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

To: Paul Senior who wrote (38162)	6/3/2010 1:16:41 PM
From: E_K_S	4 Recommendations Read Replies (1) \| Respond to of 78618

Hi Paul - RE:Corning Incorporated Common Sto(NYSE: GLW) FWIW, GLW still a top 20 position in the portfolio for me. I bought my lot in 2002 at an average cost of $5.50/share. I have been following their different business lines and like the progress they have made with their glass diesel filters (selling big in Europe starting 2009 & in U.S. in 2010). This technology utilizes a catalyst within its design that eliminates most of the diesel pollution (NO2 & particulates) emissions. The forward contribution to net profits from this division is really 24 months out as they ramp up production. The new U.S. 2010 EPA diesel emission limits will drive sales as almost all commercial diesel vehicles will retrofit with the GLW technology. Their fiber optic cable division is finally growing again with huge demand from Asia and the U.S. (Verizon & AT&T now wiring fiber to the home). LCD glass has seen it's peak unless there is a big demand in residential 3D TV (uses 4x the amount of LCD glass than 2D). The up and coming "new" technology for GLW is solar thin-film photovoltaic technology ( corning.com ). If they are as successful as DuPont (DuPont solar sales to grow 50% this year - company has set a new goal to exceed US$2bn in sales by 2014 : renewableenergyfocus.com ), GLW could easily grow their revenues at double digit rates. The forward PE at 8 is really a value given the future prospects of their different technologies in the pipeline. I have peeled off shares in April 2010 in both the IRA and taxable account at $20.50/share selling about 10% of my position. My long term expectations for the stock is $29.00/share - $30.00/share and I plan on peeling off more shares as we approach this number. This company is a good technology innovator for the price. If anybody needs to add a technology company selling at a real value price (8 PE) this is a good one to consider. They even pay a dividend (about 1.2%) while you wait. EKS