Troubling Developments for Kodak
It's been a hard few months for Eastman Kodak (NYS: EK) , but this past week was a real doozy. The stock fell on rumors that the company may be talking with Citigroup (NYS: C) about arranging bankruptcy financing, a development that could see Kodak selling its patent portfolio to meet obligations.
Source: Yahoo! finance.
If Kodak's share price continues to slide, there's a distinct possibility that the stock itself could be delisted. But whoever snaps up Kodak's patents could find itself sitting on a goldmine of possibilities. The future may be hazy for Kodak, but photo bugs out there can still find a reason to smile.
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At the time this article was published Fool.com graphics/photo/art editor Dari FitzGerald doesn't own shares of any companies mentioned. The Motley Fool owns shares of Citigroup. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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