Already serious problems Kodak worsened even more. Digging for several years brings nothing but losses. And yesterday there was a real collapse of shares - immediately on 27%. At the close of trading, the share price was only $1.74 per share.
So cheap securities Kodak have not been evaluated for more than 38 years. As noted in the newspaper The Financial Times, this year alone, the shares lost 70% in price. But even at the end of the last century, their value was almost $100 per share.
The reason for such a sharp collapse was the company's announcement of its intention to raise $160 million in borrowed funds.
The reason for such a resounding failure is that the company failed to respond in time to market changes - at a time when everyone was switching to digital photography, Kodak continued to invest heavily in the rapidly aging "film".