.marketwatch.com/story/kodaks-stock-nearly-triples-after-report $Pistol Pete$ 07/28/20 05:47:24 PM
#4014   Campaigning for a any political party has its lineItemVeto 09/29/20 08:06:23 PM
#4013   “The increased Chinese dominance of the global API Keystoner 09/29/20 07:06:35 PM
#4012   I'm hoping it goes down to upper two's Bruins0704 09/29/20 06:44:03 PM
#4011   Their not there and no, they won’t be Always wondering 09/29/20 06:42:59 PM
#4010   Exactly!! This stock is going south! vortmaximum 09/29/20 05:17:56 PM
#4009   Note there seems to be no Rs talleyrand 09/29/20 04:16:09 PM
#4008   Me too Always wondering 09/29/20 02:57:49 PM
#4007   Good points. But these politicians don’t imrichbeotch 09/29/20 02:57:33 PM
#4006   LOL. Just saying. It’s not like it will Always wondering 09/29/20 02:55:01 PM
#4005   Well in that case I feel better lol imrichbeotch 09/29/20 02:52:32 PM
#4004   I completely disagree. The loan will be going Always wondering 09/29/20 02:51:23 PM
#4003   Exactly and if trump loses they will just imrichbeotch 09/29/20 02:20:12 PM
#4002   With the insane amount of information they want vortmaximum 09/29/20 11:45:26 AM
#4001   Damnit man! imrichbeotch 09/29/20 10:36:17 AM
#4000   These blowhards will cause a significant delay here. vortmaximum 09/29/20 08:10:43 AM
#3999   The Dem controlled committee just taking it up vortmaximum 09/29/20 07:47:11 AM
#3998   KODK, NO decision for at least 3 weeks! vortmaximum 09/29/20 07:08:59 AM
#3997   https://townhall.com/columnists/jdhayworth/2020/09/28/domestic-drug-manufacturin emit 09/28/20 07:21:33 PM
#3996   Disclosure --RE --Spam ernie44 09/28/20 04:53:03 PM
#3995   Great article. Shows you all the tricks stockpix666 09/28/20 07:51:13 AM
#3994   Good article, lets go KODK time to release vortmaximum 09/28/20 05:38:14 AM
#3993   hold on tight buckaroos! talleyrand 09/28/20 05:21:58 AM
#3992   Katz and crew are on the job. ernie44 09/27/20 10:57:31 PM
#3991   As a share PnD play, there will be lineItemVeto 09/27/20 08:55:01 PM
#3990   Release the Kraken!!!!! yamasushi 09/27/20 08:04:53 PM
#3989   By the way, when they release the loan sirglenn 09/27/20 06:11:51 PM
#3988   You're right. Nobody seems interested except for the sirglenn 09/27/20 06:03:23 PM
#3987   It seems to have been swept under the lineItemVeto 09/27/20 12:37:28 PM
#3986   Interesting connection happening here with LI CYCLE/KODAK PARK Keystoner 09/27/20 11:14:33 AM
#3985   [-chart]www.stockscores.com/chart.asp?TickerSymbol=KODK&TimeRange=90&Interval=d& mick 09/27/20 10:59:56 AM
#3984   oh yes we will rock soooooooooooooooooon usgirls 09/27/20 10:47:03 AM
#3983   It is less an "investigation" and more of talleyrand 09/26/20 04:14:04 PM
#3982   My hunch before the election. timetomakemoney 09/26/20 07:26:41 AM
#3981   Eastman Kodak Compan (KODK) mick 09/25/20 08:31:09 PM
#3980   This Kodak deal is needed badly; and when emit 09/25/20 08:16:44 PM
#3979   News on investigation will be out within two forgetaboutit1 09/25/20 06:30:30 PM
#3978   Any idea when the investigations will conclude? legotech 09/25/20 05:18:28 PM
#3977   Agreed. Lord blowmo will see to it vortmaximum 09/25/20 10:25:40 AM
#3976   Kodak will rise again. Schumer and Prince talleyrand 09/25/20 09:03:36 AM
#3975   Interesting pre-market action, quite the surge to about vortmaximum 09/25/20 08:34:33 AM
#3974   i will reading $KODK mick 09/25/20 08:34:16 AM
#3972   INDEED SOON $KODK mick 09/24/20 09:25:18 PM
#3971   LIKE HE DID BEFORE ????? NOT $KODK mick 09/24/20 09:24:27 PM
#3970   Has to be. Cuomo wants this too. Gendrin 09/24/20 09:19:06 PM
#3969   Thats's a great start. Now we wait for yamasushi 09/24/20 08:56:06 PM
#3968   Yeah......but he didn’t say Kodak Barbiegotballs 09/24/20 08:47:54 PM
#3967   $KODK 09-24-2020 TRUMP SAID & TONIGHT'S SPEECH "WE mick 09/24/20 08:18:26 PM
#3966   With only 78mm shares Outstanding, any positive loan yamasushi 09/24/20 07:09:14 PM
#3965   I'm out sold puts this morning.Did ok nothing Kenneth Howell 09/24/20 07:06:44 PM
#3964   Kodak desperate for TAXPAYER’S money... tapping credit lines, Playinforkeeps 09/24/20 04:10:19 PM
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