Corning is a stock that I have owned since 2002 (I think). I first purchased in an IRA @ around $7.20 per share. You might look at the current price and say, good price. Well, it went from $7 to $1 just after I purchased. Needless to say, it didn’t feel like a good buy. However, I stayed with it. I am the type who hates to miss the gain, so I didn’t sell. When it turned a bit from the $1/share price I bought a few more shares at $2.10. At that point it was still a gamble. Bankruptcy was a definite possibility. But I took a flyer on 500 shares.

As it turns out, the reasons for buying back then are still the reasons that I would recommend a buy of Corning (GLW) today. In fact, a bit of news that came out yesterday is an additional growth vehicle for Corning.

http://news.google.com/news?pz=1&ned=us&hl=en&ncl=1334341022&cf=all&scoring=n

Consider Corning as three primary product divisions along with development in new technology and markets.

1. Fiber – Used in telecom. Do you see bandwidth demands abating?
2. Flat Panels – Glass used in LCD’s and Plasma’s.
3. Filters – filters utilizing materials developed by Corning.

Number 3 on the list is the key here. This is a division/product that has been around for a while and Corning has been a leader in this space.  They make filters that are used in vehicles and factories.   A democratic administration, with their environmental leanings, is good for Corning.  People concerned with the environment want cleaner emissions.  Not just vehicle emissions, but factory emissions.  In fact, factories are the real growth story here.  Clean coal, anyone?  The Obama administration appears ready to support the EPA to a greater degree than has been seen for the past 8 years under the Bush Administration.

The need for better filtration from factory emissions combined with the EPA’s support from the Obama administration make this a winner for Corning.

Learn more about the environmental products currently on the market and in development at Corning:
http://corning.com/environmentaltechnologies/index.aspx

Corning has a solid cash position ($2.8 billion).

• Solid cash position
• Dividend yield. Small but a nice bonus when combined with the growth potential (currently 1.2%)
• Growth potential
• A leader in their market segments

At $15.27 Corning is about 45% off of their 52 week high of $28.07.  There is upside potential here.  Consider this as a solid long term growth play.

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