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Article: SUCCESSFUL INVESTING: Eastman Kodak rating between 'hold' and 'sell'
- Article from:
- Charleston Gazette
- Article date:
- May 23, 2006
- Author:
CopyrightCopyright 2006 Charleston Gazette. Provided by ProQuest LLC. (Hide copyright information)
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Q. I own shares of Eastman Kodak Co. and am really concerned about
the company's future, which seems uncertain. What's the prognosis? -
V.T., via the Internet
A. The future of this 125-year-old photographic brand is indeed
blurred as it undergoes a painful transformation to keep up with the
times.
With the traditional businesses in which it is the leader eroding
faster than expected, Eastman Kodak has been closing film, paper and
other plants worldwide; making drastic staff cuts; and increasing
prices because of higher costs for raw materials.
Meanwhile, it is aggressively bringing to market new digital
cameras, printing presses and health-care imaging systems.
The company ranked No. 1 in ...