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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (23368)	2/15/2006 4:17:09 PM
From: Paul Senior	Respond to of 78644

GLW. No, not for me. I'll assume I've missed the boat on that one. Congrats on sticking with it and averaging down very successfully. From what you post, GLW looks very good and attractive. I'm not willing to pay 6x book and 8x sales for 12% roe. Although profit margins are attractive to me, they've fluctuated all over the past few years, and to me, as you suggest about good business going forward, the bet would be these profit margins continue at good levels (which WOULD make the stock a buy currently). I'm not willing to make the bet.

To: E_K_S who wrote (23368)	2/6/2007 10:09:48 PM
From: E_K_S	Read Replies (1) \| Respond to of 78644

Perhaps GLW is still undervalued? February 05, 2007 24/7 Wall St. 2007 Break-Up Values: Corning $35 (Current Price $21) 247wallst.com From the article:"...The one drag on Corning’s stock - and the best explanation for the low current valuation outside of LCD cyclicality - is the 25m shares that are essentially in escrow as an asbestos settlement from 2003. The shares will be given away in 2009 and whatever market value they have at that point will be a current liability to the company. For the sake of extreme conservatism, we’re going to shoot for the moon and value the GLW shares at $2b, which amounts to $80/share in three years. That should take care of the most pessimistic investors’ qualms, and clearing that trash out of the way, the total breakup value for Corning comes to an impressive $35/share – with any profitability in the environmental and life sciences groups being a great kicker to boot...." EKS