Eastman Kodak(EK) still not photogenic

Once again Eastman Kodak (EK) has disappointed investors again as it posted 2nd quarter profits that trailed analysts estimates.  The company says in the first half of this year due to the unprecedented increase in commodity prices, cost reductions in Entertainment imaging they were not able to keep up with revenue declines for the period. Going forward, however, they will be aggressively managing the cost side of the equation in FPEG including the adjustment of cost structure in ways that will enable a sustainable, profitable business model...

 

However with a FusionIQ score that is still low, a 31 (Master Technical Score) – It appears EK shares will be dead money for a while.

Did you also know that Fusion offers money management services? Take our complimentary risk profile at www.fusioninvest.com/riskprofiler or call us toll free at 1-888-661-2022 to set up a call with an advisor.


Comments
charles growdon said:

So if it's "dead money" how do you reconcile the technical buy signal from 2 days ago? Presumably the B,S & N indicators are purely technical and don't take the fundamental score into account?


Posted at July 31, 2008 4:14 PM
Admin said:

Charles the dead money reference refers to its long term low rank in FusionIQ - the BUY SELL and NEUTRAL signals are purely technical and meant to be for very short-term trading - BEST.

Posted at August 3, 2008 8:47 PM
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