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KODK - Will Kodak Successfully Pivot Into Pharmaceuticals? I Doubt It
Eastman Kodak Company Common New
Yesterday (7/28/20), President Trump surprised a LOT of people announcing that via the Defense Production Act ((DPA)) the US government is going to give Kodak (KODK) $765 million to make pharmaceuticals. The tie to current COVID-19 pandemic issues, for which the Act was invoked, is at best tenuous. Somehow the announcement seems to be more about moving pharma production back to the USA. Which is why it left me, and a lot of others, asking, "why would you pick Kodak?"
Everyone knows the Kodak story. Great innovator, makes the Brownie and creates an entirely new