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Strategies & Market Trends : Value Investing
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To: Jack O B who wrote (48600)7/6/2012 10:29:55 AM
From: Spekulatius  Read Replies (2) of 78672
 
re GLW - this stock has been discussed quite a bit in this thread. Jurgis and potentially others own it. they do have a good balance sheet and they are cheap on metrics P/B.

They made for many years a lot of money in display glass, which goes mostly into LCD manufacturing., they were the biggest producers. In this business, the margins have collapsed, some LCD companies (LG) decided to become integrated and produce their own glass and overall the end user demand is crummy (3D LCD faltered).

My guess is that the good profits in this market are gone for good and they need to find a new big product (like glass fibers in the late nineties, LCD glass in 2003 etc.) to get their margins back.
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