Dow dumps Kodak...

Discussion in 'Kodak' started by mm, Apr 1, 2004.

  1. mm

    mm Guest

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  2. mm

    PSsquare Guest

    ... and it dropped AT&T. That is a bigger story unless you are obsessed with
    bashing Kodak.

    PSsquare
     
    PSsquare, Apr 1, 2004
    #2
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  3. mm

    mm Guest

    Has someone been sniffing too much Acetic acid? Just making a point...hardly
    what I'd consider ""obsessive". And what of International Paper?

    Uh oh, there I go again....
     
    mm, Apr 2, 2004
    #3
  4. Maybe because AT&T is being aquired by Cingular Wireless. The Dow can not
    list the company if they cease to exist.
     
    Gregory W Blank, Apr 2, 2004
    #4
  5. mm

    Nick Zentena Guest

    AT&T wireless is being bought. AT&T long distance still exists but it's
    just a shell now. No wireless no cable.

    Nick
     
    Nick Zentena, Apr 2, 2004
    #5
  6. Did any of you even bother to read the story?

    All DJ did was drop Kodak *from the Dow Jones Industrial Average*. They didn't
    kick them off the stock exchange. Sheesh.


    --
    .... but never have I encountered a guy who could not be bothered
    to make his own case on his own show.

    - Eric Alterman on his appearance on Dennis Miller's bomb of a show
    on CNBC (3/17/04)
     
    David Nebenzahl, Apr 2, 2004
    #6
  7. mm

    John Walton Guest

    Usually a good time to buy.

    Jack
     
    John Walton, Apr 2, 2004
    #7
  8. mm

    Norman Worth Guest

    Dow Jones tries to pick stocks for its average that reflect the performance
    of the market as a whole (or at least the blue chip segment of it).
    Apparently they feel that EK, T, and IP are no longer performing in a manner
    that parallels the general market in a reliable fashion, and they have tried
    to select some more representative stocks. That happens fairly frequently.
    It doesn't say anything about the stock except that it does not track in a
    manner suitable for index use.
     
    Norman Worth, Apr 3, 2004
    #8
  9. mm

    Hemi4268 Guest

    Hi

    Go to the internet and pull a history of Kodak stock. You will see it's about
    the same value today as it was in the early 70's.

    A $1000 investment in Koday in 1973 would bring about $1200 today. A $1000
    investment in Merck in 1973 would bring about three million in 1999 and about
    1/2 that today or 1.5 million today.

    Larry
     
    Hemi4268, Apr 3, 2004
    #9
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