NEW YORK ( Stockpickr) -- They say "a rising tide lifts all boats." And when it comes to stocks, a strong economy can propel even the most challenged business models.But what about a lackluster economy? Well, that can really expose a weak hand as a lack pricing power, balance sheet weakness and few compelling new products can keep sales growth at a minimum and profits at bay. Right now, we're looking at five stocks that are losing money in 2011 (or seeing profits fall from past peaks) and could face an ever-bleaker picture in 2012 and beyond. >>Also See: 5 Breakout Stocks That Could Soar Eastman Kodak Former blue-chip Eastman Kodak ( EK) has fallen far from its once-mighty perch. The current $300 million market value is now down more than 95% from its peak, and even that valuation may be rich. The company hasn't earned a profit since 2004, is choking under more than $1.4 billion in debt and is looking to sell assets just to keep the creditors at bay. Trouble is that those assets, such as the company's patents (and the royalty streams they engender), are one of the few sources of cash flow for the company. Kodak is set to unveil quarterly results this Thursday, and judging by the plunging stock price, results won't be pretty. Rumors swirl that cash is getting tight and lenders are getting anxious. The Kodak brand may well live on as the company's still-appealing assets (such as a printing division) get acquired by rivals, but equity investors may no longer play a role in that future, if current bankruptcy rumors come to fruition. Kodak shows up on a recent list of 3 Iconoic Companies on the Brink. Nokia Nokia ( NOK) has surged nearly 50% since early August as investors come to focus on a potential rebound for this former highflyer. Don't bet on it. With every passing quarter, rival cell phone vendors such as Apple ( AAPL) and Samsung pull farther and farther away. Even mighty Google ( GOOG) aims to be a big player in the industry, thanks to its proposed acquisition of Motorola Mobility Holdings ( MMI).
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