Why Corning Is Still a Great Investment

Corning (NYSE: GLW  ) shares have been destroyed lately as sales of LCD displays have waned, but the company recently raised its fourth quarter outlook for LCD displays and specialty glass, a welcome change of pace for shareholders.

Even after the positive news was digested, Corning still trades for less than 10 times earnings and is sitting on $5.8 billion in cash. Given its history of innovation, Fool.com analyst Austin Smith believes the company will be able to effectively deploy this capital and unlock more valuable applications for its innovative products (like Gorilla Glass).

Don't jump in with both feed just yet, though. Our top equity analyst on Corning, Brenton Flynn, has just written a brand-new premium research report on Corning, and it's a must-read for anyone looking at initiating a position today. Click here to claim your copy, and receive a full year of updates as key events unfold.


Read/Post Comments (0) | Recommend This Article (8)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2139091, ~/Articles/ArticleHandler.aspx, 10/25/2014 2:42:19 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement