[Leica] always have a camera - now Kodak

[sethrosner at nycap.rr.com (Seth Rosner)]

Jayanand, I hear you. Especially in view of Madoff's multi-billion dollar 
scam and this week's announcement by Satyam's Ramalina Raju. But I am 
skeptical that Mr. Perez, all of top Kodak management and their auditors 
will risk long jail sentences to implement the kinds of frauds that would 
materially affect these figures. IMO, that's not the risk in Kodak shares. 
The risk is that they will fail in the turnaround and not be able to compete 
with the Asian manufacturers in the imaging field and with Hewlett-Packard 
in the printer field.

----- Original Message ----- 
From: "Jayanand Govindaraj" <jayanand@gmail.com>
To: "Leica Users Group" <lug@leica-users.org>
Sent: Wednesday, January 07, 2009 9:50 PM
Subject: Re: [Leica] always have a camera - now Kodak


> Seth,
> In this day and age, do one more thing. Assess how believable the annual
> accounts are, and rework your figures. After the last few years, I would 
> be
> very wary of accepting any figure from any company as gospel truth...
> Cheers
> Jayanand
>
>
> On Thu, Jan 8, 2009 at 3:19 AM, Seth Rosner <sethrosner@nycap.rr.com> 
> wrote:
>
>> P.S. I've bought some Kodak shares for my retirement account. Shares 
>> closed
>> today at $7.34. As of 9/30/08, shares had a book value of $15.97, 
>> tangible
>> book value (ex: goodwill and intangibles) of $8.73, and the Company had
>> $6.72/share in cash. Shares are selling at 1950's prices.
>>
>> _______________________________________________
>> Leica Users Group.
>> See http://leica-users.org/mailman/listinfo/lug for more information
>>
>
> _______________________________________________
> Leica Users Group.
> See http://leica-users.org/mailman/listinfo/lug for more information


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