3 Reasons to Buy Corning
Jan 9th 2013 5:15PM
Updated May 31st 2013 5:08PM
In the video below, Fool analyst Austin Smith discusses the bull case for Corning .
At the top of his list of reasons to consider investing in Corning is its ability to create thinner and larger glass panels, which should support demand for larger TVs and computer monitors. Although flat-screen TV sales may have slowed, Corning could benefit from what Austin calls the "device arms race," with consumers wanting to own multiple devices like smartphones, tablets, and TVs.
A second big reason to consider Corning is valuation. The company is trading at historically cheap levels, at less than one-third its price-to-book from 2008, and half of its historical price-to-earnings ratio.
The third reason is Gorilla Glass, popular in smartphones. Countless manufacturers are now using this product, including Apple , Samsung, and Nokia .
Gorilla Glass is so strong and scratch-resistant, it is even hurting the makers of screen protectors, like ZAGG .
The article 3 Reasons to Buy Corning originally appeared on Fool.com.Austin Smith owns shares of Apple, Google, and Corning. The Motley Fool recommends Apple, Corning, and Google. The Motley Fool owns shares of Apple, Corning, and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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