What you see here is the history of Kodak stock starting from 1978. In the mid-1990s the stock peaked at over $90 per share, but has experienced a slow demise since then, and is currently at $3.70 a share. What’s more, the company just announced yesterday that profits fell a staggering 95% in the fourth quarter of 2010. During that quarter the company earned just $22 million, compared to the $443 million it earned during the same period a year earlier.
Acquisition rumors have been swirling around for quite some time now as the stock continues its free fall. Any predictions on what will become of this once-great company?
Update: Kodak still sees a “big silver lining” amidst all this bad news.