Eastman Kodak Company (KODK)

[MinnieM]

I'm on the sidelines. My short was covered early this morning around opening when it was all over the place. My hope is for the deal to go through since I want to see more manufacturing in the US.

My next trade here will be long once I think it might be at a bottom. If I miss it, no worries. My first trade was going long at the start of this move and closed that in the mid 30's. Closed my short flat and made a bunch of money on my long.

Kodak clearly has the ability to ramp up ingredient production for generics. However, it will likely take two to three years to be ramped up for anything other than very small batches here and there.

And, I doubt they'll be making vaccines.

Good luck to all holding here... long or short...





Message in reply to: Bolded

Alright, good luck shorting this.

I;ll be here awaiting manufacturing orders, for approved drugs/vaccines in the next few months.

Samsung biologic announced opening new facilities last month.
All drug manufacturers world-wide, are full booked for the next 2 years or more.

This was all part of the plan.

We don't know the complete deal and why they were given so much money to burn through.
The only reason, is to fast track and crash the project (means do in parallel, and burn heavily without worrying), as order are lined up.