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Corning Inc. Message Board

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  • go_st_bonaventure go_st_bonaventure Jun 12, 2003 6:52 AM Flag

    Chartny et al

    Pharma I disagree with you somewhat,Yes there has been significant dilution, IO2 stave off the vultures that would have pushed into BK. But, comparing this to 1998 or whenever, is apples to toilet seats. Corning is poised for significant growth now, we're talking 40-60 % year over year growth as a company.
    Diesel
    LCD
    Fiber (yes fiber look at the growth chart of fiber optics in that other dudes post for PDF of fiber optics info)
    Semiconductor- Corning makes the stuff that chips are made of and all the new storage media is going to be glass substrates

    There is postential for huge growth here enough so that billions in net profit are a possibility soon. They have setting up for this for some time- they just got ahead of themselves by four or five years.
    If its too far too soon now, you must have been crapping when Corning went from 20-80 then to 220, 340 to 400 per share four years ago!
    four years from now 20 will seem like a major bargain. so will 35!

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    • "But, comparing this to 1998 or whenever, is apples to toilet seats. Corning is poised for significant growth now, we're talking 40-60 % year over year growth as a company."

      I doubt Corning will raise revenues by 40-60 percent anytime soon. Earnings are negative, so that it is possible to raise EARNINGS 40-60 percent (from 1 cent to 2 cents is a 100 percent rise, etc.). However, it is a long way to billions in net income. (My estimate was needing $1.3 billion or so to justify a PE 22 stock with a 12+ dollar price). As far as comparisons: yes there are differences. GLW has more debt. They bought and then sold (for huge losses) various photonics businesses, etc. But not that different. Still a fiber, LCD and emissions play with some semiconductor and lab glassware. Similar enough that I think comparisons can be made.

      "There is postential for huge growth here enough so that billions in net profit are a possibility soon. They have setting up for this for some time- they just got ahead of themselves by four or five years.
      If its too far too soon now, you must have been crapping when Corning went from 20-80 then to 220, 340 to 400 per share four years ago!
      four years from now 20 will seem like a major bargain. so will 35!"

      Rather than crapPing I sold portions. Unfortunately, not all (or even most). Recently sold all but about 30 percent. I doubt $35 in 4 years will be realistic. Perhaps 1999-2000 valuations will return, but I learned my lesson from it. I will have sold all of it long before it has the chance to get there.

      But, I could be wrong. That is why we have markets. Rather than looking at charts and what the "greater fool" is willing to pay, I'm going to use the numbers and my own estimates to determine risk/reward and buy/sell. I would rather miss theoretical gains by being out than lose money in what I consider a dangerous position.

      Good Luck!

      pharma

    • I hope your increases are correct.
      But your comparisons are straight on.
      My company will have signifigantly fewer tube
      tv's and is going to explode in the flat panel area. Something like a half and a double. We will in fact have more flat panel tv's than tubes.

      The analyst who was critical of GLW's flat panel glass growth projections, doesn't know jack.

 
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