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Corning: Glass Tech, Since 1851
04/14/2014 7:00 am EST
Every schoolchild knows that Thomas Edison invented the light bulb; but it was through the glass made by our latest featured stock that the first light bulbs became affordable for most people, explains Russ Kaplan, editor of Heartland Advisor.
One of the longest surviving corporations is Corning (GLW), beginning in 1851 by Anthony Houghton Sr. Over this long period of time, Corning has put a premium on research and development, investing 9.3% of their sales revenues into this area.
Today, Corning is still in the lead in the area of glass and electrical equipment. Their advances in glass technology are now used for consumer electronics, flat screen televisions, computer monitors, laptops, and many more products that help the environment, telecommunications, and the life sciences.
What I think will result in even more significantly improved products is a joint venture with Samsung (SSNLF).
In October of 2013, Samsung and Corning decided to partner in creating more advances in specialty glass in the telecommunications arena.
One can only imagine what kind of new or improved products we shall see from this development.
Corning's potential is only starting to be recognized based on our analysis, it is a strong company and undervalued according to so many of my financial measures.
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