I worked for a company with going concern adverse disclosure like Kodak has when I was in college. They no longer exist.

They don’t predict the future, but they are a very serious indicator that should not be ignored

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jordanb 3 days ago | parent [-]

Yeah I worked for Sears. "Going concern" notice went out pretty much with the minimum legal notice period ahead of bankruptcy.

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throwway120385 3 days ago | parent [-]

In this case Kodak has a plan for avoiding the situation, but it almost entirely depends on market conditions and the current holder of the pension obligations. They have the cash, but it's tied up contractually and they're working to release the contract so they can use the cash to pay down some debt.

Incidentally pharmaceutical manufacturing and some of the other industries they're in are still very good industries to be in. So they could still pull through.

	▲	daft_pink 3 days ago \| parent [-]
		They could pull through and I think in all likelihood the business would be purchased and not go under if they didn't. But the company remains in a precarious position.