Eastman Kodak Shows Signs of Life

Shares of Eastman Kodak Company (NYSE:EK) broke through the $4.50-resistance level today on impressive volume.   That resistance was set back in April this year.  The signs of life for the stock are good news for investors as the stock price has been on life support since starting its decline from highs in January of 1997 (yes, over 12 years of decline).  Further, the stock has declined up to 90% of its April 8, 2004 value, when it was de-listed from the DOW Jones 30.  The company seems to still be leaking money like a fish net holding water, given that recent quarter EPS was at -$0.71/share.  But, we can still hope for the best and that the once proud giant will return to glory.

Disclosure: No positions in EK.