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

To: E_K_S who wrote (43590)	7/28/2011 1:08:32 AM
From: Spekulatius	Respond to of 78774

re Corning - the LCD display glass was always a commodity business, but it is a good one, since there are only a few established players - Corning with a 70% market share, there is Schott, and Nippon Electroglass. It is the profitable part of the LCD display business, just like the aircraft builders are the profitable part of the aircraft industry (relative to airlines; I know the analogy lacks a bit). Besides that, Corning is a company that always has been coming up with new uses and technologies around glass (I know that because I work with glass a lot in my job), the diesel technology you mentioned, catalysators were one that came up in the 80's and the Gorilla glass is another, glass fibers etc etc. As such, I believe it is a fairly well run company that is somewhat underappreciated. I plan on building my position if the shares go below 15$.