Corning Inc: A Play With Potential That Is Trading Below Book
By Sol Palha:Corning (GLW) recently unveiled a new flexible Glass, called "Willow Glass". It is extremely thin, versatile and rather durable in nature. It can be made as thin as 0.05 mm, which is significantly thinner than the current 0.2mm display glass. It has the potential to completely revolutionize the smart phone, TV, Laptop and tablet industry due to its thinness, durability and extreme flexibility. It could even replace gorilla glass, which is used on many of the above stated devices. Due to its nature, it could be incorporated in a host of products that have yet to be invented. For example, roll up tablet computers and it may perhaps also be of use to the solar industry. If Willow Glass is embraced widely, it could provide a significant boost to the company's bottom line. Reasons to be bullish on Corning Inc.
- A low payout ratio of 16%
- An excellent retention ratio