By
Austin Smith
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More Articles
January 9, 2013
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In the video below, Fool analyst Austin Smith discusses why some of the world's most savvy investors like Corning (NYSE: GLW ) .
The Fool's own superinvestor, David Gardner, has recommended Corning in the past, and there still are compelling reasons to be bullish on the company. Corning is a long-tenured company with a history of innovation. While it has endured some weakness recently, Corning has a strong balance sheet, with $5.8 billion in cash, to carry the company through, Austin says.
With its joint agreement with Samsung, Corning effectively controls the market with its glass displays, as well as having a great "in" with a rapidly growing electronics manufacturer.
Given Corning's super-strong and scratch-resistant Gorilla Glass, the company is also perfectly positioned to ride the mobile and tablet waves. These are fast-growing areas, with still a lot of room to run. To top it off, Corning is trading cheap, at about a third of its historical price-to-book ratio, and it pays a nice dividend.
Although Corning is somewhat secretive about Apple's utilization of Gorilla Glass in its products, it is widely believed to be the glass used in the iPhone, among other smartphones. Apple has been a longtime pick of Motley Fool superinvestor David Gardner, and has soared 219.20% since he recommended it in January 2008. David specializes in identifying game-changing companies like this long before others are keen to their disruptive potential, and he helps like-minded investors profit while Wall Street catches up. I invite you to learn more about how he picks his winners with a free, personal tour of his flagship serve, Supernova. Inside, you'll discover the science behind his market-trouncing returns. Just click here now for instant access.