Dow Corning: Stuck In A Trade Zone Most Of 2012
By John Mylant: Stephen Simpson recently wrote a good article on Corning (GLW), giving a nice general evaluation of the company (not 'valuation' but evaluation). At the end in his article he stated:
"I'm well aware of the risk that I'm getting sucked into a value trap here, and that Corning may very well just continue stumbling along with inconsistent and unspectacular cash flow."
I believed he summed up what many investors think about the company's recent (18 month) journey with struggling markets and over supplied product. The company will continue to struggle through its present trade zone but has a good opportunity to break through toward the end of the year.I have read that Corning's 1Q report was a pleasant surprise, but I do not see that. The company recorded sales of $1.52 billion and net income $70.5 million, 61 percent lower than last year's first quarter. Both sales and netComplete Story »
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