Viewing Company Corning Inc | StockChase
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Corning Inc Stock Symbol: GLW-N

Notes:A Major player in fibre optics

Last Price Recorded: $30.0300 on 2017-09-20

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Date Signal Expert Opinion Price
2017-08-11 BUY on WEAKNESS Darren Sissons

A very flat revenue line relative to most technology companies. The reason is that most of the volatility in earnings comes via joint ventures. The joint ventures, in many cases, is 50-50, where they own less than 51%. By owning less than 51%, it comes as an equity earning, so you need to look at the equity line. He feels this is very expensive. The US$ is making it a little cheaper.


Price:
$28.980
Subject:
GLOBAL EQUITIES & TECHNOLOGY
Bias:
UNKNOWN
Owned:
No
2017-05-16 COMMENT Lorne Steinberg

This is really a technology company in glass. They made their name in fiber-optic cables during the .com era, and when that fell apart, their glass business took off. They make gorilla glass for iPhones and high end TVs. The company is sitting with a cash pile and have been buying back stock. This remains very undervalued. He continues to see huge upside with this company.


Price:
$29.600
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Yes
2017-01-17 COMMENT David Dietze

Great company and has done a wonderful job over the decades, morphing from an old-line glass company into something that is really in the Tech mainstream. To the extent that there are some deemed protectionist policies promoted by Trump, he wonders what that does to a company like this, because so much of their business is global. There could be some real volatility.


Price:
$24.190
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2016-08-08 PAST TOP PICK Lorne Steinberg

(A Top Pick Oct 5/15. Up 31.92%.) This was famous for fibre optics, and now they are famous for making Gorilla Glass for the iPhone, TVs, etc. This came back after the whole .com thing. They always stuck with their businesses. Just sold their holding in Dow Corning for almost $5 billion, and are sitting with a ton of cash. Buying back massive amounts of stock. Earnings are growing at double digits. Huge free cash flow and is extremely cheap. Thinks the stock is worth about $30 a share.


Price:
$22.800
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
BEARISH on BONDS
Owned:
Yes
2016-05-24 SELL Jennifer Radman

(Market Call Minute.)


Price:
$20.090
Subject:
US LARGE
Bias:
UNKNOWN
Owned:
Unknown
2015-10-14 DON'T BUY Barry Schwartz

It screens well on valuation and generates a lot of free cash flow, but it was not his best idea.  The high growth is over for them. 


Price:
$17.000
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-10-05 TOP PICK Lorne Steinberg

That gorilla glass is on high end TV sets and on fiber optics.  They are in high end ceramics and high end glass.  They have net cash on the balance sheet, great free cash flow, and a great growth curve ahead of them over the next 10 years.


Price:
$17.640
Subject:
DEEP VALUE GLOBAL EQUITIES
Bias:
SELECTIVE
Owned:
Yes
2015-08-19 PAST TOP PICK Norman Levine

(A Top Pick Aug 1/14. Down 9.05%.) Had bought this at about $12 and sold it this year at $21+. Whether he gets back in is highly dependent on LCD screens and TV production and also on fibre.


Price:
$17.740
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-07-22 SELL Gordon Reid

Did a deal with Samsung where they bought out their joint venture and gave the company quite a boost. A lot of the products that this company is involved with can be commoditized. Whenever that happens, you tend to find that you sell more of it, but at a lower price. As an investor, that is not a great place to be.


Price:
$18.780
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Unknown
2015-07-15 TOP PICK Don Lato

The view on this depends on what your thoughts are about 4K TVs. Merrill Lynch says 4K TV is not coming out anytime soon and you should not be in this company. RBC is a believer in 4K TV as the next driver of the earnings growth for this company. As you see companies like Netflix and Amazon producing more and more of their content with 4K capabilities, it is going to bring on demand. Prices are coming down to not much more than a regular LCD TV, which will probably kick up the next leg of television purchases. This is where this company does 40% of their business. Dividend yield of 2.52%.


Price:
$19.060
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-05-26 DON'T BUY Norman Levine

Sold his position in the last few weeks. In the near to medium term it has probably seen its best.


Price:
$21.210
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-04-30 COMMENT Hap (Robert) Sneddon FCSI

The one area he would be concerned with is when it gets below the $20 level, because that is going to bring in the $17 support level pretty quickly. The technicals target for this was $25, which it hit, and then rolled right off it beautifully. He would look at getting out at $21. If it gets above $45, then you buy some more.


Price:
$20.930
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2015-02-25 DON'T BUY Gordon Reid

Has always resisted this because of his fear of a commoditization, i.e., falling prices. In the LCD world we have seen that. This company has done well because they have been smart in running their business. Based on a valuation level and his fear, he wouldn’t Buy this one.


Price:
$24.600
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
No
2015-02-24 PAST TOP PICK Prakash Hariharan

(A Top Pick Nov 4/14. Up 20.4%.) The rationale was its whole exposure to Gorilla Glass, and now the new business, potentially automobiles and other businesses that they are getting exposure to. Good dividend name with power to grow.


Price:
$24.780
Subject:
GLOBAL EQUITIES & DIVIDEND PAYING STOCKS
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-10 HOLD Christine Poole

Earnings are starting to revise upwards, because there is a thought out there that a lot of TVs will need to be replaced in the next year or 2. “Estimated price earnings” is nearly 16.


Price:
$24.850
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2015-02-03 TOP PICK Darren Sissons

We are starting to see the US economy starting to strengthen, so there are replacement cycles on TVs, phones, cars, etc. Also, Europeans are banking on fibre optics. Very strong balance sheet. Progressively growing its dividend. Has had a decent run, but he sees more upside.


Price:
$24.350
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-11-04 TOP PICK Prakash Hariharan

There are a few things that line up for this company. It has had a big call option on Apple (AAPL-Q) for a while in terms of iPhone 6, etc with its Gorilla Glass. One of its competitors, Sapphire Group, pulled out. Dividend quality and dividend coverage and Price to Book, compared to its peer group, is trading at a huge discount. Thinks there is a catch up in terms of the value proposition that the stock offers over the next 1-2 years. Dividend yield of 1.95%.


Price:
$20.680
Subject:
GLOBAL DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
2014-11-03 BUY Norman Levine

Sees lots of upside.  Gorilla glass.  iPhone 6 stayed with it.  There is a replacement cycle in LCD TVs.


Price:
$20.550
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-10-29 COMMENT Don Lato

Reacted reasonably well to its earnings announcements. Stock had been weaker for the last 3-4 months on talk of Apple (AAPL-Q) gravitating more and more to Sapphire, but that didn't happen. That should be a boost for the company who makes the Gorilla glass that goes in the iPhone and iPad. Still relatively cheap at about 13X next year's earnings. Still ample growth here. Yield of 2%.


Price:
$19.890
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2014-10-09 TOP PICK Darren Sissons

The recession deferred a lot of aging TV replacements, so there is going to start to be a replacement cycle in terms of new TVs. This will probably occurs 1st in the US and then as the global economy broadens out, there will be opportunities in other parts of the globe. Also their main competitor for gorilla glass just declared bankruptcy so there should be higher or more stable prices. Very strong balance sheet. Yield of 2.15%.


Price:
$18.580
Subject:
GLOBAL LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-09-29 PAST TOP PICK Norman Levine

(Top Pick Sep 3/13, Up 43.66%) Gorilla glass is only one part. They are big in fiber optics.  LCD screens are doing well again as they don’t last as long as the old fashion ones did.  Dividend grew 3 times in the last year.


Price:
$19.550
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2014-09-05 PAST TOP PICK Norman Levine

(Top Pick Sep 3/13, Up 56.14%) It was out of favour when he recommended it.  Liked their exposure to fiber optics and LCD screens.  LCD TVs don’t last as long as the old tube TVs so you replace them sooner.  We are entering a replacement cycle.


Price:
$21.290
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2014-08-28 COMMENT Don Lato

A very solid company. They make Gorrilla glass. One of his concerns is the Sapphire Surfaces, but he doesn’t think the Sapphire Surface is going to be in the iPhone as it is expensive.


Price:
$20.570
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-19 SELL Christine Poole

Tough competition.  Touch tablet is the growth area, but uses much less glass than TVs.  She would take profits now.


Price:
$20.340
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
No
2014-08-14 BUY Patrick Horan

There is a pull back on the glass side due to a consolidation on the wireless side in the US.  They don’t want to commit to any capital spending.  Long term this is a very good company and he likes the space.  Probably a good entry point from a seasonality standpoint.


Price:
$20.240
Subject:
NORTH AMERICAN
Bias:
BULL on US EQUITIES
Owned:
Unknown
2014-08-01 TOP PICK Norman Levine

Stock has been on fire until the last week or so, when they reported their earnings and sales were a bit disappointing. They are in a number of businesses, but all the market seems to care about is a product called Gorilla Glass. There are worries that when Apple (AAPL-Q) comes out with its new iPhone, it will switch from Gorilla Glass to Sapphire Glass. The market is fixated on Gorilla Glass and ignores its other businesses, such as LCD screens, etc.


Price:
$19.880
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-06-26 DON'T BUY Gordon Reid

Did a deal last November and bought out the partnership with Samsung and got more flexibility.  The difficulty is that they continually come back to a commoditized product.  They are a better story than a year ago, however.


Price:
$21.750
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2014-03-17 PARTIAL SELL Gavin Graham

To a certain extent, the rise in the stock is reflecting the enthusiasm for growth stories in technology and obviously Gorilla Glass is one of the better ones. The stock is only where it was 3-4 years ago. It may not be a bad idea to take some profits if you have done well over the last year.


Price:
$19.130
Subject:
GLOBAL & NORTH AMERICAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-03-06 PAST TOP PICK Darren Sissons

(Top Pick Feb 13/13, Up 57.84%) Supplies products that are needed.  Balance sheet is fantastic.  Raised dividend three times in the last 20 months.  Year over year sales gains are propelling the stock.  It will continue to do well.


Price:
$19.540
Subject:
GLOBAL LARGE
Bias:
CONTRARIAN
Owned:
Yes
2014-01-30 BUY Darren Sissons

Has a very, very strong balance sheet, such that it has raised its dividend 3 times in the last 18 months. Bought back $1.5 billion of its shares and have announced another share buyback. Now collapsing the joint venture with Samsung which ultimately leads to an additional $500 million of free cash flow. They are effectively swimming in capital. Ultimately, the display business is a little soft at the moment. US and European recoveries will mean new TV replacements.


Price:
$17.380
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Unknown
2013-12-03 BUY Irwin Michael, B.Com, MBA

This is a large cap.  He tends to go for smaller.  He bought it and management turned the company around.  He views it as industrial rather than high tech, despite their glass for handhelds.  It might even be in play.  Have about 2000 patents.


Price:
$16.780
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Unknown
2013-11-29 COMMENT Brian Acker, CA

Has a model price of $31.69, and 85% upside. They just need to establish some good earnings and that there is a confidence level in their earnings. If the CEO can simplify the company and give us a good level of confidence on their earnings, the stock will go substantially higher.


Price:
$17.080
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2013-11-11 HOLD Patrick Horan

They do physical fibre optics. If you want something growthier, you could look at JDS Uniphase (JDSU-Q) that makes the components and test equipment or Exfo (EXF-T) that is a leader in test equipment globally. They haven’t done as well as Corning, but he expects them to do better over the next 3-4 years. This one is a fine stock to hold and has a good management team. Have technological leadership.


Price:
$16.590
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2013-10-29 SELL Christine Poole

(Market Call Minute) Sell post the announcement of that acquisition with Samsung.


Price:
$17.510
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2013-10-28 DON'T BUY Ian Ainsworth

Fairly mature business.  Their recent deal is highly accretive, but their mix of revenues is even more mature.  He thinks that this company does not pass his growth criteria.


Price:
$17.300
Subject:
GROWTH & TECHNOLOGY
Bias:
BULLISH on CANADIAN MARKET
Owned:
Unknown
2013-10-16 TOP PICK Norman Levine

Makes fiber, solar, medical products and LCD+phone screens.  Bottomed and doing better.  Raise dividend three times in the last year.


Price:
$14.420
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on EUROPE
Owned:
Yes
2013-10-09 DON'T BUY Barry Schwartz

This keeps popping up but it s very commodity business and there are a lot of competitors.  If it fell with the market it could be a good opportunity but he is not looking at it right now.  It is too volatile.


Price:
$14.010
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on CANADIAN MARKET
Owned:
No
2013-10-04 DON'T BUY Gordon Reid

Difficulty here is that their products continue to get commoditized. They have a headwind, which is that the price of their product continues to fall. Volumes are rising. Growth is low.


Price:
$14.630
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2013-09-20 BUY Irwin Michael, B.Com, MBA

Had bought this as a deep value US company. Primarily known for its Gorilla glass, which is used virtually in everything. Very well run company. Terrific balance sheet. Pays a good dividend. His target is $18-$20. Could be a takeover target because of all of its patents.


Price:
$14.670
Subject:
VALUE
Bias:
BULLISH
Owned:
Yes
2013-09-03 TOP PICK Norman Levine

LCD TV market is recovering. Also, put a lot of glass into solar energy equipment. Also, big in telecommunications. As fibre to the home grows, they are probably the biggest player in this. All of their businesses have been doing iffy but are doing better. Strong balance sheet and has increased its dividends 3 times in the past 18 months. Yield of 2.85%.


Price:
$13.920
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-07-17 DON'T BUY Gordon Reid

Has always been challenged because it is commoditized. They continue to produce more volume and better products but, at the end of the day, if the price of your product continually falls it is just a brutal wind in your face.


Price:
$14.820
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
No
2013-05-27 WAIT Larry Berman CFA, CMT, CTA

Had a phenomenal run, a stock he likes, very high and he would have trouble chasing it unless it fell back to its break-out area.


Price:
$15.660
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2013-04-30 BUY Lorne Steinberg

Their big business is glass for television sets, phones and they still make fibre-optic cable. Incredibly cheap. Never recovered from the DOT COM period although amazingly transitioned into high end glass which is definitely a growth business as screens get larger and larger and the world shifts to smart phones. Margins are improving. This will be a double digits earnings story for the next few years.


Price:
$14.500
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
BULLISH on FOREIGN
Owned:
Yes
2013-04-24 PAST TOP PICK Darren Sissons

(A Top Pick April 12/12. Up 3.58%.) Average TV in houses is growing larger. Introducing a new black screen technology, which used to be used by fighter pilots. Last year they acquired a big laboratory asset which will be accretive to earnings. Raised its dividend 3 times in the last 18 months. Has also been buying back shares.


Price:
$13.850
Subject:
GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2013-04-11 DON'T BUY Gordon Reid

They come out with great products but unfortunately the products have tended to become commoditized. As much as they can make hay on the volume side, they are losing on the pricing side so it is a little difficult to get traction.


Price:
$13.370
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2013-04-02 DON'T BUY Mark Grammer

Gorilla glass is a very profitable product for them. They are dominant in glass manufacturing. The issue for them is the weakening yen, which helps their competitors. This industry is difficult and he can find better growth elsewhere.


Price:
$13.330
Subject:
GLOBAL
Bias:
BULL on US & International
Owned:
No
2013-03-15 PAST TOP PICK Norman Levine

(A Top Pick March 20/12. Down 5.77%.) The areas of glass that they are most leveraged to are fibre optics and LCD TVs. He expects the LCD business to start to pick up.


Price:
$12.920
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-03-13 DON'T BUY Gordon Reid

This whole industry is becoming commoditized so prices are dropping at a fairly fast clip even though volumes are rising. Have great technologies including Gorrilla glass and Willow glass. Great products, but they don’t have the pricing power.


Price:
$12.640
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Unknown
2013-03-01 TOP PICK Irwin Michael, B.Com, MBA

Stock is a bit of a conundrum. He struggles to find deep value stocks and, invariably, they are small to midcap with a lot of market disdain. This one is a large cap with an $18 billion market cap. Has free cash flow of over $500 million and trades well below tangible book. Dividend of 2.86%.


Price:
$12.590
Subject:
VALUE
Bias:
SELECTIVE
Owned:
Yes
2013-02-13 TOP PICK Darren Sissons

(A Top Pick March 1/12. Down 0.55%.) Gorilla glass sold $1 billion last year and they are now looking for industrial applications such as sun roofs in cars. Fibre to the home is being driven on the back of much more data been pushed through the system. Its 3 big engines of growth are all structured through joint ventures. As income goes through the joint ventures, they only own 49% of them so volatility will be lower than you see with tech companies. Has a progressive dividend and they bought back $1.5 billion of stock.


Price:
$12.780
Subject:
GLOBAL
Bias:
BULLISH
Owned:
Yes
2012-12-31 BUY Bill Carrigan

Building a bit of a base.  He favours this one.


Price:
$12.620
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2012-12-20 PAST TOP PICK Darren Sissons

(Top Pick Apr 12/12, Down 4.87%)


Price:
$12.790
Subject:
GLOBAL LARGE
Bias:
SELECTIVE
Owned:
Yes
2012-12-19 DON'T BUY Gordon Reid

They continue to do well in terms of usage, but they suffer from commoditization of their product.  He has stayed clear.  They will be a leader in their industry but how profitable? 


Price:
$12.770
Subject:
US EQUITIES
Bias:
BULLISH on US MARKET
Owned:
Unknown
2012-11-20 PAST TOP PICK Darren Sissons

(Top Pick Mar 1/12, Down 11.80%)  There was an over-supply in the glass business.  Q1 tends to run for Tech.  It looks like capacity has been taken out of the system and we are seeing stability in the glass pricing.  As the US starts to recover you will start to get TV purchasing.


Price:
$11.180
Subject:
GLOBAL LARGE
Bias:
SELECTIVE
Owned:
Yes
2012-11-13 DON'T BUY Christine Poole

Make the glass for big TVs.  There has been an oversupply in the industry.  This is not a name she is interested in.  Anyone who wants a flat panel TV has one and the kids only watch on their tablet, handheld or laptop.


Price:
$11.160
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2012-10-18 WAIT Hap (Robert) Sneddon FCSI

Made a bottom in the end of 2011 and has made a lower bottom which is not good. If it could get above around $15, it would probably do wonders for the stock.


Price:
$13.740
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2012-10-05 PAST TOP PICK Brian Acker, CA

(A Top Pick Oct 11/11. Down 0.11%.)


Price:
$13.300
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2012-09-14 PAST TOP PICK Darren Sissons

(A To Pick April 12/13. Down 3.98%.)


Price:
$13.120
Subject:
GLOBAL LARGE
Bias:
DEFENSIVE
Owned:
Yes
2012-08-22 DON'T BUY Gordon Reid

This is a stock that looks very appealing as it is trading at a very low multiple but what is happening is that glass is becoming commoditized and margins are getting squeezed.


Price:
$11.730
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Unknown
2012-08-14 TOP PICK Darren Sissons

(Top Pick Mar 11/12, Down 10.51%) Play on smart phone and tablet world.  He likes it because every one of its major markets are bottom of the cycle.  Buy back, tons of cash. All divisions should recover by 2-3 years.  Expecting a recovery in consumer demand including housing demand, and suspects TV sales will slowly improve.  3% dividend and a buy back.  He would be buying all the way up to $13.  The bottom has been hit on TV sales, which is the headlines that this one moves to.


Price:
$11.520
Subject:
GLOBAL LARGE
Bias:
BEARISH on the EURO
Owned:
Yes
2012-08-09 DON'T BUY Mark Grammer

Not one of his favourite companies.  Issue is commodity.  There are only 3 competitors on the glass side but they tend to beat each other up on margins.  Corning is tied to flat screen televisions and they have not grown in sales recently.  There is not much chance of growth.  Apple is notorious for not letting the supplier take the margin and keeping it for themselves.


Price:
$11.590
Subject:
GLOBAL
Bias:
SELECTIVE
Owned:
Unknown
2012-08-01 DON'T BUY Christine Poole

Thinks there is more downside to come. This is driven by consumer demand for TVs etc.


Price:
$11.310
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2012-07-31 PAST TOP PICK Brian Acker, CA

(Top Pick July 8/11, Down 35%) He reduced the position when it fell out of the S&P 100.  Model $ 23.71, 107% upside.  But he believes Corning will end up at around the $9 level.  It will re-invent itself again.


Price:
$11.410
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2012-07-25 SELL Gordon Reid This is a company that you would think should do very, very well but they can't seem to get out of their own way. Good products and seemed to be at the sweet spot of the technology cycle but it is just tough for them.
Price:
$11.140
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
No
2012-07-13 PAST TOP PICK Darren Sissons (A Top Pick April 12/12. Up 10.16%.)
Price:
$12.320
Subject:
GLOBAL LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2012-06-01 PAST TOP PICK Darren Sissons (Top Pick Mar 1/12, Down 0.59%)
Price:
$12.610
Subject:
GLOBAL LARGE
Bias:
DEFENSIVE
Owned:
Unknown
2012-05-14 COMMENT Don Lato You would think with all the smart phones and tablets that are being marketed that they would be doing better. Stock seems to continually being bumping along. He would prefer Cirrus Logic (CRUS-Q) which does all of the sound chips for the iPhone and iPad.
Price:
$13.310
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2012-05-09 DON'T BUY Gordon Reid (Market Call Minute.) Having trouble getting out of its own way. This is something that should do well because of the amount of glass that they are producing both for tablets and for LED TVs. Product is being commoditized, which is eating into their margins.
Price:
$13.380
Subject:
US EQUITIES
Bias:
BULLISH on US MARKET
Owned:
No
2012-05-08 WATCH Christine Poole They make the screens for LCD TVs and there has been weak demand for the last year or 2. It probably is undervalued because it is a cyclical name. Starting to see some stabilization in supply/demand in the last quarter. In fact continues and we see an improvement consumer demand and confidence, she expects there will be an upward movement.
Price:
$13.360
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2012-04-18 DON'T BUY Gordon Reid Cheap in terms of valuation back strikes him as a bit of a value trap because it is having trouble getting traction. Putting out lots of glass because the new LD technology has twice the glass of the ordinary TV.
Price:
$13.540
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2012-04-12 TOP PICK Darren Sissons LCD’s, which is everything from cell phones through to TVs through to screens. That business is currently having a pretty tough time but market is starting to rationalize supply, which will be good for the story. Into a joint venture with Samsung and ultimately any earnings will be 100% credited to earnings. Also make fibre-optic cable and the telecom business will do really well. Fortress balance sheet. Very cheap.
Price:
$13.730
Subject:
GLOBAL LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2012-03-20 TOP PICK Norman Levine Just bought it. It is very cheap. Is in a number of good businesses, glass related. Fiber optics – smart phones straining data bandwidth. Developing world is exploding in demand for fiber. Fiber starting to go into home.
Price:
$14.050
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2012-03-01 TOP PICK Darren Sissons Glass products and LCDs, which have been having a very tough time. Likes to buy good companies that are really beaten up. Going to be a big growth story. Telecom sector is going to build out with fiber optic. We will see a recovery in consumer TVs, etc. Reasonable dividend, room to grow, great balance sheet.
Price:
$12.970
Subject:
GLOBAL LARGE
Bias:
BULLISH
Owned:
Yes
2012-01-13 DON'T BUY Gavin Graham Capital equipment manufacturer and tech companies are all saying that demand is definitely diminishing, especially in Europe where both governments and corporations are cutting back.
Price:
$14.000
Subject:
GLOBAL
Bias:
DEFENSIVE
Owned:
Unknown
2012-01-05 DON'T BUY Christine Poole Has been beaten down. They have lowered guidance of late. They provide the glass for LTD TV’s and there is an oversupply due to a weak consumer environment globally.
Price:
$13.280
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2012-01-05 DON'T BUY David Burrows (Market Call Minute.) Difficult making a margin in the glass business right now. He is short the stock.
Price:
$13.280
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2011-11-29 DON'T BUY David Burrows We are in a market where even the companies that are hitting the numbers and doing relatively well are being called into question. The last 3 earnings numbers have been negative and there is question about the sustainability of earnings.
Price:
$13.190
Subject:
NORTH AMERICAN - LARGE
Bias:
DEFENSIVE
Owned:
Unknown
2011-11-21 BUY Mohsin Bashir Optical fibre, cable and LCD producer. Very cyclical business. Has found a little bit of support in recent weeks. Business is heavily driven by the profits from the glass business. Negotiating the 6% revenues they get from Samsung, which is expiring in the next quarter. Great dividend payer and a low payout ratio of 10%-15%.
Price:
$14.530
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2011-11-01 TOP PICK Lorne Steinberg Dot com darling. Management did an amazing transition. Not a lot of competition. Earnings will stay flat. 3D TV is next. Incredibly well positioned.
Price:
$13.890
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
BEARISH
Owned:
Yes
2011-10-11 TOP PICK Brian Acker, CA (A Top Pick Nov 8/10. Down 26.82%.) His model price is $31.44, a 30% upside. Consumer play which is a big part of the business.
Price:
$13.700
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2011-08-22 DON'T BUY Chyanne Fickes Their big product right now is the Gorilla glass but the stock is not that cheap. Very low growth.
Price:
$14.160
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2011-07-08 TOP PICK Brian Acker, CA His model price is $39.38, which is a differential of 120%.
Price:
$17.860
Subject:
NORTH AMERICAN - LARGE (OIL/GAS)
Bias:
UNKNOWN
Owned:
Yes
2011-06-28 WAIT David Burrows Had a pretty good run last year and recently had a bit of a pullback. In the fibre business. It also comes down to consumer spending in the glass business. No sign of a turnaround at this time. There is support at $17, but he prefers to see the price start to move up.
Price:
$17.550
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2011-04-27 DON'T BUY Gordon Reid Just reported and the earnings and revenue were very good but noticed their margins were starting to slip. At what point des the glass (LCD) market start to see price deflation? Unit revenue is starting to fall.
Price:
$21.080
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Unknown
2011-04-12 DON'T BUY Derek Webb, CFA You would think it would be on fire because they make fiber optics amongst other things. We have a bandwidth issue. But it has not been beating earnings recently. It has been going sideways for a year. Longer term this sector should do very, very well but right now it is isn’t
Price:
$19.180
Subject:
OPTIONS & TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
No
2011-03-16 COMMENT Gordon Reid Be care full assuming they supply glass for Apple. There are confidentiality agreements with Apple’s suppliers. Guerrilla glass is a small part of their business and is growing. It is tough to manage inventory stuffing in this business.
Price:
$20.530
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2010-11-18 PAST TOP PICK Stan Wong (A Top Pick Nov 4/09. Up 20%.) Sold his holdings in the summer at around current level because earnings momentum had weakened.
Price:
$17.730
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
No
2010-11-08 TOP PICK Brian Acker, CA When you look at the top 100 of S&P500 in terms of differential to model price, this is number 1. 36.10, 91% difference. $37.94 model price next year. Recession is the biggest risk.
Price:
$18.980
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2010-10-15 PARTIAL SELL Andrew McCreath Poor share price performance for quite some time. Good underlying growth in the key business segments that the company competes in but there is also lots of capacity. If you own, consider trimming.
Price:
$18.780
Subject:
NORTH AMERICAN & MARKET NEUTRAL INVESTING
Bias:
DEFENSIVE
Owned:
No
2010-08-17 TOP PICK Brian Acker, CA Reported pretty good earnings. Beat their numbers. His model price is $34.21, a 106% upside. Forward PE of 7.64.
Price:
$16.570
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2010-06-17 PAST TOP PICK Stan Wong (A Top Pick Nov 4/09. Up 22.5%.) 45% of the company's sales and 80% of profits are from LED and LCD screens. Cheap at under 9X forward PE. Long-term growth forecast is 12% annually. Can benefit from a recovery on the consumer's side.
Price:
$18.310
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2010-01-13 COMMENT Gordon Reid Good company. Couple of things happening in the LCD screen space. Screens are getting bigger and cheaper but volumes are rising dramatically.
Price:
$20.310
Subject:
US EQUITIES
Bias:
BULLISH on HEALTH CARE
Owned:
Unknown
2010-01-07 WEAK BUY David Burrows Bet on glass for LCD screens and get about 80% of business and 40% revenues from this. Pricing has been pretty strong and is improving. Looks pretty good but is a one trick pony.
Price:
$19.570
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2009-11-04 TOP PICK Stan Wong Stock hasn't done much in the last little while. Reported very good earnings recently. Primary business is display technology and 80% of profits come from LCDs and expects a recovery soon in this area. Trades at 9X forward PE.
Price:
$14.870
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2009-02-06 COMMENT Charles Bobrinskoy Very volatile stock. Faddy, trendy stock but some of their businesses could get hot again.
Price:
$11.730
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
No
2008-09-08 DON'T BUY Matthew McCall Recently warned going forward. Would be catching a falling knife. Demand for LCD screens has dropped.
Price:
$16.580
Subject:
US EQUITIES
Bias:
BULLISH on US$
Owned:
No
2008-05-05 TOP PICK Howard Sutton A play on LCD televisions. They dominate the space in providing the glass for it. Historically trading at the low end of its earnings per share.
Price:
$27.040
Subject:
GLOBAL INNOVATION
Bias:
BULLISH
Owned:
Unknown
2008-03-18 TOP PICK Mark Grammer The weak US dollar has really helped Corning, because of the YEN. Significant increase in their profits. Even without the US dollar they have great margins. Some concern in the LCD will slow. They additionally have some fledgling businesses which will increase their growth in time. (Diesel filter, and silicon for solar cells companies).
Price:
$24.390
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2007-12-13 BUY Paul Harris, CFA The LCD business has been difficult because of competition. A good company and have some very strong parts to the company. Over the next 2 to 3 years it will do well.
Price:
$24.700
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
No
2007-10-25 WATCH David Driscoll Has been struggling. As prices are coming down their margins are getting hurt. Earning strength has not been great, not generating enough free cash flow to keep R&D going at high rate.
Price:
$23.620
Subject:
GLOBAL EQUITIES
Bias:
UNKNOWN
Owned:
No
2007-10-16 BUY Peter Hofstra Company involved in fibre optics for the flat panel industry. Stock is below fair value. This is a decent entry point. Outlook is strong.
Price:
$25.280
Subject:
TECHNOLOGY - LARGE CAPS
Bias:
UNKNOWN
Owned:
Unknown
2007-10-10 DON'T BUY Brian Acker, CA He has a model price of $28.88 giving it a 10% positive differential. He is finding much more value elsewhere.
Price:
$26.290
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2007-09-20 WEAK BUY Brian Acker, CA Model price 16.6% positive differential. Would recommend adding to portfolio.
Price:
$23.850
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2007-09-19 TOP PICK Mark Grammer Leader in LCD glass. Leading edge. Have different technology process, more effective. Announced they will be at high end of forecast. Stronger yen is big benefit to them, Japanese are customers/ competitors.
Price:
$24.020
Subject:
GLOBAL EQUITIES (FUNDAMENTAL & TECHNICAL)
Bias:
UNKNOWN
Owned:
Yes
2007-09-10 BUY Alan Kral , CFA, CIC Basically reinvented itself 3 times. From glass products, it evolved into fibre optics with explosive growth in the late 90s. Fibre optics collapsed and they moved into LCDs and screens. Willingness to move into different fields is a very strong point fo
Price:
$24.910
Subject:
FIXED INCOME & US VALUE
Bias:
CAUTIOUS
Owned:
No
2007-08-13 TOP PICK Mark Grammer Growing much faster than the market. Trading at a slight premium to the market at 17 X earnings. Has 60% growth margins on its glass side. About 80% of its profits come from glass used in LCD screens. The other side of their business has been improving.
Price:
$23.680
Subject:
GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2007-07-31 BUY John O'Connell, CFA Big manufacturer of LCD screens. LCD costs are coming down but usage is going up. Margins are staying relatively stable. Fibre optics is getting used up. Good value.
Price:
$23.840
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2007-06-06 TOP PICK Mark Grammer Seeing a big increase in fiber optics and LCD. Biggest manufacture of wafers for solar cells.
Price:
$25.670
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2006-11-09 TOP PICK Ian Ainsworth Now the dominant player of flat panel LCD TV’s. Commoditization of the LCD market. Price decreases in TVs gives concerns on what Christmas sales will be. Also a leader in diesel filters. Technology is so much better than anyone else’s.
Price:
$20.130
Subject:
GLOBAL TECHNOLOGY
Bias:
BULLISH on TECHNOLOGY
Owned:
No
2006-09-14 DON'T BUY Benj Gallander Trading over $20 so he wouldn't go near it now. Book value is $4 and change. There have been 25 insider tractions over the last few months.
Price:
$22.900
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
BEAR
Owned:
No
2006-08-02 WAIT Brian Acker, CA Had a huge correction since May and is now below his model price of $20.41. A positive 12% differential. Would be a buyer at $16.26.
Price:
$18.000
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2006-06-15 DON'T BUY Peter Hofstra Flat panel display screens have taken over fibre-optics as their main business. Requires massive foundries and then they have to sell off capacity. Inventory tends to cycle. Valuation is not compelling yet.
Price:
$22.740
Subject:
TECHNOLOGY - LARGE CAPS
Bias:
OPTIMISTIC
Owned:
No
2006-04-27 DON'T BUY Brian Acker, CA His model price is $22.25 which is a negative 21% differential.
Price:
$28.250
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2006-04-24 BUY Ben Rogoff Expectations on their earnings have gone up significantly over the last few weeks. Frankly, they are working in an oligopoly in that they are main suppliers of glass for flat panel TV. The key to this is all about LCD television penetration. There is another year left in this stock.
Price:
$28.780
Subject:
GLOBAL TECHNOLOGY
Bias:
BULL on TECHNOLOGY
Owned:
Yes
2006-02-13 BUY Norman Levine In the technology area, this is a stock you will want to own. Valuation is good. Starting to look at this one.
Price:
$23.650
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2006-02-02 BUY Jim O'Shaughnessy If it gets to a valuation of anything north of 1.5 X sales you would want to be careful.
Price:
$24.210
Subject:
GLOBAL LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2006-01-30 TOP PICK Peter Brieger This Top pick consists of a basket of U.S. large caps, Gardner Denver (GDI-N), Corning (GLW-N) and Ingersoll-Rand (IR-N) Parker Hannifin (PH-N) and Timken (TKR-N). Infrastructure spending has lagged severely. On the corporate side, there is lots of cash on hand, debt has declined
Price:
$24.940
Subject:
CANADIAN LARGE & INCOME TRUSTS
Bias:
UNKNOWN
Owned:
Yes
2005-11-16 PAST TOP PICK Ian Ainsworth (A Top Pick Jan 20/05. Up 72%.) They play the digital television market through their ability to make large pieces of glass.
Price:
$20.390
Subject:
GLOBAL GROWTH (TECHNOLOGY)
Bias:
SELECTIVE
Owned:
Yes
2005-08-03 DON'T BUY David Driscoll Has had a nice little turn around. Starting to get their business back in order. His valution is between $11 and $15, so the stock is too expensive.
Price:
$20.090
Subject:
GLOBAL EQUITIES
Bias:
SELECTIVE
Owned:
No
2005-01-20 TOP PICK Ian Ainsworth A leader in making glass. They are now primarily into liquid crystal display (LCD) screens. LCD TV's are coming down in price so rapidly that everyone wants them. Market place will probably be 50% LCD's before long.
Price:
$11.660
Subject:
NORTH AMERICAN/GLOBAL (GROWTH)
Bias:
CAUTIOUS
Owned:
Yes
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