It's probably cliché now to talk about how former high-flying tech stocks like Alcatel-Lucent (ALU), Ciena (CIEN), and Corning (GLW)
now trade at fractions of their former highs. Corning has never fallen
out of the groove in terms of technology or R&D, but instead found
itself in situations where high capex investments, industry
overcapacity, and price erosion crushed its ability to sustainably earn
its cost of capital.
Although Corning is not out of the woods yet,
it's more diverse now than it has been in a very long time, and the
company may finally be in position to see some positive economic
leverage.
Continue reading here:
Corning May Be Chipped And Scratched, But It Can Be Polished
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