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Corning makes specialty glass and ceramics that are used in everything from flat-screen TVs to optical fiber to biosensors for drug research.
A relatively cheap dividend stock with a trailing P/E of 12.3, in an innovative and long standing company, in a not so innovative industry.They produce an innovative kind of tough glass for smartphones, flexible fiber cables, glass for TV's, ceramics and much more. They have positioned themself as a brand in a lot of consumers mind with the Gorilla Glass, a uniquely durable kind of glass.They have developed a fiber that is suitable for installing the last stretch to the consumer, tolerating more bending than other fibers.Their unique and innovative products, targeted at a sort of niche in the tech industry, will probably secure them some nice margins and not too tough competition. They are experiencing some growth and might continue growing with the growth in smartphones, tablets and fiber to the home.Besides being relatively cheap, they also pay a decent dividend of 2.8% at a reasonable payout ratio (28%). And they have loads of cash to weather harsh times.So I think this is a pretty safe bet, with a nice potential.
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