Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission.
October 5, 2005 - JPMorgan Chase expressed concern that Kodak would not do as well through 2006 as the company is estimating, causing Kodak’s stock to fall 3.6%, or 86 cents, to $23.24 a share on the New York Stock Exchange yesterday. JPMorgan analyst Sameer Doctor cites the continuing decreased demand for film worldwide and Kodak’s poor profit in digital imaging as the reasons for the concern, and adds that the company is likely to fall $150 million short of its original mark in 2006.
JPMorgan does not expect Kodak to do as well in 2008 as the company projected either, a time when Kodak will supposedly be finished with its transition to digital.