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Corning Inc. Message Board

  • askindoc Oct 24, 2013 12:00 PM Flag

    Your thoughts

    The street really hates this company and/or doesn't trust mgt and their spokesman concerning the benefits of the Samsung deal. Is the reluctance to push the stock price to a reasonable value....18 or so based upon hidden legacy legal costs such as the asbestos overhand? Something is really fishy about the action of GLW in the face of all the alleged upgrades.Comments are welcome.

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    • I don't think Wall Street holds grudges. They look at performance and potential. One of the concerns with any technology company is that someone is going to come out with a product that will make yours obsolete. The really good companies don't rest on their laurels, but look to obsolete their products themselves.

      I have just initiated a long position in GLW and one factor I look forward to is Wall Street gaining more confidence in the company, leading to comfort with a higher P/E. I also like this deal. I don't expect another pop soon, but I believe there will be steady appreciation in the price.

      Sentiment: Strong Buy

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