Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of embattled photography company Eastman Kodak
So what: The film icon has been desperately trying to shift toward digital technology, but the news raises even more concerns over just how much cash it is burning through. Of course, Kodak tried to ease those fears by noting that "the purpose of the revolving credit facility is to bridge timing differences between cash outflows and inflows, which is a common practice at many corporations."
Now what: I'd continue to keep my distance from Kodak. The shares surged last month on reports that it was a perfect takeover target for behemoths hungry for intellectual property, such as Microsoft
Interested in more info on Kodak? Add it to your watchlist.
Fool contributor Brian Pacampara owns no position in any of the companies mentioned. The Motley Fool owns shares of Microsoft and Google. Motley Fool newsletter services have recommended buying shares of Microsoft and Google, as well as creating a bull call spread position in Microsoft. Try any of our Foolish newsletter services free for 30 days.