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  1. #11

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    Quote Originally Posted by Roger Cole View Post
    Maybe one time write offs? Hard to imagine any other way you could lose 160 million on 180 million in sales.
    If you have a dollar in sales, and $160 million in fixed and (somewhat) variable overhead expenses, like salaries, pension expenses, office rent, depreciation, etc., etc., it's pretty easy to lose any amount of money, having nothing to do with your sales volume.
    "What drives man to create is the compulsion to, just once in his life, comprehend and record the pure, unadorned, unvarnished truth. Not some of it; all of it."

    - Fred Picker

  2. #12
    zsas's Avatar
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    More good news:

    Judge lets Kodak sell two disputed patents; stock jumps
    http://www.rbj.net/article.asp?aID=192071
    Andy

  3. #13
    CGW
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    Quote Originally Posted by zsas View Post
    More good news:

    Judge lets Kodak sell two disputed patents; stock jumps
    http://www.rbj.net/article.asp?aID=192071
    "Around 3 p.m., Kodak shares (OTC: EKDKQ) were trading at 52 cents, up from a close of 40 cents the day before."

  4. #14
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    What is your point?
    Andy

  5. #15
    Brian C. Miller's Avatar
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    "I'm not dead yet!"

  6. #16
    Roger Cole's Avatar
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    Quote Originally Posted by zsas View Post
    What is your point?
    His point is probably just "if 40 cents is the problem 52 cents ain't the answer."

    While I concede that is true, it still represents a thirty percent increase in one day.

    And if you pay a penny for something and sell it for two cents you've made 100% profit but you've still only made a penny.

    But it's about as much positive move as one could hope for in a single day. It's a start, and it's much better than going down.

  7. #17
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    Not sure what CGW meant either, I hope he meant it as a positive thing, but who knows.

    I believe when one multiplies the existing shares (271.9m) by the close $0.51, the company (in bankruptry no less), and compare it to yesteday (271.9 mill x $0.40) increased market cap by $30 million. Not a bad sign. Sure the company is a low stock, but those two patents are in theory worth $30 million (to traders)....maybe the patent sale will be good, there are 1,100 patents....
    Last edited by zsas; 08-02-2012 at 10:07 PM. Click to view previous post history. Reason: forgot a number
    Andy

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