There are so many other stocks still bloated...I can't imagine why Corning is going to trade below $13.50 book value while people still willing to pay $230 for Netflix???I think everything needs to crash to $1 then we can start making sense of what is worth what.
Need to get in fast before stock drops below $10.00
Bank America's Book Value $20.29, Stock selling today $6.51. While you are imagining, imagine that!!
Bank of America took on Countrywide Mortgage and has a krapload of liability from that and other stuff. Corning just has cash and a wee bit of debt.That being said, I do think BoA will make a huge comeback someday.
During Depressions most stocks fall way below book value allowing for new valuations. However, depends on sales and margins, the more profits drop, the stock will follow.