Buying The Dip In Corning

Mar. 31, 2022 10:16 AM ETCorning Incorporated (GLW) StockGLW34 Comments
WideAlpha
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Summary

  • Corning shares are currently undervalued in our opinion by at least ~10-20%, and we think current prices offer a very decent entry point to prospective investors.
  • Fourth-quarter sales rose 10% year over year and 2% sequentially as Corning’s end markets continued to rebound from 2020.
  • Corning raised its dividend by 13% to $0.27 per quarter, showing confidence in the business while rewarding shareholders.

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Corning (NYSE:GLW) is a company that we covered before; for readers that would like an introduction to the company, we recommend reading our previous article. Back then we thought Corning was fairly valued, and since

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of GLW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling shares, you should do your own research and reach your own conclusion, or consult a financial advisor. Investing includes risks, including loss of principal.

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