Right on. The market is rigged. Market makers suck the little guys in at a higher price then pull the rug out soon after by negative news scaring the little guys to sell what they bought earlier. Weak hands always lose by these market makers.
A lot of people that live in upstate N.Y. forgot she was a N.Y. senator also, or never knew for that matter based on her lack of contributions to improvements there.
Doug Clark (Analyst - Goldman Sachs):
Okay, great. And then, my one additional follow up was, just on the inventory situation throughout the supply chain. I was just wondering if the utilization cuts are a global phenomenon? In other words, are you also seeing utilizations come down in China as well? Or is it more developed market dynamics that are responding to panel price declines?
Wendell Weeks (Chairman & CEO):
That is a really clever, insightful question, right, very clever. So we've seen something a little different in the supply chain in 2015, than we have in other years. Typically, the panel makers have gotten a -- not typically, but the panel makers have gotten a lot sharper.
When panel prices are falling, and they start to approach their cash costs, they have not been keeping any inventory, and they have been rapidly adjusting their utilization. And we saw that, from most of the highly established, developed panel makers. We saw less of a reaction out of the major Chinese panel makers, some of whom are our really big customers, who continued to run their panel fabs, probably longer than they should have. We've seen a build up of some very small sized TVs in that set. However, we are seeing them adjust now. But that's a very clever question. It's something that we are going to have to keep an eye on, to get an understanding of, will the emergence of these strong Chinese players mean, that the supply chain is going to run a little fatter than it used to? Or is it just a matter of where they are in their own cycle of learning? We need a little more data to know.
Now not so much. In fact, i'm not quite sure why they even pay analysts today to put buy ratings on stocks or sells for that matter, nobody listens
"recent FX moves"
As I said before (and was criticized), a strong yen is beneficial to Corning regardless of them hedging against a weak yen.
Firing on all cylinders looking forward for sure. Nice....
Sentiment: Strong Buy
tocent, let's see if commie sanders wins out, super-pak can switch votes, be interesting!, packy
Hey Packy. Big money given to H Super Pack. Repubs pushed for Citizens United and removed political financing limits. Corning likely gave 500 k plus. Repubs are in state of collapse. H will win by default. Corning knows this so H support is easy for them.
tocent, you vote fer hill-hary yer an itiot, she's a lifer politician and IS the problem! GLW brass are repubs, they have given monies to the clinton's in the past though " greasing the palm ", this year not sure?, packy
Corning is based in upstate NY, which was a major focus for Hillary when she was Senator in the state. It really isn't a surprise as far as the donations go. I doubt anyone will really care. Corning isn't really controversial. Now, Goldman Sach's there is a lightning rod; many people really hate that company.
there are boards to talk about politics. all I wanted to mention is there is a tie in between GLW, Clinton, and GS
Believing the LCD TV supply chain in nearing a cyclical bottom, Goldman's Doug Clark has upgraded Corning (GLW +2%) to Buy, and hiked his target by $7 to $26.
Below-average supply chain inventory and stabilizing LCD panel prices are seen as early signs of a bottom. Clark also expects Corning to benefit from "a combination of earnings diversification, stable glass price declines, recent FX moves, M&A, and stable shareholder returns as supportive of higher valuation and multiple expansion.”