Is Corning (GLW) a ‘clean diesel’ stock play?
Posted By RichC on February 22, 2007
Although Corning Incorporated provides display technologies and telecommunications glass substrates for liquid crystal displays and fiber optics, they are also a 30 year player in ceramic emission products too. If diesel use grows in the US as some believe, Corning stands to gain the lion share of the new pollution control filter market. Currently their stock is trading around $22 a share, midrange in its 52 week chart. (not necessarily a positive omen considering the market has been on a solid run???) I doubt that GLW is going to be a ‘flash in the pan’ overnight stock double, but it might be a comfortable stock to sock away in your retirement portfolio … if you are confident in the future of diesel? Check out the CNBC clip below pointing out this possible long term investment opportunity.
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