Let me preface this by stating this is an opinion article. The idea that Kodak is entering the cryptocurrency world means that this could be the beginning of the end for the cryptocurrency run. Using an ICO to save a company just seems like a terrible plan, considering the ICO market is under heavy scrutiny. Kodak has been falling in stock price and this news is going to put unnecessary volatility in the company’s stock.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Eastman Kodak income statement, its balance sheet, and the statement of cash flows. Potential Eastman Kodak investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Eastman Kodak investors may use each financial statement separately, they are all related. The changes in Eastman Kodak's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Eastman Kodak's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of Eastman Kodak
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Eastman Kodak performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Eastman Kodak shares is the value that is considered the true value of the share. If
the intrinsic value of Eastman is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Eastman Kodak. Please read more on our
fundamental analysis page.
How effective is Eastman Kodak in utilizing its assets?
Eastman Kodak Co reports assets on its Balance Sheet. It represents the amount of Eastman resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, Eastman Kodak aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Technology Hardware, Storage & Peripherals space. To get a better handle on how balance sheet or income statements item affect Eastman volatility, please check the breakdown of all its
fundamentals.
Eastman Kodak Gross Profit
Eastman Kodak Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Eastman Kodak previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Eastman Kodak Gross Profit growth over the last 10 years. Please check Eastman Kodak's
gross profit and other
fundamental indicators for more details.
Is Eastman Kodak valued adequately by the market?
The good side to this is it will give photographers the ability to operate in a decentralized market, providing more opportunities. If Kodak can spin this into something everyone can use with ease, it just might be the right step in turning the company back to its former glory.
On top of the Kodak announcement, South Korea’s government announced they are going to stop cryptocurrency exchanges, which sent waves through the market and pushed Bitcoin lower. This is the type of environment that Kodak needs to avoid, but with the uncertainty Bitcoin brings, some countries have decided to take action. If this happens, it could lead to the issue of people not being able to utilize the currency, ultimately hurting Kodak.
ICO’s have been given a negative light and rightly so under the current circumstances. If people are trying to get rich quickly, numbers always find a way to tell the truth and those individuals will ultimately pay the price. Should an ICO be clean and purposeful, this could be a whole new avenue. That being said, isn’t the goal of this to have one or two cryptocurrencies used world wide? By using this as a trading and investing vehicle, we’re missing the point of creating a currency used to transact with.
The future is still up in the air for Kodak and the whole cryptocurrency space. However, the technology behind it will stay, living well past many of the cryptocurrencies on the market. It will be interesting to see what survives and if a move into this space can save Kodak.
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Nathan Young is a Senior Member of Macroaxis Editorial Board - US Equity Analysis. With years of experience in the financial sector, Nathan brings a diverse base of knowledge. Specifically, he has in-depth understanding of application of technical and fundamental analysis across different equity instruments. Utilizing SEC filings and technical indicators, Nathan provides a reputable analysis of companies trading in the United States.
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