KODK - Eastman Kodak - Trump Administration Bailout Sparks Epic Rally - Get Short Once Momentum Starts To Abate
On Tuesday, shares of ailing former photography giant Eastman Kodak (KODK) went on a massive rally after the company announced the signing of a letter of interest with the U.S. International Development Finance Corporation ("DFC"):
At the direction of President Donald J. Trump, U.S. International Development Finance Corporation Chief Executive Officer Adam Boehler will today sign a letter of interest to provide a $765 million loan to Eastman Kodak Company (Kodak) to support the launch of Kodak Pharmaceuticals, a new arm of the company that will produce critical pharmaceutical components. The project would