Re: [Leica] Kodak stock is down(way down!) this morning.

[Seth Rosner <sethrosner@direcway.com>]

Hello John:

I've got a serious inquiry below.

- ----- Original Message ----- 
From: "John Nebel" <nebel@csdco.com>
> The Sinar rep stopped by a few weeks ago and helped with some problems,
> solved with software, and quietly pitched their newest, the Sinarback 54
> which has upgraded anti-blooming and improved dyes on the sensor.  Sinar
> paid Kodak for the R&D and got exclusive rights on the chip for a year.

Does this suggest that perhaps Kodak's proprietary digital technology is
world-class competitive? I'm truly curious since I've been following Kodak
shares as a possible investment in my retirement account.

Of course film has been their massively important product since forever and
the yellow box  is among the most recognized signatures in the world (after
Coke, IBM and Ferrari!!). That franchise is only dead (long term) if Kodak
cannot develop a credible, competitive digital business. They have very
capable R&D people working to do just this.

If the Sinar-licensed chip is this good, it is possible that this vertical
drop in Kodak shares offers a very good buying opportunity. Assuming the
dividend ($1.80/annum, payable semi-annually) is safe, at yesterday's
closing price, the return is 6 1/4 %, about four times what the local
savings bank is paying.

Interesting.

Seth

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