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Barron's Sandra Ward takes a shine to Corning (GLW), noting its "stunningly low" multiple of...

Barron's Sandra Ward takes a shine to Corning (GLW), noting its "stunningly low" multiple of 7.9x, and a share price that barely eclipses its book value. TV inventories are at historic lows, so a successful holiday season could result in some hefty orders.
Comments (7)
  • Great company, lousy stock. Given the economies around the world, it is trading just about where it belongs.
    12 Nov 2011, 05:03 PM Reply Like
  • There is nothing like a "lousy stock" - it is the company which counts. Second, I would look at the PEG before I say something like this. It is 0.93. All IPADS and IPhones use gorilla glas. They reported well and guided ok. I think there is still upside.

     

    No position but was thinking about it.
    12 Nov 2011, 07:15 PM Reply Like
  • Go for it man....I'll pass.
    Remember, it is only a trade anyway.
    12 Nov 2011, 08:46 PM Reply Like
  • Well, we do not have to pull each others hair out over this. I am currently more interested in energy stocks actually and materials.
    12 Nov 2011, 09:17 PM Reply Like
  • There is not a person on Planet Earth that says a bad word about GLW, yet stock beat me like a rented mule! No idea why!
    12 Nov 2011, 10:32 PM Reply Like
  • Great company with a history of innovation, an undervalued stock, a reasonable yield, and lots of upside - just needs some patience.
    13 Nov 2011, 07:59 AM Reply Like
  • "About 85% of Corning's profits are tied to the display glass typically found in TVs and personal computers, as well as smartphones and tablet computers, even though the segment accounts for only 45% of revenue."

     

    That is all you really need to know. Big glass is headed for inevitable commodity status and will, over time, turn out less profit even when the supply chain revives. It doesn't mean you can't invest in Corning but the discount on the PE is rational.
    13 Nov 2011, 10:27 AM Reply Like
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