Corning: This Is Getting Ridiculous

Sep. 19, 2022 10:38 PM ETCorning Incorporated (GLW) StockGLW26 Comments
WideAlpha
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Summary

  • Corning is a much bigger company than it was five years ago, and has some business segments like optical communications with very positive outlooks.
  • Despite this, shares are trading in the low $30s, the same price they were at almost five years ago.
  • Trading with a 7.4x EV/EBITDA multiple, and a dividend yield significantly above its ten-year average, shares are looking quite attractive.
glass factory

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Corning (NYSE:GLW) is executing very well, yet its share price fails to reflect any of the progress the company is making. Shares are trading in the low $30s, the same price they were at almost five years ago! As we'll see in this analysis, the

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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.

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