Kodak Is on the Verge of Being Worth Zero Dollars

Illustration for article titled Kodak Is on the Verge of Being Worth Zero Dollars

Have you taken a look at Kodak's stock today? Get a good look while you can, because it's shitting the bed worse than a disemboweled E. coli patient-already down 60%, to less than a dollar. This is how it ends.

We've known the company's in dire financial shape, but this looks like the beginning of the crew abandoning ship. You can't even order off the Dollar Menu with a share of Eastman Kodak. At a certain point that I doubt is too far off, there's not going to be any value left. Their lawyers might soon be charging up their camera phones for bankruptcy court. [Michael von Poppel]

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I live in Rochester, NY. Kodak is a huge employer here. IIRC, they are the second largest employer, behind the University of Rochester. If they were to truly go under, this place would look like Detroit in no time.