Eastman Kodak's Q1 snapshot shows company in decline

And here's another proverbial nail in the proverbial coffin. The dividend is gone! If that doesn't send a strong signal to the investment community, I don't know what will. It's no surprise, I suppose, that Kodak had to send its quarterly payment out to pasture. A look at the cash-flow statement is all that's needed to grasp the unfortunate reality.

You can read about the cost-reduction proposals in the release. They're there to make investors feel like management knows what to do to turn this sinking ship around. Hey, I can't predict the future, stranger things have happened. Maybe Kodak will turn around. Maybe those who buy now and hold for the long term will retire incredibly rich. But you'd have to be braver than Indiana Jones at a snake convention to pull the trigger on Kodak. I imagine that, once your order was filled, a big giant boulder would come rolling after your portfolio, wanting to crush it dead.

Looking at Kodak's long-term stock performance, as well as simply the price of the stock itself, I can safely say that there are definitely better investment ideas out there. You don't need to look far. I can't imagine that there are any true believers left in this entity. If there are, I wish them the best of luck.

Disclosure: I don't own any company mentioned; positions can change without notice.