Corning Inc | StockChase
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Corning Inc (GLW-N)

Last Price Recorded: $31.6300 on 2017-11-17

ON STOCKCHASE SINCE Oct 2000

A Major player in fibre optics

misc industrial products

Corning Inc


Signal Opinion Expert

2017-08-11

BUY on WEAKNESS
Corning Inc (GLW-N)

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.

misc industrial products
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $28.980
Owned: No

2017-05-16

COMMENT
Corning Inc (GLW-N)

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.

misc industrial products
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $29.600
Owned: Yes

2017-01-17

COMMENT
Corning Inc (GLW-N)

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.

misc industrial products
David Dietze

Founder, Pres. & Chief Investment Strategist, Point View Wealth Management

Price: $24.190
Owned: Unknown

2016-08-08

PAST TOP PICK
Corning Inc (GLW-N)

(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.

misc industrial products
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $22.800
Owned: Yes

2016-05-24

SELL
Corning Inc (GLW-N)

(Market Call Minute.)

misc industrial products
Jennifer Radman

VP & Sr. Portfolio Manager, Caldwell Investment Management

Price: $20.090
Owned: Unknown

2015-10-14

DON'T BUY
Corning Inc (GLW-N)

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. 

misc industrial products
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $17.000
Owned: No

2015-10-05

TOP PICK
Corning Inc (GLW-N)

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.

misc industrial products
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $17.640
Owned: Yes

2015-08-19

PAST TOP PICK
Corning Inc (GLW-N)

(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.

misc industrial products
Norman Levine

Managing Director, Portfolio Management Corp

Price: $17.740
Owned: No

2015-07-22

SELL
Corning Inc (GLW-N)

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.

misc industrial products
Gordon Reid

President, GoodReid Investment Counsel

Price: $18.780
Owned: Unknown

2015-07-15

TOP PICK
Corning Inc (GLW-N)

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%.

misc industrial products
Don Lato

President, Padlock Investment Management

Price: $19.060
Owned: Yes

2015-05-26

DON'T BUY
Corning Inc (GLW-N)

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

misc industrial products
Norman Levine

Managing Director, Portfolio Management Corp

Price: $21.210
Owned: No

2015-04-30

COMMENT
Corning Inc (GLW-N)

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.

misc industrial products
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $20.930
Owned: Unknown

2015-02-25

DON'T BUY
Corning Inc (GLW-N)

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.

misc industrial products
Gordon Reid

President, GoodReid Investment Counsel

Price: $24.600
Owned: No

2015-02-24

PAST TOP PICK
Corning Inc (GLW-N)

(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.

misc industrial products
Prakash Hariharan

Portfolio Manager, Front Street Capital

Price: $24.780
Owned: Yes

2015-02-10

HOLD
Corning Inc (GLW-N)

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.

misc industrial products
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $24.850
Owned: No

2015-02-03

TOP PICK
Corning Inc (GLW-N)

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.

misc industrial products
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $24.350
Owned: Yes

2014-11-04

TOP PICK
Corning Inc (GLW-N)

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%.

misc industrial products
Prakash Hariharan

Portfolio Manager, Front Street Capital

Price: $20.680
Owned: Unknown

2014-11-03

BUY
Corning Inc (GLW-N)

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

misc industrial products
Norman Levine

Managing Director, Portfolio Management Corp

Price: $20.550
Owned: Unknown

2014-10-29

COMMENT
Corning Inc (GLW-N)

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%.

misc industrial products
Don Lato

President, Padlock Investment Management

Price: $19.890
Owned: Yes

2014-10-09

TOP PICK
Corning Inc (GLW-N)

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%.

misc industrial products
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $18.580
Owned: Yes

2014-09-29

PAST TOP PICK
Corning Inc (GLW-N)

(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.

misc industrial products
Norman Levine

Managing Director, Portfolio Management Corp

Price: $19.550
Owned: Yes

2014-09-05

PAST TOP PICK
Corning Inc (GLW-N)

(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.

misc industrial products
Norman Levine

Managing Director, Portfolio Management Corp

Price: $21.290
Owned: Yes

2014-08-28

COMMENT
Corning Inc (GLW-N)

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.

misc industrial products
Don Lato

President, Padlock Investment Management

Price: $20.570
Owned: Yes

2014-08-19

SELL
Corning Inc (GLW-N)

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

misc industrial products
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $20.340
Owned: No

2014-08-14

BUY
Corning Inc (GLW-N)

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.

misc industrial products
Patrick Horan

Portfolio Manager, Agilith Capital Inc

Price: $20.240
Owned: Unknown

2014-08-01

TOP PICK
Corning Inc (GLW-N)

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.

misc industrial products
Norman Levine

Managing Director, Portfolio Management Corp

Price: $19.880
Owned: Yes

2014-06-26

DON'T BUY
Corning Inc (GLW-N)

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.

misc industrial products
Gordon Reid

President, GoodReid Investment Counsel

Price: $21.750
Owned: Unknown

2014-03-17

PARTIAL SELL
Corning Inc (GLW-N)

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.

misc industrial products
Gavin Graham

Trustee, Pointbreak ETFs

Price: $19.130
Owned: Unknown

2014-03-06

PAST TOP PICK
Corning Inc (GLW-N)

(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.

misc industrial products
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $19.540
Owned: Yes

2014-01-30

BUY
Corning Inc (GLW-N)

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.

misc industrial products
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $17.380
Owned: Unknown

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