I agree with you 100%.
Originally Posted by HerrBremerhaven
Most manufacturers in the EU and Americas are forced to finance their operations with debt. Much of it is high-yield and the Hedge Funds are the largest buyers in these markets.
Corporate finance in the EU and Americas have tried to create a market for their high-yield bonds for a very long time. The result is that Hedge Funds can descend on these operations and jerk the management around like puppets because they control the appetite for the company's debt. Not surprisingly, most financial analysts are a lot more interested in the debt offerings of manufacturers than the stocks themselves.
Now CFOs are complaining about Hedge Funds and this is akin to Dr. Frankenstein confronting his own monster and trying to convince it that it doesn't know its place.
Kodak's brand transformation will be very difficult execute. They have traditionally been a maker of low-priced consumables and, for better or worse, they are now a maker of consumer electronics. Kodak hasn't really done much in the digital world for photo enthusiasts. And, like it or not, inkjets will become, increasingly, an enthusiast market. The rest of the photo takers will simply be content to pay a few cents to Walmart or Costco for prints - or, as is increasingly the case, eschew reflection prints altogether.
Apple did have some credibility in high-priced electronics before tackling consumer electronics. The gap wasn't nearly as large as the one Kodak faces now. They were pioneers in both PDAs and MP3 players and still couldn't make the former work for them.. Kodak, on the other hand, is arriving late to the party.
But none of that really matters to me - I just want to be able to buy Tri-X and the odd roll of T-max for a bit longer...