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, Apr 1, 2004
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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
  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
  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 Zentena, Apr 2, 2004
  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
  7. mm

    John Walton Guest

    Usually a good time to buy.

    John Walton, Apr 2, 2004
  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
  9. mm

    Hemi4268 Guest


    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.

    Hemi4268, Apr 3, 2004
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