HP To Buy Kodak?
Kodak shares jumped Monday on rumors that the struggling photography company could be acquired by Hewlett-Packard. Kodak stock looks cheap on a price-to-revenue basis, at just 0.8x. But it also trades for about 30x expected 2008 EPS of 93 cents. Could this be true? Doesn’t HP’s Mike Hurd have his hands full just fixing Hewlett-Packard?
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