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$8.04 0.22 (2.81%)
11/21/2008 4:00 PM

Corning, Inc. (GLW)

CAPS Rating:
*****

A global, technology-based corporation which operates in four reportable business segments: Display Technologies, Telecommunications, Environmental Technologies and Life Sciences.

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What the Community Thinks

Total Members

2927 Outperforms
80 Underperforms
 

All-Stars

441 Outperforms
21 Underperforms
 

Wall Street

14 Outperforms
2 Underperforms
 

Members bullish on GLW are also bullish on:

Members bearish on GLW are also bearish on:

Ticker Tags

Large Cap (279), Synthetic Fuels (9), New York (29), S&P 500 (469), Communications Equipment (149)
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Corning, Inc. At A Glance

Current Price: $8.04
Last Trade Time: 11/21/2008 4:00 PM
Open: $8.23
Previous Close: $7.82
Daily Range: $7.36 - $8.23
52-Week Range: $7.37 - $28.07
Volume: 26,979,080
Market Cap: $12.15B
P/E Ratio: 2.14
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Stock Trends

GLW VS S&P 500 (SPY)

News & Discussion Boards

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Top Bull Pitch

Recs

20

Corning, Inc. (GLW)

Avatar SecretAgentMan00 (< 20) Submitted: 3/13/08 10:35 AM

GLW currently supplies 60% of precision glass for global market.

Supplies to Sony, Samsung, and Sharp.

Technology will begin to shift from LCD to OLED displays within the next 5 years, GLW already has developed the technology for this transition ahead of most panel makers and i...More

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Top Bear Pitch

Recs

4

Corning, Inc. (GLW)

Avatar zudnic (97.36) Submitted: 11/16/07 5:44 PM

We are entering a severe recession and credit tight environment. Over the next year or so this will become a bargain. Real estate is seeing numbers not seen since the great depression. When the stock market corrects, as the recession becomes feared. Pick this one up next year as part of your crash p...More

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CAPS Members

picks per page. CHANGE

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Recs

0

 (GLW)

Avatar srk85 (92.24) Submitted: 11/20/08 4:45 PM : Outperform Start Price: $8.02 GLW Score: 1.92

Way oversold. Decreases in earnings are more than priced in.

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Recs

0

 (GLW)

Avatar ETFinnovators (88.44) Submitted: 11/20/08 6:30 AM : Outperform Start Price: $8.00 GLW Score: 5.86

Former Wall Street Favorites Sink to Single Digits
The following includes a growing list of companies whose stock are trading in single digits despite a market cap exceeding $5B as investors no longer need to venture into the minefield of micro-cap stocks for tremendous volatility and trading opportunities. It is not meant to be a complete list, but represents well-known companies across a variety of sectors which offer the potential for high returns once the current market pessimism passes and economic growth returns.

The best approach for investing or trading in these stocks is to select a basket of at least five of the companies to balance the inherent risks of the current bear market with the potential for reward in the form of major upside on sharp market rallies or through long-term recoveries. The stock prices, 10-year returns, market caps, and dividend yields are listed for each company.

S&P 500 SPDR ETF (SPY) -28% (10-year return)

Citigroup (C) $6.40, -70%, $35B, 7.7%
Taiwan Semiconductor (TSM) $6.13, -58%, $31B, 6.1%
Time Warner (TWX) $8.14, -53%, $29B, 3%
EMC Corp (EMC) $9.80, -41.5%, $20B, 0%
News Corp (NWS) $6.55, -51%, $16.5B, 1.8%
Corning (GLW) $8.43, -37%, $13B, 2.4%
Yahoo! (YHOO) $9.14, -56.5%, $12.7B, 0%
Applied Materials (AMAT) $8.42, -12%, $11.3B, 2.5%
Boston Scientific (BSX) $6.55, -45%, $9.8B, 0%
Motorola (MOT) $3.44, -81%, $7.8B, 5.1%
Alcoa (AA) $8.16, -59%, $6.5B, 7.2%
Southwest Airlines (LUV) $8.67, -9%, $6.4B, 0.2%
Sara Lee (SLE) $8.82, -71%, $6.2B, 4.7%

Citigroup has lost over two-thirds of its market value over the past 10 years and is down about 33% in just the last five days, trading at a market cap of $35B – despite a $25B equity stake by the U.S. government as part of the $700B rescue package and below the $41B market cap of U.S. Bancorp (USB).

