Comments for Brighton Securities Blog

Comment on Equality at Eastman Kodak by brightonsecurities

brightonsecurities — Fri, 12 Oct 2012 12:45:38 +0000

COBRA should be available according to its standard terms. The cost of COBRA is borne by the individual and that, of course, may be a considerable hardship for many. It is unclear whether COBRA will be available for someone under 65 who retired or was laid off more than 18 months ago, and that scenario would represent both a cost and an availability hardship.

Comment on Equality at Eastman Kodak by Tom Napoli

Tom Napoli — Thu, 11 Oct 2012 22:51:53 +0000

George, a statement from today says COBRA will be available to retirees with retiree costs published in December. Are you saying you expect that coverage will not begin in January? That would be a major problem for most people.

Comment on Apple As An Income Stock by Update: Apple as an Income Stock « Brighton Securities Blog

Update: Apple as an Income Stock « Brighton Securities Blog — Mon, 19 Mar 2012 15:23:41 +0000

[...] my previous post I discussed the potential of Apple becoming an income stock. Today the company announced that it [...]

Comment on Magic Numbers? by Chris Neighbors

Chris Neighbors — Fri, 16 Mar 2012 00:19:55 +0000

I completely agree with you. The media is always going on about things that are irrelevant while ignoring important issues. Great post.

Comment on Did I Miss Something? by Magic Numbers? « Brighton Securities Blog

Magic Numbers? « Brighton Securities Blog — Thu, 15 Mar 2012 19:54:00 +0000

[...] Did I Miss Something? (brightonsecurities.wordpress.com) Click to share this:ShareEmailFacebookLinkedInTwitterPinterestRedditTumblrStumbleUponLike this:LikeBe the first to like this post. [...]

Comment on Kodak’s Apple Problem is Apple’s Kodak Problem by brightonsecurities

brightonsecurities — Mon, 12 Mar 2012 19:52:46 +0000

Thanks for the comment, Anonymous! Our understanding is that pensions in general have priority status in bankruptcies. This understanding comes from informal talks with a couple of bankruptcy attorneys and could be wrong either in general or in the specific case of Kodak. Indeed, your comment made me do a brief internet search and that has suggested that organizations like the PBGC are sometimes unable to prioritize pension funding ahead of unsecured creditors. I’m prone to believe the attorneys we’ve talked to over my brief web research, but I also now want to confirm and provide better information for our readers so look for a blog post going into more detail about priority rules soon.

Comment on Kodak’s Apple Problem is Apple’s Kodak Problem by brightonsecurities

brightonsecurities — Mon, 12 Mar 2012 19:39:42 +0000

An anonymous reader commented:

Your math is correct! But I am not sure they would pay back that pension shortfall given the PBGC is an unsecured creditor. Wouldn’t the secured creditors be in line first?

Comment on We’re Going West by brightonsecurities

brightonsecurities — Mon, 05 Mar 2012 17:33:32 +0000

Glad we could be helpful, Abel – thanks for reading our blog.

Comment on We’re Going West by Abel VIEIRA

Abel VIEIRA — Mon, 05 Mar 2012 15:32:55 +0000

Thank you for your advice.

Regards.

Abel VIEIRA

Comment on Free Lunch – Kodak’s SIP, Fixed Income Fund by Jim

Jim — Fri, 02 Mar 2012 16:22:30 +0000

HI again Joe,

I have reviewed the total assests of SIP with a detailed review of the components and some rough calculations of the corporate portion indicate there could have been a higher return (>3.5%) on conversion. Some of the corporate contracts were for long term and paid a good rate.