In the video below, Fool analyst Austin Smith discusses the bull case for Corning (NYSE:GLW).
At the top of his list of reasons to consider investing in Corning is its ability to create thinner and larger glass panels, which should support demand for larger TVs and computer monitors. Although flat-screen TV sales may have slowed, Corning could benefit from what Austin calls the "device arms race," with consumers wanting to own multiple devices like smartphones, tablets, and TVs.
A second big reason to consider Corning is valuation. The company is trading at historically cheap levels, at less than one-third its price-to-book from 2008, and half of its historical price-to-earnings ratio.
Gorilla Glass is so strong and scratch-resistant, it is even hurting the makers of screen protectors, like ZAGG (NASDAQ:ZAGG).
Austin Smith owns shares of Apple, Google, and Corning. The Motley Fool recommends Apple, Corning, and Google. The Motley Fool owns shares of Apple, Corning, and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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