SOURCE: Paragon Financial Limited

Paragon Financial Limited

September 28, 2011 08:16 ET

Eastman Kodak and Canon Struggle Through the Slow Death of the Point and Shoot Era

The Paragon Report Provides Equity Research on Eastman Kodak and Canon

NEW YORK, NY--(Marketwire - Sep 28, 2011) - The Paragon Report examines investing opportunities in the Photographic Equipment & Supplies Industry and provides research reports on Eastman Kodak Co. (NYSE: EK) and Canon, Inc. (NYSE: CAJ). Access to the full company reports can be found at:

Photographic equipment makers have been rolling out new products in order to sustain growth and remain relevant amongst the prevailing smartphone trend. However, with consumers more cautious than ever and discretionary spending way down, digital camera sales -- which are viewed as low-priority for many consumers -- are struggling.

Over the last few years, smartphones such as the BlackBerry and iPhone have slowed the purchase rate of "point and shoot" cameras significantly -- particularly entry level compact cameras which have relatively the same features as smartphones. According to the market research firm NPD Group, point and shoot camera revenues have slipped 24 percent to $1.9 billion, from $2.4 billion in 2008. While easy to blame it on the recession, sales are still falling since the recession eased.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Photographic Equipment & Supplies industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Shares of Kodak plummeted earlier this week after the company drew down $160 million from its revolving credit line. Kodak said in a statement that the revolving credit line is intended to "bridge timing differences between cash outflows and inflows, which is a common practice at many corporations." Delving into its rich patent portfolio for repeated cash infusions has become an indispensable tactic. Since 2008, Kodak has generated almost $2 billion in licensing fees and royalties. It revealed in July it is exploring the sale of its 1,100 digital-imaging patents.

Canon, Inc., through its subsidiaries, manufactures and sells network digital multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and lithography equipments primarily under the Canon brand in the Americas, Europe, Asia and Oceania.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at