The departure of Jerry Yang as CEO of Yahoo! resulted in a short-lived bounce earlier this week which ended abruptly yesterday as Microsoft (MSFT) CEO Steve Ballmer reiterated that buyout talks are finished, but a deal for web search is still possible. This morning, Bloomberg is reporting that talks continue between Yahoo! and Time Warner (TWX) for the latter to sell its AOL stake. Such a deal may be valued at around $6B and would boost Yahoo's display advertising business and add subscribers through email and IM. Yahoo! has seen its market cap dwindle to below $13B since rejecting Microsoft's bid of $47.5B earlier this year.

The list also features some high-yielding tech stocks such as Motorola and Taiwan Semi, with dividend yields of 5.1% and 6.1%, respectively, which are largely the result of share price declines to single digits. Traditional safe have sectors also make the list with consumer staple products maker Sara Lee and medical devices and stent maker Boston Scientific.

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Recs

0

 (GLW)

Avatar kayakingkarl (46.10) Submitted: 11/19/08 11:52 PM : Outperform Start Price: $8.00 GLW Score: 5.86

One of several underpriced stocks. Snap it up while the price is right.

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Recs

0

 (GLW)

Avatar Alwayzwrong (98.02) Submitted: 11/19/08 11:24 PM : Outperform Start Price: $17.00 GLW Score: -12.49

I dumped this stock at $11, because I was upset with management regarding their forward-looking statements. They seemed to be ahead of the curve a few months ago, but they continue to reiterate what they plan to do to cope with the meltdown in LCD sales. HIMX warned early (although after GLW's warning), and took steps to stem the bleeding. GLW did not. Thus, when HIMX reported earnings, they we better than expected. GLW's was not.

That said, demand will recover, and I like the company at this valuation. Long term, the company is solid and will certainly be able to manage this economic downturn. Even well-managed companies make mistakes. Looking at their market cap, they sure have paid for them.

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Recs

1

 (GLW)

Avatar Philberty2g (72.73) Submitted: 11/19/08 1:26 PM : Outperform Start Price: $8.56 GLW Score: 2.47

I would call this a great recession bargain. LCD TV's are only going to get better and Corning has leading-edge technologies in the sector. They are such a diversified company, holding investment in automotive, electronics, health care, household and cleaning products, personal care, plastics, and textiles. The only downside of this stock is their Execs are paid TOO WELL. It would be nice to see that lower during the recession.

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Wall Street

Results 1 - 16 of 16  

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Top
Pick
Member NameMember RatingStart
Date
CallTime FrameStart
Price
Stock
Gain
S&P
Gain
ScorePitch
TrackDavenport 49.18 11/19/08 Underperform NS $8.05-0.12%-11.73%-11.60
TrackNeedham < 20 07/31/08 Outperform NS $20.24-60.28%-40.48%-19.80
TrackJimCramer 85.65 06/30/08 Underperform 3W $22.87-64.84%-40.61%+24.23
TrackHillman 72.20 06/02/08 Outperform 1Y $27.08-70.30%-45.77%-24.54 Toggle the visibility of 60-Second Pitch and replies
TrackSoros < 20 03/31/08 Outperform NS $23.81-66.23%-42.54%-23.69 Toggle the visibility of 60-Second Pitch and replies
TrackJefferies < 20 01/04/08 Outperform NS $22.64-64.49%-47.09%-17.39
TrackWIG 94.24 10/02/07 Outperform 1Y $24.70-67.45%-50.95%-16.50
TrackDodgeCox 94.99 09/30/07 Outperform NS $24.31-66.93%-50.30%-16.63 Toggle the visibility of 60-Second Pitch and replies
TrackMuhlenkamp < 20 09/30/07 Outperform NS $24.31-66.93%-50.30%-16.63 Toggle the visibility of 60-Second Pitch and replies
TrackVanDenBerg 87.33 09/30/07 Outperform NS $24.31-66.93%-50.30%-16.63 Toggle the visibility of 60-Second Pitch and replies
Track2007Wired40 90.38 03/27/07 Outperform 1Y $22.71-64.60%-46.92%-17.68
TrackCitigroup < 20 01/25/07 Outperform NS $20.96-61.64%-47.28%-14.37
TrackBarronsRoun 79.76 01/22/07 Outperform 1Y $18.74-57.09%-46.74%-10.35 Toggle the visibility of 60-Second Pitch and replies
TrackCreditSuiss < 20 01/12/07 Outperform NS $19.17-58.06%-46.64%-11.42
TrackMaximGroup < 20 10/10/06 Outperform NS $24.21-66.79%-43.87%-22.92
TrackJimJubak 75.49 07/28/06 Outperform 1Y $18.83-57.29%-41.03%-16.27

Results 1 - 16 of 16  

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