[compsciphd]

kodak spun off Eastman Chemical decades ago (my dad owned some of their stock and held it to their bankruptcy).

But looking at it, kodak shareholders were given 1 share of Eastman chemical for every 4 shares of Kodak they had. Eastman chemical has split once since then. Eastman chemical is now $60. Kodak ended 1993 (the new company was created jan 1 1994 I believe) at $56 a share.

So that would imply that eastman chemical, that was viewed as 1/5th the value of the combined company in 1994 is now the value of the parent that was left over then (and no longer really exists).