On July 28, United States President Donald Trump issued an Executive Order under the Defense Production Act that Kodak would be transformed into a pharmaceuticals company with the help of a $765 MM federal capital markets blood infusion.
Afterwards, the Democrats/socialists threw a tantrum and found an excuse to attempt to conjure the return of manufacturing to America from their friends in Communist China into a scandal, creating an enormous buying opportunity after Kodak's loan was put on hold while the SEC investigated allegations of insider trading and wrongdoing.
The reality is that President Trump issued this move directly, and with an election coming in two months, he is very unlikely to deprive the people of New York the ~400 or so jobs that were to be created. Furthermore, according to Forbes, the situation at hand may be neither scandalous nor illegal to begin with.
In reality, Hedge Fund DE Shaw purchased 3.94 million shares in Kodak knowing full well the situation at hand, and according to Motley Fool, Kodak is undervalued no matter how you look at it.
The socialist Democrats loathe the idea of their BFFs over in Red China losing the manufacturing they worked for decades to poach from US soil. They loathe it almost as much as the Chinese Communist Party itself loathes the prospect of four more years of President Trump crushing the Party's gonads on every single front.
There's a big gap below the current price that retail traders will think is going to fill. Lots of people are expectantly sitting with buy orders at $2 and $3, and a lot of even greater fools are sitting short slightly over $10 and around $7-9 waiting to get filled at $3 and 4.
Unfortunately, the train is about to depart and margin is about to start calling. Embrace a bright future away from the CCP and catch the train. Kodak is one of the only remaining hot buys in the collapsing stock market.
"Buy when there's blood in the streets, even if the blood is your own."- Baron Rothschild