Thursday, February 23, 2006

A Kodak Moment

Well, Eastman Kodak (EK) has really been moving lately. Some of you may have heard that Bill Miller of Legg Mason finished the year 2005 with 71.5 million shares of EK, a 25% stake. I'm in good company; Miller is a stock-picking genius having beaten the S&P 500 for some fifteen years straight.

I've been waiting for EK, and a couple of times I was tempted to exit the position, but I am a believer.

Here's a 10-day chart of EK from BigCharts. The move is accompanied by serious volume pickup, which is nice to see.

PS: Those XM Satellite Radio (XMSR) calls have moved up nicely with XMSR trading at 22.50. But, I'm not quite ready to take profits, so I'll let it ride for better or worse.

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