As an early adopter of the flat-screen television craze, I can attest to the wonderful benefits of the device. I love mine, especially when watching movies or my favorite sporting event, hockey (it's so much easier following the puck in HD).

For a while there a few years ago, flat-screen TVs were flying off the shelves. Builders were using them as perks for new home purchases, and restaurants and bars seemed to buy them in bulk.

A main beneficiary of the flat-panel boom was Corning Inc. (NYSE: GLW) -- the largest maker of glass for flat-panel televisions.

In 2002, the stock was unduly pummeled in tandem with the rest of the technology sector. At that time, one could fetch shares for the eye-catching price of a buck a share. Investors were speculating that GLW would ultimately fail as demand for its products crashed.

Flat-panel displays saved the day. The company fixed its balance sheet and shares rocketed higher off its lows. By 2006, shares of GLW peaked above $26 per share. It was a great run, but with the collapse of the housing bubble, the easy money in GLW was made.

Continue reading Can flat screens save Corning again?

Can flat screens save Corning again? originally appeared on BloggingStocks on Wed, 07 Jan 2009 18:00:00 EST. Please see our terms for use of feeds.