Why I Own Corning

Updated

The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin talks about one of his favorite holdings, Corning. The company is dirt cheap today, trading for less than seven times cash flow. Not only that , but it trades for book value, and has a forward P/E of nine (the video mistakenly reports a forward P/E of seven). This may make it seem like a boring no-growth value play, but Corning has growth, too! Its display technology division controls more than 50% of the glass panel market. While it may not have had the success in TVs that it had hoped, Corning is still positioned to grow with the mobile device boom, which is showing no signs of slowing down. Bake in its great existing supplier relationship, and you've got a great company for the next few years at least.

One of those valuable supplier relationships is with Apple. That's been a big win for the company, and it isn't the only one. You can read about "3 Hidden Winners of the iPhone, iPad, and Android Revolution" in our special free report. It's yours, totally free, today. Click here to learn more.

At the time thisarticle was published Austin Smith owns shares of Corning. The Motley Fool owns shares of Apple and Corning.Motley Fool newsletter services recommendApple, Corning, and 3M. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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