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GLW - Corning: A Growth Story With Reasonable Valuation
Corning Incorporated
2024-01-30 18:26:18 ET
Summary
Corning had three segments experienced double digit YoY decline in sales, however, the comparison is based on the best year on record in 2022.
Going through every point the management set out to achieve in 2023 in order to cushion the expected downturn, we found it has hit each point and more.
The cushion from executing according to a framework provided a consistency for stock valuation, help limit downside risks to the stock.