Seeking Alpha

Corning (GLW +2.9%) opens higher on an upgrade to Buy from Goldman. The firm sees Corning, which...

Corning (GLW +2.9%) opens higher on an upgrade to Buy from Goldman. The firm sees Corning, which trades below book value, delivering positive EPS growth (on a Y/Y basis) for the first time in two years in Q4 thanks to stabilizing LCD glass fundamentals (the result of supply controls). It also expects the LCD business' share of net income to fall to 74% in 2013 from 96% in '09, and Corning''s FCF yield to grow to 6%. The demand environment for LCD TVs has been anything but pretty. (previous)
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Comments (2)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    I've been trying to get Warren interested in this one, but he won't return my calls.

     

    Maybe he will read my mind.
    19 Sep 2012, 10:37 AM Reply Like
  • bernice
    , contributor
    Comments (3) | Send Message
     
    Private registered investment advisor. Over 30 years experience. CFA
    19 Sep 2012, 11:50 AM Reply Like
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