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Corning Inc. Message Board

  • thebest_91324 thebest_91324 Dec 3, 2002 7:50 PM Flag

    Can anyone tell me..........

    Why to invest in this stock? It was recommended to me by someone....the only reason I can find is that the insiders have been buying......Anyone got anything more? thanx

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    • Re to: theb..
      "Why to invest in this stock?"

      In addition to the other post in answer to your question from another poster: see web site and look at products, and business.

    • - Current CEO came back to replace upstarts who tried to change the company into an optical company only. He is part of the original family that owned/ran Corning for nearly 150 years and has a cool, even handed approach
      - Large cutbacks in the failed optical fiber division have been completed or are near completion
      - Research and Development is one of the best in the country
      - Current analyst upgrades are the first in a couple of years
      - Cash inflow from a mature business helps with cash flow in the future while restructing takes place
      - From a technical point of view the stock is moving in a positive direction for the first time in about 2 years
      - All other Corning businesses, which are quite diverse, are doing well and are expanding.

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