Seeking Alpha Profile| Send Message| ( followers)    Turnaround
plays are significantly less risky than most investors see them.
In order to become a turnaround, a stock must have obviously had
some terrible news, and a subsequent steep reduction in share
price. This large decline in price removes a lot of the risk
from investing in a stock. Of course, as is the case with most
turnarounds, a bankruptcy probably means you just lost your
initial investment; the idea here is to find something that
other investors aren't seeing, and be comfortable knowing that
the odds are heavily in the company's (and your) favor. While
getting a turnaround play right may not make you rich, you can
certainly enjoy substantial returns for your foresight.  Eastman
Kodak (EK) is an excellent company to, at the very least,
consider.  Obviously, the worry here is simple: bankruptcy. The
company is dealing with $1.35 billion in long-term debt, $210
million current debt and short-term borrowings, and $673 million
in accounts payable. E