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Discussion in 'Industry News' started by RattyMouse, Apr 29, 2013.
Does anyone know if selling the film division to their pension plan is good news? It sounds like good news...
Time will tell if it is a good idea or not. It could be that there is no good idea that will reverse fortunes.
A lot depends on the decisions made, and the resources used to support those decisions.
Hopefully, a year from now, we will all be discussing the day that film "turned the corner".
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I hope Kodak can keep it up.
The first sentence of the article credits the profit to a sale of its digital imaging patents. I know that in the business world this a perfectly acceptable way of reporting financial information. But to a simpleton like me, this is akin to a traveling salesman selling his car then saying that he made money that month.
My thoughts exactly, this is a very short-term one-off occurrence. After the pending sale/transfer of the imaging division they don't have anything left to sell off and only then will we be able to see whether the day-to-day business of what's left of Kodak will be profitable.
Recovery takes place a piece at a time.