Brean Murray Carret & Co Gives Eastman Kodak's Analyst Day Highlights

Eastman Kodak's EK analyst day focused on the strategy to drive revenue from the four digital growth initiatives, reduce costs through restructuring in FPEG and CDG segments, and achieve positive cash generation from the sale of less profitable assets. Brean Murray Carret & Co doesn't believe there is necessarily a clear line of sight to secular business model profitable growth just yet. Arguably Kodak's most important digital growth drivers (consumer and commercial inkjet) are likely one to two years from breakeven. Kodak provided limited visibility of their strategy with the camera business which was a key soft spot in CY10. To make the business model work, Brean Murray Carret & Co believes Kodak needs to keep profitability ahead of revenue declines in traditional businesses and cash generative businesses. Brean Murray Carret & Co has a Hold rating on EK EK is trading lower at $3.55