Kodak shares soar as it pivots to manufacturing ingredients for Covid-19 drugs
It looks like a Covid-19 graph, that's how fast it is rising!Bruce Whitfield, The Money Show host
Kodak famously missed the worldwide shift to digital cameras, filing for bankruptcy in 2012 and relaunching the next year as materials and chemicals company.
Now it's making a comeback, again, with a loan from the US government to manufacture the ingredients for drugs to fight Covid-19.
The Money Show's Bruce Whitfield interviews the CEO of investment management company Vestact.
It's one of those fabulous fund stories that make stock markets so great.Paul Theron, CEO - Vestact
As you say, I mean Eastman Kodak 131 years old... It's pivoted already twice since its demise...Paul Theron, CEO - Vestact
After that missing of the shift to digital cameras (said with a chuckle) they've repositioned themselves as a chemicals company, they had a go at being crypto-currency... but this takes the cake!Paul Theron, CEO - Vestact
Now it's apparently the case that this Rochester, New York-based company is going to somehow get involved with the US government in manufacturing of pharmaceutical ingredients for Covid-19 drugs - maybe!Paul Theron, CEO - Vestact
Listen to Theron's take on Kodak's comeback below:
National Consumer Commission director of prosecutions Joseph Selolo says you can't be naive or claim to be duped.Read More
Following a cabinet meeting, Winde said that the province had sufficient health capability to manage COVID-19 patients.Read More
From 50 finalists the three winners have been selected and they represent top adaptive thinking in business right now.Read More
'Mr Eazi' launched the Africa Music Fund to support the continent's creative talent. Bruce Whitfield interviews Lee Kasumba.Read More
Justin Chadwick (Citrus Growers' Association) says it's all thanks to the perceived immune-boosting attraction of Vitamin C.Read More
Bruce Whitfield interviews Whitey Basson, who believes it's just not good enough for govt to say ban will be lifted but not when.Read More
Bruce Whitfield talks to MTN CFO Ralph Mupita about the reasons for the move and the company's huge profit increase.Read More
Marc Lubner on the NGO's programmes for young South Africans and how working with Nelson Mandela inspired his life's work.Read More
Involved in an accident you didn't cause? Third party claims don't pay out much. Wendy Knowler shares one driver's horror story.Read More
Liberty's David Munro tells The Money Show its R3b pandemic reserve shows the insurer 'truly living out its purpose'.Read More