Sunday, August 11, 2013

CHANGE OF PLANS, BUYING A STAKE IN CORNING GLASS

I made a change of plans for purchasing the final stocks to round out my investment portfolio.  I've decided to buy in to Corning Glass (GLW).  Their current price of just over $15 per share and a dividend yield of 2.64% make them an O.K. purchase for the long term.  However, the reason I'm buying in now is that I suspect their new Willow flexible glass is going to be a big hit, much like Gorilla glass was before it.  If that is the case, I'd expect earnings to increase dramatically in the next few years.  This will be one of my long term core holdings.

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