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.
- Despite near-term risks, Corning's long-term growth potential remains optimistic.
Investment Thesis
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For further details see:
Corning: A Growth Story With Reasonable Valuation