GuruFocus Premium Membership

Professional Value Investing Tools at Affordable Prices

Try It 100% for 7 Days!

Bill Miller's Kodak moment

November 07, 2005 | About:
For Eastman Kodak, it's been one miscalculation after another. But legendary fund manager Bill Miller is still a believer.

In October, Kodak posted a $1.03 billion loss, its third consecutive quarter in the red and the fourth consecutive quarter in which earnings have fallen short of Wall Street targets.

Among other things, the company underestimated how fast Chinese consumers would switch from film to digital cameras. Also, results from the digital-imaging-health group lagged, in part because of quality problems.

Rating: 2.7/5 (3 votes)


Please leave your comment:

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership