Nice volume! Over 6 million on the day and over 1.5 million in the last hour.
S
I do realize that GLW has underperformed the market in the last 4 months, but on the flip side I don’t see a single post on why GLW is a good value at ~$37 to attract new money. The usual trashing posts from investors who either bought at the recent 52 week high or in the single digits 20 years ago, who get their daily gratification from watching the stock price. What is not to like from a stock that is selling at a discount to the S&P, increasing dividend, strong growth ahead and the company buying back it’s own stock. Either use this opportunity to buy and recommend to friends and family to average in their positions or short the stock.
S
Not sure if anyone noticed, but the vol. in the last hour on Friday was over a million shares.
C
Hopefully GLW is using this dip to buy back shares. All its divisions are performing well, so I believe the company is in the best position it has been in many years.
B
I'm at a loss as to why GLW hasn't experienced much love this year. It grew earnings by 700% over past year, forecasted to grow earnings at another 33%. Is well under intrinsic fair value by 38%. Has a forward PE of only 16 in an industry with an average of 23. Has a PEG well under 1 at 0.77. With the love expected to hit building up infrastructure, coupled with tech, GLW looks pretty darn good.
s
For what it’s worth, CFRA maintains “buy” rating on GLW; places PT of $50 on stock. Nice of them.
H
There is absolutely no trust or confidence in this Corning management team and the only solution is to purify this group with new management. As shareholders we gave dealt with this ineptitude to long, we deserve sound managers who will grow the company and grow earnings.
R
Hobo what is going on with glw
R
I owned CSCO in the early 2000's when they had a conservative CEO. CSCO would have great earnings the CEO would constantly give conservative forward projections it lingered around $17 for years until they got a new CEO it's now going through 60. Look at MSFT with the previous CEO it increased very little in value it gets a new CEO and it sky rockets. Weeks continually gives ultra conservative forward guidance and that keeps the institutional buying away. I use an algo based system and Corning is rated C for institutional buying if only he would change his ways of giving conservative projections this stock probably would be much higher. It's like he has no confidence in GLW. It is what it is we can't change him or replace him it's just so sad to watch it's such a great company. Let's just hope he retires soon and they bring in some young blood like CSCO and MSFT did so we can make some money. GLTA.
J
With a trailing PE of 38 and a Forward PE of 17 what more do you expect? This has never been a high growth stock and it’s future has always looked bright but their ability to deliver consistently increasing profits has been spotty so my expectation is $44 by year end and I am okay with that being a long term holder.
R
I am not the robert poster that's been on here forever but a new robert!!
I agree with the recent post to change management it would be great for this company. Wendell has been around too long and is too weak!! We need new blood at the top I have never seen such a great quarter like they just had rewarded with a 15% stock price drop something is wrong.
S
Been quiet off lately, last day today to buy shares for the $0.24 dividend on Sep. 29, we go ex-dividend on Monday. Other than that no news to pump up the stock price, just collect the dividend and sleep well!
r
@Bizarittino: well stated! I have owned GLW for 21 years and definitely it is a conservative stock and not like APPL, AMZN, or FB. The dividends have been increasing and I own enough shares from $1-5 to be happy. It would have been nice if I invested in one of those stocks back then, but I am very comfortable nevertheless.
j
SOMEDAY, after holding this stock for over 24yrs, someone will be able to explain the gyrations of this equity. What keeps this propped up on a day like today? Any news out there?
C
GLW has increased the amount of its products that are included in cars. With the tens of thousands of cars destroyed by the floods, GLW's auto products segment should be hard pressed to meet the demand.
S
Disappointing day for sure, getting caught between customers and suppliers. About time GLW get a bad attitude and start aggressively mitigating the inflationary costs and sticking it to customers with an adjustable levy, just like steel makers do with the price of scrap metal.
r
@jeff: Agree with you statement regarding S. At least we get good dividends - for me about 164k/year. Just need patience / this is not a day trading stock!
r
@Hobo: you are just like me. I agree that complaints are warranted but thank god for the increasing dividends.
A
This could be a great company with more aggressive management entire new line up the good old boys have seen their better days. Fresh blood is what this needs…. Been out since 46 other than a quick in and out made a ton of money here but sadly management is way too layed back aka asleep good luck to all longs…
r
@jeff: S muted us-I guess he cannot take constructive comments. That is what this board is and should be about. GLTA!
I agree with the recent post to change management it would be great for this company. Wendell has been around too long and is too weak!! We need new blood at the top I have never seen such a great quarter like they just had rewarded with a 15% stock price drop something is wrong.
What keeps this propped up on a day like today? Any news out there?