Corning Inc | StockChase
162
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

2013-12-03

BUY
Corning Inc (GLW-N)

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.

misc industrial products
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds

Price: $16.780
Owned: Unknown

2013-11-29

COMMENT
Corning Inc (GLW-N)

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.

misc industrial products
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $17.080
Owned: Unknown

2013-11-11

HOLD
Corning Inc (GLW-N)

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.

misc industrial products
Patrick Horan

Portfolio Manager, Agilith Capital Inc

Price: $16.590
Owned: Unknown

2013-10-29

SELL
Corning Inc (GLW-N)

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

misc industrial products
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $17.510
Owned: No

2013-10-28

DON'T BUY
Corning Inc (GLW-N)

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.

misc industrial products
Ian Ainsworth

Vice President, Investments, MacKenzie Financial Corp.

Price: $17.300
Owned: Unknown

2013-10-16

TOP PICK
Corning Inc (GLW-N)

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

misc industrial products
Norman Levine

Managing Director, Portfolio Management Corp

Price: $14.420
Owned: Yes

2013-10-09

DON'T BUY
Corning Inc (GLW-N)

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.

misc industrial products
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $14.010
Owned: No

2013-10-04

DON'T BUY
Corning Inc (GLW-N)

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.

misc industrial products
Gordon Reid

President, GoodReid Investment Counsel

Price: $14.630
Owned: Unknown

2013-09-20

BUY
Corning Inc (GLW-N)

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.

misc industrial products
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds

Price: $14.670
Owned: Yes

2013-09-03

TOP PICK
Corning Inc (GLW-N)

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%.

misc industrial products
Norman Levine

Managing Director, Portfolio Management Corp

Price: $13.920
Owned: Yes

2013-07-17

DON'T BUY
Corning Inc (GLW-N)

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.

misc industrial products
Gordon Reid

President, GoodReid Investment Counsel

Price: $14.820
Owned: No

2013-05-27

WAIT
Corning Inc (GLW-N)

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.

misc industrial products
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $15.660
Owned: Unknown

2013-04-30

BUY
Corning Inc (GLW-N)

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.

misc industrial products
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $14.500
Owned: Yes

2013-04-24

PAST TOP PICK
Corning Inc (GLW-N)

(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.

misc industrial products
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $13.850
Owned: Yes

2013-04-11

DON'T BUY
Corning Inc (GLW-N)

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.

misc industrial products
Gordon Reid

President, GoodReid Investment Counsel

Price: $13.370
Owned: Unknown

2013-04-02

DON'T BUY
Corning Inc (GLW-N)

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.

misc industrial products
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $13.330
Owned: No

2013-03-15

PAST TOP PICK
Corning Inc (GLW-N)

(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.

misc industrial products
Norman Levine

Managing Director, Portfolio Management Corp

Price: $12.920
Owned: Yes

2013-03-13

DON'T BUY
Corning Inc (GLW-N)

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.

misc industrial products
Gordon Reid

President, GoodReid Investment Counsel

Price: $12.640
Owned: Unknown

2013-03-01

TOP PICK
Corning Inc (GLW-N)

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%.

misc industrial products
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds

Price: $12.590
Owned: Yes

2013-02-13

TOP PICK
Corning Inc (GLW-N)

(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.

misc industrial products
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $12.780
Owned: Yes

2012-12-31

BUY
Corning Inc (GLW-N)

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

misc industrial products
Bill Carrigan

Technical Analyst, Getting Technical Info Service

Price: $12.620
Owned: Unknown

2012-12-20

PAST TOP PICK
Corning Inc (GLW-N)

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

misc industrial products
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $12.790
Owned: Yes

2012-12-19

DON'T BUY
Corning Inc (GLW-N)

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? 

misc industrial products
Gordon Reid

President, GoodReid Investment Counsel

Price: $12.770
Owned: Unknown

2012-11-20

PAST TOP PICK
Corning Inc (GLW-N)

(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.

misc industrial products
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $11.180
Owned: Yes

2012-11-13

DON'T BUY
Corning Inc (GLW-N)

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.

misc industrial products
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $11.160
Owned: No

2012-10-18

WAIT
Corning Inc (GLW-N)

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.

misc industrial products
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $13.740
Owned: Unknown

2012-10-05

PAST TOP PICK
Corning Inc (GLW-N)

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

misc industrial products
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $13.300
Owned: Unknown

2012-09-14

PAST TOP PICK
Corning Inc (GLW-N)

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

misc industrial products
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $13.120
Owned: Yes

2012-08-22

DON'T BUY
Corning Inc (GLW-N)

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.

misc industrial products
Gordon Reid

President, GoodReid Investment Counsel

Price: $11.730
Owned: Unknown

2012-08-14

TOP PICK
Corning Inc (GLW-N)

(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.

misc industrial products
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $11.520
Owned: Yes

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