Eastman Kodak shares dramatic decline for the last

Eastman Kodak shares dramatic decline for the last two days. Eastman Kodak is the next company that wills bankruptcy or the Fed will nationalize. The company suffers since March 2008, as the investors are not willing to buy shares of the company. On Thursday and Friday the shares of Eastman Kodak crash with about 61%. The lowest trading level was set on Friday at $4.30 per share as recovery to $4.50 at the end of the session. Many experts include by World-Signals.com predict such scenario for Eastman Kodak. The company will cut 4500 jobs due too the recession but it may is not enough to stop the losses of U.S. photography pioneer. Eastman Kodak amid for losses of $133 millions for the last quarter of 2008. The cut of 4500 jobs in Eastman Kodak is 18% of the total employees in the company. The shares of Eastman Kodak may fall to $2 per share in February 2009.

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