Flaws retiring before earnings??, you'd think if glw was going to have a good quarter and glw make a run into x-mas, if i was flaws, i would like to stick around for a big run?? does not look good to me?? who was that said, this is the decade to own glw back in 2010?? sure it was flaws??, cannot remember??, i did sell some in the 24's, wish now i sold the whole lot!
ALEX, you just don't get it, the bargain share price you talk about as part of the BB debacle just HAS NOT worked for this company - wake up, its money thrown away.
they should sell off some of their divisions for sure and maybe spin out environmental
Think the market has it wrong (not unusual) and will eventually be forced to rethink as stock is now so cheap that company will take advantage of the bargain shares.
quarter with a positive outlook for the next. It is great to report how each of the divisions are doing well but the sum of the parts is not as sexy on Wall Street as it used to be. GE dumped its G E Capital business even though it had made a lot of money because they want to concentrate on manufacturing and industrialization as an international company. The stock price finally moved. It is time for Corning to look at a new model and concentrate on the real growth segments of their business or move into something less boom and bust. Take advantage of the innovation Corning is known for, sell off some of the divisions including Dow Corning, and use the Capital accumulated to create a new leaner and meaner Corning that can move quickly with the market and convince investors that Corning is worthy of an investment.
With the recent $2 BB buyback announcement, Cornings revenues now eerily match the cumulative amount of cash spent buying back stock with about 1.25 BB shares in the tank. By 2016, $11 BB sunk in what is now a $24 BB stock. What might $9 in cash on the balance sheet look like ? Nearly half the company's value would be nothing but cash. Wow. How often do you see that in a company producing 25% net margins with little debt sitting on a 10 PE ? NEVER ! You can run the numbers any way you like, but its impossible to find the value of the BB's to date. Might it come in the future ? We had better hope so. Flaws quick departure did nothing to excite the markets. We need one more departure to create anticipation. Then, a new BOD, and maybe then . . . . .
Too bad, I believe that we are at the bottom or pretty close now. The price is terriblly cheap if everything is on the table, nothing hides for our small investors. Its a good sign when boa downgrade after a long time down trend on a solide stock, usually its time to buy. Glta:-)
U think, I don't think it's done selling off. This plus a bad tape tomorrow will hurt.
7/21/2015 Bank of America Downgrade Sell
flaws was as exciting as watching paint dry. high time for mr. flaws to be put out to pasture. this bodes will for the stock. pick up shares on any dip. you will be rewarded.