Kodak Posts loss, is Profitability Possible?

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Kodak is an old company, an “icon of the 20th century”, unfortunately for Kodak the days of using film are numbered and technology will soon be sweeping away film rolls, negative prints, and the Kodak itself.

With the proliferation of digital cameras, consumers have little use for camera film, especially when SD cards allow people to take multiple shots without worrying having to worry about wasting expensive film rolls trying to get that one perfect picture.

If it is to survive, Kodak has to restructure itself and cater to digital film processing market. Kodak has already begun installing digital photo processing and printing stations at its film processing locations but it has to do more! The name Kodak still makes consumers think “film”. Kodak needs to work on its image and make people think “pictures” when they hear Kodak. They need a marketing campaign that shifts focus from film to camera accessories like printers, photo printing paper, and digital photo processing.

Response to: A Taste for Debt

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I read an article by Yahoo! Columnist Robert Kiyosaki who drew a comparison between imperial Spain and the United States. He argues that the good economy we have now is bought on the credit used by consumer via high interest credit cards to governments who borrow from other countries to finance their daily affairs.

He explains that like Spain whose monarchs had a thirst for conquest and war and borrowed to pay for it, the United States and other debtor nations have been borrowing money like crazy to pay for the things they crave. Most importantly, he touches on the inflated price caused by all the borrowing.

Like Mr. Kiyosaki I too believe the roaring global economy we have right now is largely due to credit. At department stores I see people paying for a $150 pair of jeans with a chase credit card and my home state of California applying for savings bonds to pay for things like painting schools. Yes, debt has gotten way out of control and if this trend of borrowing continues the whole world is going to be in for a world of hurt.

Metabolix IPO MBLX

I was looking at some of the upcoming IPO’s this morning and I found a company called Metabolix (MBLX). It manufactures environmentally friendly plastics for use in almost everything. It’s set to debut between $12 and $14 a share. This stock will be going on my watch list and possibly included in my Million Dollar investing challenge.

IPO: Metabolix MBLX

I was looking at some of the upcoming IPO’s this morning and I found a company called Metabolix (MBLX). It manufactures environmentally friendly plastics for use in almost everything. It’s set to debut between $12 and $14 a share. This stock will be going on my watch list and possibly included in my Million Dollar investing challenge.

Metabolix Company Website