GLW - Corning: Great Time To Seize This Hidden AI Opportunity

2024-02-13 08:30:00 ET

Summary

• Corning presents a great total return opportunity at its current discounted price.
• GLW's operating fundamentals have been affected by growth headwinds in its optical communications segment due to excess inventory.
• However, optical fiber demand is expected to normalize and GLW has underappreciated growth catalysts through the BEAD program and buildout of AI networks requiring hyperscale technology.

I don't know about you, but I get more excited by market declines than market rallies, especially when it comes to favorite dividend stocks that I want to gain exposure to. That's because accumulating moat-worthy companies when their valuations are temporarily out of sync with long-term value creates the best opportunities....

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