Corning is a picks and shovels business for the 5G trend, the autonomous driving trend with more screens in the car where you don't focus on driving any more but on entertaining and also on other glass uses like vaccines.
It is also a fundamentally sound business that has survived many crises. it is however a cyclical business with high capital investments needed to always stay at the forefront of technology with high initial margins that decline fast as the competition ramps up.
Nevertheless a stock to watch and perhaps nail the upturn when the huge buybacks will be reinstated. The company returned $20 billion to shareholders in the past where the current market cap is $19 billion. I will be following and covering the company in the future and then compare to other investing opportunities out there. Perhaps you wish to follow it too and I hope you like the analysis.
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