Whatever’s happened to Kodak shares over the past month-plus, one’s things very clear: None of them had anything to do with fundamentals. First it was rumor. Then it was Peter Navarro. All along, it was powered by day traders who know the name “Kodak,” saw it was going up and gave into their crippling FOMO. Indeed, Kodak’s fundamentals remain exactly the same or worse today than they were before some self-serving and eventually untrue whispers about something that would “change the course of history for Rochester and the American people” began to emanate from Kodak’s press office.
