Kodak Stock Dives After Credit Line Is Tapped

Eastman Kodak has been struggling to reinvent itself for decades. So when Antonio M. Perez, the chief executive, announced in July that he was confident that Kodak could transform itself into a profitable and sustainable digital company by 2012, many investors were skeptical.

Kodak’s unexpected decision to tap its credit line for $160 million last Friday reinforced concerns about the viability of the company’s turnaround strategy, which relies on selling inkjet printers, commercial

Kodak Stock Dives After Credit Line Is Tapped

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