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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (45700)	11/29/2011 3:21:20 PM
From: Spekulatius	Read Replies (2) of 78550

re GLW, I bought a first chunk at a little bit above 13$. I buy more if it hits 12$. I found the optimism that GLW management showed a few weeks more surprising than the weak forecast that they issued today. It does not take a lot of street smarts to determine that the LCD sector is week, just look at LPL, AUO and Nippon Electroglass numbers which were all weak. That said, I think this is going to turn as well, the sector is know for wild swings in the supply chain and this is true on the way up just as well as on the way down. As for suppliers not honoring the contract - for get about legal remedies. The biggest customers are AUO and LPL and if any of these is not honoring contracts, a solution out of court has to be found since the interdependency is just to great (there only two or three major display glass suppliers and maybe 3 major LCD panel customers). GLW biggest customers is actually Samsung, which runs a joint venture with GLW to produce the glass for them. if that is the customer not honoring the contract, good luck suing too.

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