Friday, September 30, 2011

The Fall of a Great American Company...

Eastman Kodak (EK -49.1%) nosedives on a report the company is hiring restructuring lawyers. Two days ago, Fitch cut its rating on Kodak's debt to a level suggesting a default is probable.


Eastman Kodak was in the Dow Jones Industrial Average from 1930 to April 1, 2004.  Obviously Kodak's demise was the development of digital photos and cameras.


Today it is down 0.89 to 0.79 a share.  Check out the long term chart:

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