Earlier this month Collins Ink, supplier of ink for Kodak’s high speed Versamark printers, cancelled their supply agreement. Collins cited Kodak’s recent credit rating downgrade, and it reasonable for any Kodak creditor to be a little nervous about getting paid. It could also be that Collins may view Kodak as distracted and see a chance to grab sales for themselves instead of to a middleman.
Here’s the letter where Collins fired their first shot. Since Kodak has filed a lawsuit, look for more volleys in both directions.
GTC
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author’s opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).
Tags: Collins Ink, George T Conboy, Kodak
