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Legg Mason unloads the last of its Eastman Kodak (EK) stock, selling 19M shares over the past...

Legg Mason unloads the last of its Eastman Kodak (EK) stock, selling 19M shares over the past two months. This completes a painful 9 month process for fund manager Bill Miller of dumping stock he began accumulating when the price was above $50. Shares today closed at $1.14.
Comments (10)
  • Archman Investor
    , contributor
    Comments (2351) | Send Message
     
    GOOD JOB BILL!!

     

    As per the media, Morningstar, etc you are truly a "Legendary" fund manager.

     

    If only your fund holders could get the hundreds of millions of dollars back you stole from them as you managed their portfolios straight into the ground! I mean I know you need yachts and all but....

     

    Oh well, again good job Bill!!
    10 Nov 2011, 04:30 PM Reply Like
  • HiSpeed
    , contributor
    Comments (1063) | Send Message
     
    Sounds like he's qualified for congress!
    10 Nov 2011, 04:33 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Ouch.......Future Fed president I think...
    10 Nov 2011, 04:34 PM Reply Like
  • wyostocks
    , contributor
    Comments (7619) | Send Message
     
    It took him from $50 to where it has been the last few months/weeks to sell it all?
    This guy still has a job?
    Why would any sane person give him money to manage? And, please don't anyone refer to his past glory days as a fund manager.
    That was then and this is now........
    10 Nov 2011, 04:42 PM Reply Like
  • jschroe36
    , contributor
    Comments (66) | Send Message
     
    Somebody pay him a big fat bonus...he's earned it!
    10 Nov 2011, 11:03 PM Reply Like
  • csparksrmc
    , contributor
    Comments (23) | Send Message
     
    Now is the time to be buying or holding Kodak, not the time to sell shares that you bought at $50/share. Kodak will survive, but it will take a while to come back from its all time low.
    11 Nov 2011, 02:13 PM Reply Like
  • wyostocks
    , contributor
    Comments (7619) | Send Message
     
    And just why might that come to pass?
    11 Nov 2011, 02:38 PM Reply Like
  • Archman Investor
    , contributor
    Comments (2351) | Send Message
     
    EK stands a better chance of being bought that it does fixing itself over time. They are done as a going concern. If you had some cash to take a risk on a possible buyout then i guess it is no better than going to Vegas.
    Then again most Americans are flat broke and cannot. Oh well.
    11 Nov 2011, 03:15 PM Reply Like
  • csparksrmc
    , contributor
    Comments (23) | Send Message
     
    Private Investor, who owns no Kodak shares.
    11 Nov 2011, 02:13 PM Reply Like
  • Financial Insights
    , contributor
    Comments (945) | Send Message
     
    Miller had a good run (outperforming S&P for 15 years), but I don't see how he could have been so naive as to buy Kodak stock when they obviously had no future.
    16 Nov 2011, 08:37 AM Reply Like
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