GLW - Corning: The Rally Is Just Getting Started
2024-06-03 07:30:00 ET
Summary
- Corning has been undervalued due to temporary headwinds and is climbing out of its trough.
- GLW is seeing increasing profitability and management is guiding for revenue growth over both the near and medium term.
- Growth catalysts include increased spending by telcos, EPA-driven demand for environmental technologies, and AI datacenter demand.
It pays to buy into quality companies that have been misunderstood by the market due to temporary headwinds. This gives smart value investors the opportunity to layer into these stocks before the market catches onto a rebound....
Corning: The Rally Is Just Getting Started