The beloved camera company that we all know, love, and respect is on the verge of filing bankruptcy. Share prices have been as low as 47 cents; the New York Stock Exchange informed Kodak that if the share price did not reach $1 within 30 days that could potentially be unlisted.
With the advent of digital photography we have seen a rise in Canon, Nikon, Panasonic and more; however, Kodak has always been on one side of the spectrum that is cameras and print. On the other hand, this time it seemed like specializing in one thing and not being dominant might have hurt the company.
Kodak will try to auction off it’s patent portfolio to stay afloat during this critical time.
Bottom line: Kodak has had a tremendous run, let’s just hope that they can regroup.