Why Corning Is Still a Great Investment

Before you go, we thought you'd like these...
Before you go close icon

Corning shares have been destroyed lately as sales of LCD displays have waned, but the company recently raised its fourth quarter outlook for LCD displays and specialty glass, a welcome change of pace for shareholders.

Even after the positive news was digested, Corning still trades for less than 10 times earnings and is sitting on $5.8 billion in cash. Given its history of innovation, Fool.com analyst Austin Smith believes the company will be able to effectively deploy this capital and unlock more valuable applications for its innovative products (like Gorilla Glass).

Don't jump in with both feed just yet, though. Our top equity analyst on Corning, Brenton Flynn, has just written a brand-new premium research report on Corning, and it's a must-read for anyone looking at initiating a position today. Click here to claim your copy, and receive a full year of updates as key events unfold.


The article Why Corning Is Still a Great Investment originally appeared on Fool.com.

Austin Smith owns shares of Apple and Corning. The Motley Fool owns shares of Apple, Corning, and Universal Display. Motley Fool newsletter services recommend Apple, Corning, and Universal Display . Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners