As some of you may know I bought Eastman Kodak (EK) at the end of 2008 . They have had made some great money for stock holders who have held onto this company for that past few years. I wrote some good stock tips about EK and how to trade them on my old site a couple years ago.

Right now this company wouldn’t be one to hold anymore, I’m going to do a stop loss at $5.00 .  They’re currently trading at $5.24 a share right now and the balance sheet isn’t that good. But they did recently sue shutterfly for patent infringement . I bought these guys around $1.00 a share and now they are finally at the point of selling.

Even though this company has had a 81% increase for digital capture and devices for the 9 months ended of September. Inkjet systems had a 25% increase in net sales and Retail systems solutions had a 26% decrease in sales driven by lower media and equipment volumes and unfavorable price/mix for media. Overall they have had a 39% plunge in net sales in this year of 2010 compared to last year. So this stock is one to sell.

So if you look at this company, don’t invest in it! Will be a mistake this company isn’t going to earn anything on it’s share so it will be a waste of time and money to go on with this.

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