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It's worth noting that Eastman Chemical, which was spun off from Kodak in 1994, is doing just fine as a Fortune 500 company with about 15,000 employees and a ma
by earthserver 10y ago
It's worth noting that Eastman Chemical, which was spun off from Kodak in 1994, is doing just fine as a Fortune 500 company with about 15,000 employees and a market cap of $10B USD.
It's stock is up some 200%+ since the spin-off from Kodak in '94 (compared to 400%+ for the S&P500).
If you had kept your Eastman Chemical stock after the spin-off from Kodak in '94, sold your Kodak stock, and reinvested the proceeds into Eastman Chemical, you would have more than doubled your capital, not including dividends.