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Stockchase Opinions

Lorne SteinbergCorning IncGLWBUYJun 02, 2020

It's cyclical. They make glass for the environmental sector as well as for iPhones. A great free cash flow generator and solid dividend grower. He sees a lot of upside from here.
$23.58

Stock price when the opinion was issued

$202.05

As of Jun 22, 2026. Market Open.

misc industrial products
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BUY ON WEAKNESS

Best of companies in sector. Lots of business models and joint ventures. Not a good business in recession (consumer spending). Likes company, but wait to buy (not cheap, but not expensive). Wait to buy. 

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick May 12/22, Down 17%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with GLW has triggered its stop at $29.  To remain disciplined, we recommend covering the position at this time.  

DON'T BUY

Lots of exciting areas, but a 21-22x PE, which is too rich in a very cyclical business.

DON'T BUY
Too expensive for what you're getting, over 20x earnings. Whole space has stalled. Within the company, any promise would be in opticals such as 5G, automotive displays.
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Curated by Michael O'Reilly since 2020.
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PAST TOP PICK
(A Top Pick May 12/22, Down 2.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GLW is progressing well. To remain disciplined, we recommend trailing up the stop (from $27) to $29 at this time.
PAST TOP PICK
(A Top Pick Jun 28/21, Down 19%) Sold it last fall for $36. They're a cyclical stock, suffering supply chain shortages. Sales are down. But a great company. Make fibre-optic company. Looking to re-enter this after the supply chain rectifies.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly GLW is the maker of Gorilla Glass, vaccine vials, and glass products used in LED display and fiber optics. It operates in 15 countries. Recent earnings seem to demonstrate the continued ability to pass along rising costs to its customers, making it a good inflation hedge. And with next years earnings expected to be stronger, it supports a 13x earnings valuation, compared to peers at 28x. The dividend has been growing for 13 consecutive years and is expected to be a payout ratio of <45%, based on next year's earning outlook. The company has been using some cash reserves to buy back stock and retire debt, but there is plenty still left in the tank. We recommend a stop loss at $27, looking to achieve $46 -- upside potential over 30%. Yield 3.0% (Analysts’ price target is $46.10)
HOLD
Longer term, room for growth. A company with low earnings predictability. During times of angst, market is not as confident in it, so it trades off. Valuation of 14.5x earnings. Glass for technology and fibre optics. Decent hold, expect volatility.
TOP PICK
They make gorilla glass for the iPhone and flat screen TVs. 5G will cause their fibre business to grow. Hey have huge free cash flow, more than a reasonable valuation, and double digit growth with a growing dividend. (Analysts’ price target is $48.38)
PAST TOP PICK
(A Top Pick Apr 20/20, Up 131%) The drawdown when the market pulled back was much further than it has historically been. A good business. Should look at it when the dividend is around 3%. It is a mission critical product for glass, tvs, etc. He no longer holds it.
BUY
A solid industrials company. They've been up and down for a long while, but now have gotten their act together.
BUY
It's performed reasonably well. He expects good growth in years to come in healthcare and iPhone-related (they make the glass) businesses.
DON'T BUY
They don't create enough profit. Won't benefit from the vaccine rush.
PAST TOP PICK
(A Top Pick Sep 06/19, Up 12%) Likes it and its 5G exposure. Sold because it didn't hold up well during the March 23 selloff, and likely wouldn't do so again. Fairly valued at these levels. If it got into the $15-20 range, he'd be a buyer again.