Today just after close at 4:01 pm I picked up another 1/4 of my target in GLW bringing my total holding of the stock to 3/4 of target.
GLW has seen its stock drop 15% since last quarters earnings and sales BEAT. With a a PE of 7.73, Corning (GLW: NYSE) trades at a discount to valuation and to its peers.
More importantly, I believe like the CEO belives, that this is the most exciting time in the history of Corning, Inc.
Top exciting growth products:
1. Display Technologies -Corning® Gorilla® Glass Selected for Sony’s BRAVIA® Line of LCD TVs
2. Optical Fiber & Cable – UL® Verifies Corning® ClearCurve® Multimode OM3 and OM4 Fibers Meet or Exceed Bandwidth Standards
3. Life Sciences – Corning Introduces New Line of Reusable Plastic Laboratory Products
GLW is valued at a discount with a PEG value of PEG value of 0.6506, earnings report is tomorrow. I’m adding ahead of the earnings reports with the thought that GLW will beat estimates and guides up.