Big Brands That Are in Trouble
KODAK
Kodak, the company that revolutionized photography over a century ago with the world's first practical film camera is now dealing with bankruptcy. According to Bloomberg, there are serious concerns about Kodak's solvency as a company. In the year 2011, the company unexpectedly borrowed $160 million in cash. The stock lost nearly a quarter of its value, bringing its decline for the year to a dispiriting 70 percent. It was in 2000s when the concept of films started diminishing, Kodak could failed to get into the race and read the trend. This ceased the production to a great extent. As a result the sales dropped, stocks fell in prices, quarterly losses.
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