Seeking Alpha

UniPixel higher after Kodak bankruptcy plan approved

  • UniPixel (UNXL +5.2%) is catching a bid after touch sensor manufacturing partner Kodak has its restructuring plan approved by a U.S. bankruptcy court.
  • Kodak is planning to sell $406M in stock to finance its efforts to emerge from Chap. 11 as a streamlined provider of commercial printing/imaging and touch sensor solutions.
  • UniPixel announced a partnership with Kodak in April, through which Kodak will produce touch sensors leveraging UniPixel's UniBoss film. Equipment installation started in Q2.
  • Williams Capital is a fan of the deal; Citron Research isn't.
  • Though still well above last fall's levels, shares are down 61% from an April high of $41.42.
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Comments (1)
  • goodybob
    , contributor
    Comments (257) | Send Message
     
    Williams Capital is the correct one then. All looking good for a great future. Shorts FUD proven wrong again.
    23 Aug 2013, 08:30 AM Reply Like
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