We keep an eye out for companies that are truly struggling and may be headed for disaster. Stocks on are watch list are typically losing money, filing for bankruptcy or fighting to survive. We urge investors to do their homework when a company reaches this stage. Kodak is one of the companies that comes up on our radar.
At one point in history, Kodak was the undisputed heavyweight champion of the professional- and consumer-grade photography worlds. Its Brownie and Instamatic cameras and line of photographic films and papers made the company one of the best-known companies in the world. However, competition from Fujifilm and a delayed entry into digital photography largely doomed the Rochester, N.Y.-based company. Following bankruptcy in 2012 and the selling-off of most of the company’s intellectual property, Kodak is looking at a multitude of strategies to stay afloat, including launching a cryptocurrency.
Rating: Smells like trouble