Monday, September 13, 2010
The Sand King
Glass has been around since the beginning of civilization. And no one knows the business better than Corning (NSYE: GLW). At their current price they are an extreme value relative to their earnings. Corning controls the market for high strength glasses, which demand for will only grow as people purchase evolving technologies like smart phones and televisions. Past generations would buy one television, a cumbersome box with a little screen. New televisions have one thing in common, the screen gets bigger and bigger, which means more glass. With the average American household having 3 televisions and people replacing their 'tubes' more often for the hottest new technology, Corning only stands to gain ground. Buy them and watch as the worlds beaches become your new iPad screen.
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