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Corning Inc. Message Board

  • sm22ray sm22ray Apr 5, 2012 10:35 AM Flag

    The good news of Glw

    If you check them , there are as long as from San Diego to New York , that much ! But what the fxxx with the stock price?

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    • The good news is longs are benefiting with more shares being taken off the street via the buyback program at this PPS.

      The big picture will prove GLW to handily beat EPS expectations for 2012, and the smart folks who add shares at opportunities like these will be rewarded.

      I expect the completion of the previous 1.5 billion buyback program to be announced before May, and another 2 billion buyback program to be initiated. Corning was very clear that they will be AGGRESSIVE in buying back shares at these levels.

      Before you know it, the float will be 1.2 billion shares and we can do the math on EPS and PE. PPS will go screaming into the 20's, and we look back and understand that this blip on the chart worked out to Cornings and longs benefit.


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