Today we have one of the more interesting companies that you probably never heard of: Corning. They have a P/E of 234 (20 forward) which is pretty horrendous (decent forward). Dividend yield is 2.66% with a payout ratio of 600% which is pretty horrendous, but with a P/E of 20 they could easily pay this dividend. Revenue is up to $11.5 Billion while earnings are down to $960 Million. The balance sheet looks pretty nice with $12.9 Billion in total stockholder's equity.
For a growth investor there's obviously not enough growth here.
For a dividend investor this stock looks very interesting and the 2.66% dividend is certainly not terrible.
For a value investor the forward P/E seems decent enough, the balance sheet looks nice and the dividend is a nice bonus.
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- Financial Education 101
Corning Stock Analysis (GLW)
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