Seeking Alpha
  • 1980XLS-2.0
    So much for AAPL boosting Gorilla glass. GLW
    1/25/12
    Reply (16)
    • TruffelPig: Good quarter, bad outlook I guess.
      1/25/12
    • Windsun33: Yeah, sucks, I give up on GLW. If it recovers 2-3% am selling out of it 100% and taking losses
      1/25/12
    • Jeremy Johnson, CFA: Gorilla Glass almost immaterial. LCD glass dominates profit and had absurdly high margins in 2008-10 (higher than AAPL 4Q11).
      1/25/12
    • 1980XLS-2.0: Stock action somewhat absurd, as well.
      1/25/12
    • Jeremy Johnson, CFA: Long-term normalized glass earnings could be 10% operating margin ... 1.2 B norm. total net income. 12.5x P/E cash adjusted.
      1/25/12
    • 1980XLS-2.0: JerJ, You seem to have done your homework on the name. Are you bullish on the name. Y/N?
      1/25/12
    • Jeremy Johnson, CFA: Need to sharpen my pencil on it. From a trading perspective I think we'll have time to figure things out, doubt it will suddenly skyrocket.
      1/25/12
    • TruffelPig: The problem seems to be that everything having to do with LCD TVS etc gets hammered right now. How many Iphones you need to sell for one
      1/25/12
    • TruffelPig: of those big screen things. I think the price in HGG tells the story why GLW got hammered.
      1/25/12
    • TruffelPig: Long-term I like GLW.
      1/25/12
    • Jeremy Johnson, CFA: http://bit.ly/w9wVPS ... table showing LCD economics ... 3Q on homepage, next post. Is a fantastically profitable business.
      1/25/12
    • TruffelPig: I am right now sitting with a HP laptop here - tpavilion g series. Seems the screen has also gorilla glas.
      1/25/12
    • Jeremy Johnson, CFA: Mine too, HP 2740p. It's not a huge business, but should grow. Although has pricing pressure too. There are competitors.
      1/25/12
    • Windsun33: The problem seems to be that the margins have shrunk a lot more than the sales have gone up. For me it was a classic value trap
      1/25/12
    • TruffelPig: I looked on their product list and in TVs only Sony TV has Gorilla. Laptops HP, Lenovo, and Acer
      1/25/12
    • TruffelPig: Room to grow. AAPL isn't listed - lol. Top secret. Pssssshhhhhhh.
      1/25/12
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