Sahm Adrangi is an investment analyst who helps other investors find quality stocks. He is detailed and helpful for anyone who needs financial information or commentary. He recently issued a negative report on a company that many people find fascinating. Kodak is a company that produced cameras for decades. During this time, Kodak was the leader in the industry. However, once phones could take clear pictures, many people stopped buying traditional cameras.
In the cryptocurrency euphoria, Kodak announced that the company was developing a cryptocurrency option. As soon as the announcement went out, the stock more than doubled. Sahm Adrangi firmly believes that the stock is going to decline in the coming months. Ever since that announcement, the company has struggled to hold the stock price.
Kodak is an excellent example of the importance of changing with new technology. For many years, the camera and picture industry was declining. People were not willing to pay for expensive pictures when they could take them on their phone.
However, Kodak never changed their business model to adapt to the market conditions. The company struggled with declining sales and profits for many years. At one point, it looked like the company was going to go out of business. People like Sahm Adrangi repeatedly warned investors about the dangers of investing in dealing companies like Kodak.
Kodak has various plans for the future. However, few people in the investment community believe that the company can recover from the past few years. Even with a new cryptocurrency option, Kodak still looks like a company that is lacking in innovation.
Sahm Adrangi has made smart investments throughout his entire career. If he believes that Kodak’s stock price will decline in the coming months, investors should heed his warning.