Wednesday, February 15, 2012

Hi! Manager: Thoughts on Kodak's bankruptcy

The news on January 19 that Eastman Kodak, the 131-year-old photography pioneer, had filed for Chapter 11 bankruptcy protection was not a big surprise for me because Moody's Investors Service had cut ratings on Kodak's debt since January 5 and cited a negative outlook that there was a heightened probability of a bankruptcy in the near term.

Read the rest of the article at The Nation

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