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There are a LOT of quality companies now with ridiculously low PEs but excellent fundamentals. I've done several screens and Corning, Inc (GLW) repeatedly has come up as a bargain.

With a current price of $9.00, GLW is within 22% of it's low at $7.36. It's got a reasonable Beta at 1.74 and earnings of $3.59 per share which equates to a P/E of only 2.51. It's a CAPS 5-Start and the CapShot ranks is 8. GLW has somewhere around $3B in cash on hand and reasonable long-term debt. Sales and profitability both appear to be growing.

What am I missing? Why is GLW so unloved? It seems to me to be a screaming buy outright and it could also be a decent coverered call candidate.

Thanks for any insight!

Ken (no position in GLW)
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