Investopedia: Corning's Always-Frustating Mix Of Opportunity And Risk

I will always have a soft spot for companies like Corning (NYSE:GLW). I'm a science geek at heart, and what Corning has accomplished time and time again in materials science is impressive to say the very least. But then there's the other side of the equation – brutal competition and capital spending cycles that create boom/bust cash flows and returns on capital. Although I do see some risks to the handset and TV markets, and the free cash flow model doesn't scream “cheap”, I wouldn't bet against this stock for the long term.

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Seeking Alpha: Corning May Be Chipped And Scratched, But It Can Be Polished

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.

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Corning May Be Chipped And Scratched, But It Can Be Polished