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  • The Biggest Turnaround Story In 2014 Will Be J.C. Penney  [View article]
    Good article, but JCP has too much baggage. One bad quarter more, with real numbers reported, and it will be in such a hole that it's downward spiral will be unstoppable. Prospective investors should visit the stores, not just listen to analysts. The home goods departments are particularly depressing, with few goods and fewer staff. The mood and atmosphere is that of a museum, not a retail store.
    Jan 21, 2014. 11:44 AM | 4 Likes Like |Link to Comment
  • Unsurprisingly, Eastman Kodak (EKDKQ.PK) is extending the deadline for bidding on its patent portfolio. The first round of bids from two consortia of tech companies proved fairly disappointing[View news story]
    Wait and see. There is significant value there.
    Aug 14, 2012. 02:52 PM | Likes Like |Link to Comment
  • Two consortiums are bidding on Eastman Kodak's (EKDKQ.PK) 1,100 patents, the WSJ reports. One features Apple (AAPL), Microsoft (MSFT), and patent troll Intellectual Ventures. Another features Android partners Google (GOOG), Samsung (SSNLF.PK), LG, and HTC, along with RPX (RPXC). Bids are due on Monday. The report comes after the ITC dismissed a Kodak suit related to an image-preview patent, and Apple lost a bid to move a separate Kodak suit out of bankruptcy court.   [View news story]
    Good news. A good bidding result is the best hope for a substantial recovery to bondholders.
    Jul 28, 2012. 07:03 AM | Likes Like |Link to Comment
  • Kodak (EKDKQ.PK) files an emergence performance plan with a bankruptcy court in New York that spells out potential compensation for its management team. At last look, the company had $574M in cash and was showing close to a $20M per month loss, although it has been cleared to sell patents and start the process of paying off creditors.  [View news story]
    If the patent sale goes as planned, the bondholders might get a recovery in the 50% range, the stockholders nothing.
    Jul 11, 2012. 10:18 PM | Likes Like |Link to Comment