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Corning (GLW): Profits on display |
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| Jun 03, 2008 02:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Corning Inc (GLW), Stocks to Buy
Corning Inc. (NYSE: GLW), once a reliable but slow-growth kitchenware and cookware company, today represents one of the signature corporate transformation stories of the digital age. Corning is one of the leading providers of fiber-optic cable, which the company invented more than 30 years ago. Further, its substrates business did not draw Wall Street's attention until technological advances enabled the price-competitive production of flat panel displays in flat panel televisions, desktop monitors and notebook computers. Continue reading Corning (GLW): Profits on display Permalink | Email this | Comments<map name="google_ad_map_145-1213248"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1213248?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map> 
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Readers of this space know that my investment bias is toward large-cap companies with demonstrated business models and which have a competitive advantage in established markets, preferably with a favorable global trend as a support. In general, turnaround and business model change plays are avoided, but there are exceptions to the rule, and one is Corning. Add Comment
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Powered by Minyanville: Durable Goods June 25, 2008- The Commerce Department said this morning durable goods order came in unchanged for the month of May inline with estimates. Less transportation, orders fell -0.9% vs. expectations of -1.0%. April orders were revised downward to show a -1.0% drop, larger than previously estimated. According to Bloomberg, metals, automobiles, and machinery saw decreases in demand but those declines were offset by gains in computers, appliances, aircraft and defense equipment. Durables are expensive goods made to last at least three years From the Bull Pen Bulls might consider an upside play in Corning (GLW), as it approaches $24 which is the 50% retracement level from its May high. Sell-stops can be set below.
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