Kodak stock, and trusting in this world.
The following two articles were taken from the LA Times in 1997, and the Wall Street Journal a few days ago.
http://articles.latimes.com/1997/sep/21/business/fi-34557 Still, with the high profitability of its traditional photo business, Kodak’s returns on shareholder investment have risen dramatically in recent years. And the company sailed into 1997 with superior new color films for sale at premium prices–“the first time in over a decade that Kodak and not Fuji has been first with a new product,” says an industry observer. Kodak stock hit $94.75 in February, an all-time high.
http://www.usatoday.com/money/industries/manufacturing/story/2011-09-30/kodak-stock-plunge/50620334/1 Eastman Kodak shares lost more than half their value Friday, plunging 91 cents to close at 78 cents per share. Earlier in the session, the stock hit a new low of 54 cents. The selling was so intense that the shares temporarily stopped trading under the New York Stock Exchange‘s automated controls.
I have lived in the Rochester NY area, on and off, since 1979. When I first moved here, the largest and most influential employer by far was the Eastman Kodak Co. The above two articles are an example of how futile it is to trust in things of this world. The first article is from the LA Times and was written in 1997. It mentions Kodak rolling out a new film, and how it’s stock was selling for $94.75 a share, on the NYSE. The second article is from Friday September 30, 2011. Fourteen years latter. Almost no one buys camera film, and Kodak stock was trading as low as .54 cents per share. It is more important then ever to trust in God in the perilous times we live in. And not put our trust in this world. The world we live in, and the things we see, and can easily place out trust in, are being shaken to their very foundations.
27And this word, Yet once more, signifieth the removing of those things that are shaken, as of things that are made, that those things which cannot be shaken may remain.
The world and its false god’s and the idols men put their trust in are being shaken. So the things that cannot be shaken, and the true God, will remain standing.
37And he shall say, Where are their gods, their rock in whom they trusted,
We need to have a child like faith, and trust in God, when things begin to crumble around us.
- Posted in: Current Events
- Tagged: Christ, God, Kodak, plung, stock, Trust, wall street, wealth