Why Superinvestors Love Corning
Jan 9th 2013 5:45PM
Updated May 31st 2013 5:30PM
In the video below, Fool analyst Austin Smith discusses why some of the world's most savvy investors like Corning .
The Fool's own superinvestor, David Gardner, has recommended Corning in the past, and there still are compelling reasons to be bullish on the company. Corning is a long-tenured company with a history of innovation. While it has endured some weakness recently, Corning has a strong balance sheet, with $5.8 billion in cash, to carry the company through, Austin says.
With its joint agreement with Samsung, Corning effectively controls the market with its glass displays, as well as having a great "in" with a rapidly growing electronics manufacturer.
Given Corning's super-strong and scratch-resistant Gorilla Glass, the company is also perfectly positioned to ride the mobile and tablet waves. These are fast-growing areas, with still a lot of room to run. To top it off, Corning is trading cheap, at about a third of its historical price-to-book ratio, and it pays a nice dividend.
The article Why Superinvestors Love 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, Google, and Microsoft. 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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