KODK Kodiak long trade from a retracement( Industrial Penny)KODK is the old chemical industrial company that focused on camera film and printing for
decades now a bit or diversified in what it does. Share price is a fraction of what it once
was. KODK had a news catalyst that it was trying to clean up financial issues with its pension
plan which had $ 6 Billion in assets. That may be a good thing but investors through otherwise
and price put in a 20% retracement over a few days. I expect this to rebound and earnings
are about ten days away. The P/E ratio is about 10. While this is a risky penny stock,
I see the potential in a recovery of the 20% of market cap in the pre-earnings period.
Accordingly, I will take a long trade of stock shares and a put option to hedge those
shares against a downturn.
