It's not common knowledge but one of Kodak's biggest competitors during the Polaroid days was Down's Manufacturing. They made Polaroid-compatible cartridges that had 47 exposures instead the normal 46.
Kodak was a chemical manufacturer from way back. They were competitors with Sigma/Aldrich. I was a chemistry major in undergrad before pharmacy school, and we used them as one of our primary suppliers. Still have one of their chemical catalogs from back then on the shelf.
When I was young I liked looking through science and technology catalogs even though I never ordered anything. Everything looked so fascinating and sciency...chips, diodes, chemical solutions...must have been all the little pictures and lab diagrams.
The chemistry behind film photography is fascinating. I can't say I ever wondered why they didn't transition to pharmaceutical precursors, but then again I'm not a Very Stable Genius!
I use to work for Kodak, great company to work for back then and retired from them about 10 years ago.
They did own Eastman Chemical and Bayer Pharmaceutical way back but did sell them both. From this they did have a large amount of patents in those fields, chemicals and pharma, so they should be pretty well set.
It makes perfect sense. Old school photographic film and paper production and processing are focused on chemical processes. Kodak's primary strength has always been supporting extremely high quality chemical processes at extremely large scales. They are the perfect company to tap to make drugs. I'm kicking myself for not thinking of this earlier. The Trump administration completely knocked it out of the park on this one. It will result in lots of US jobs and lots of inexpensive generic US made drugs. Brilliant!
The news sent Kodak’s stock price up as much as 350 percent to $11.80 Tuesday morning. The shares were recently trading at $8.76, more than triple Monday’s close of $2.62.
If only we were privy to inside information and immune to insider trading laws like Congress.
Kinda wish I bought the stock before it fuggin tripled today lol.
Who could have foreseen a photography company converting into a pharmaceutical company.
They do have chemists since film photography is a chemical process. It's a brilliant pivot for a dying company.
They give us the nice bright colors
It's not common knowledge but one of Kodak's biggest competitors during the Polaroid days was Down's Manufacturing. They made Polaroid-compatible cartridges that had 47 exposures instead the normal 46.
Kodak was a chemical manufacturer from way back. They were competitors with Sigma/Aldrich. I was a chemistry major in undergrad before pharmacy school, and we used them as one of our primary suppliers. Still have one of their chemical catalogs from back then on the shelf.
When I was young I liked looking through science and technology catalogs even though I never ordered anything. Everything looked so fascinating and sciency...chips, diodes, chemical solutions...must have been all the little pictures and lab diagrams.
The chemistry behind film photography is fascinating. I can't say I ever wondered why they didn't transition to pharmaceutical precursors, but then again I'm not a Very Stable Genius!
Probably had to do with the cleanliness and QA for pharmaceutical, they are very high.
and the equipment/facilities to produce
Who could forget the Carousel?!
I use to work for Kodak, great company to work for back then and retired from them about 10 years ago.
They did own Eastman Chemical and Bayer Pharmaceutical way back but did sell them both. From this they did have a large amount of patents in those fields, chemicals and pharma, so they should be pretty well set.
It seems a lot of people foresaw this because Kodak's stock price tripled as soon as the market opened today, many hours before Trump announced it.
It was reported by the Wall Street Journal before trump mentioned it
It was a cloak-and-daguerreotype move!
It makes perfect sense. Old school photographic film and paper production and processing are focused on chemical processes. Kodak's primary strength has always been supporting extremely high quality chemical processes at extremely large scales. They are the perfect company to tap to make drugs. I'm kicking myself for not thinking of this earlier. The Trump administration completely knocked it out of the park on this one. It will result in lots of US jobs and lots of inexpensive generic US made drugs. Brilliant!
My grandfather would have been proud. He worked for decades at Kodak on their chemical engineering processes. Damn.
Pesky insider trading laws keeping the rest of us from cashing in.
Holy geese...
7.94 +5.32 (+203.05%)
But don't investors understand, it doesn't work!! Why would investors suddenly put money in something that everyone knows doesn't work?!?
Stonks go brrrrrt
The market cares about facts not feelings
And truth over facts!
yeah that sucker has potential to his $20 per while im still in my twenties ;)
Happened at market open today. Talk about insider trading.
If only we were privy to inside information and immune to insider trading laws like Congress.
Wait for the bounce once all the retail customers sell off to lock in their profits.