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Corning Inc. Message Board

  • alphamojo alphamojo Nov 15, 2011 1:21 PM Flag

    Don'tWait2BuyGLW/HereIsWhySuccinctlyStated

    Corning has been known by cooks as the major producer of kitchenware and other products. But few consumers (many of whom are also potential investors) know that Corning also makes Gorilla Glass, which is so resilient that it is in almost every mobile device? This growth driver in its specialty materials segment brought Corning an 88% jump in sales of $299 million last quarter. Even more spectacular was Corning's display technologies segment with $815 million in sales. That is due to manufacturing LCD glass for flat panel displays for desktops, laptops and televisions. Joint ventures with Samsung and others also has much to do with success. Even Apple's inevitable television set (which is an intriguing technology investors are watching to see if it will be another spectacular Apple success) will also benefit Corning since Apple gets displays from Samsung's Corning Precision which is owned 50% by Corning. [partially derived from Samsung PR]. DON'T WAIT TO BUY CORNING, ITS A DOUBLE OR TRIPLE WITHIN 12-18 MONTHS. $15.80 Expected Today.

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    • REGARDS: "Corning has been known by cooks as the major producer of kitchenware and other products. But few consumers (many of whom are also potential investors) know that Corning also makes Gorilla Glass, which is so resilient that it is in almost every mobile device? This growth driver in its specialty materials segment brought Corning an 88% jump in sales of $299 million last quarter. Even more spectacular was Corning's display technologies segment with $815 million in sales. That is due to manufacturing LCD glass for flat panel displays for desktops, laptops and televisions. Joint ventures with Samsung and others also has much to do with success. Even Apple's inevitable television set (which is an intriguing technology investors are watching to see if it will be another spectacular Apple success) will also benefit Corning since Apple gets displays from Samsung's Corning Precision which is owned 50% by Corning. [partially derived from Samsung PR]"

      Oh, we didn't know that. Will close end of next year between $14 and $18...

      • 2 Replies to mervinschmerdly
      • If you didn't know that, you are not a diligent investor. 90% of what Corning talks about is Display Glass and Gorilla - as for the consumer products that we "know", Corning sold off that business years ago.

      • Obviously, my post was not intended for you if you already know everything there is to konow about GLW. But the ctock certainly won't go up unless there are investors who are new to the situation and elect to invest. I doubt that you knew everything in my other post today since the information concerned other companies peripheral to GLW. Have you heard anything new and interesting? I would be interested to know. There is always room for differing opinions. I think that Xmas will be a blowout for Corning and the stock will emter the new year trading around $20/share.
        Best,
        Mojo

    • FYI - see primary post.
      Mojo.

    • For those considering a new or added investment here is a suuccinct summary of how very well things have been going for the company. Investors should take advantage of any decline following the strong run-up recently. Don't be fooled by shorts who are hoping that you will listen to their screaming that the stock must pull back below $15. If you are worried about a pullback below $15 just establish a position now, keep some powder dry and add to your position when you are comfortable doing so. This stock is a 12-18 month double and probably a triple.
      Mojo.

 
GLW
20.43+0.36(+1.79%)Oct 31 4:03 PMEDT

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