Monday, September 15, 2008

Despite Earnings Warning, Corning Retains Strong Balance Sheet & Market Position

There are many times, particularly in bear markets like this one, when I look at a company and am quite baffled as to how investors can let a stock drift so low. Then I remind myself that Wall Street is short-term oriented and only cares about today, this week, and maybe this month. What the reality will be a year or two from now is ignored, which creates the very investment opportunities that long term, value-oriented investors like myself focus on.I have been a long time investor in Corning (GLW), a leading provider of glass for LCD displays as well as fiber optic cable for the t[...]

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[Source: The Money Blogs]

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