Kohlberg Kravis Roberts & Co. disclosed that it now holds 40,000,000 shares (13% of the total outstanding). The firm's holdings are in the form of warrants, at $7.41 per share, which they purchased in a private placement of convertible senior notes on Sept. 23. As a condition of the transaction, two representatives of Kohlberg Kravis Roberts & Co. were named to Eastman Kodak's board on Sept. 29.

Kodak (EK), Chesapeake (CHK), Terra (TRA) and Peabody (BTU) could also be potential takeover targets, adds host Melissa Lee. That’s according to Morgan Stanley.

Dividend Disasters: David Peltier, Portfolio Manager of the Dividend Stock Advisor, reveals three dividend stocks to say away from.
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8.5

Kodak Zi6 mini-camcorder

It's easy to see why Kodak is in the single digits; its shares fell about 9% last week, and were trading around 6.60 after the once-mighty film giant withdrew its 2008 guidance for sales and operating earnings, its second warning in six weeks. Kodak has failed to keep pace in a market dominated by digital photography, and cited a weak dollar and global recession for its current troubles. Analysts thought the company could earn 26 cents a share next year, atop earnings of 17 cents this year. Now they expect it to earn 20 cents in 2009. Still, Kodak's no candidate for a government bailout. It has whittled long-term debt to about 22% of total capital, and generates enough cash to pay a dividend of 50 cents a share, for a yield of 6.9%. The stock looks expensive at 33 times the revised "09 forecast, but sells for less than half book value of $16.30 per share.

From a recent Mad Money show:"They compete head to head with Hewlett-Packard (HPQ). Hewlett reported a great quarter and went down 15 points. That's your play."

5.50%

From a recent Mad Money show: "I want to say goodbye to Eastman Kodak. The business world is just too tough for them right now."

good solid company

how can this company go from first to worst despite owning the industry just 10-15 years ago. can you say buggy whip?

What future do they have with the possible exception of printers.

a bunch of jerks

not going anywhere as of yet

Wick is short Eastman Kodak (EK), which he says isn't gaining traction in the printer business and continues to be hurt by the digital-photography revolution.

One of America's most impressive stories, destroyed. Many missed opportunities to turn things around. Too late? See IBM for opposite.

this should be like Mastercard but "Not". Kesois and cameras great but where is the growth?

company can not get it together

Hign PEG

What a big joke!