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fiber optic cable posts

General Cable Corp.: Pull-back is buy opportunity

Posted Nov 17th 2009 5:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

Based on its decent Q3 performance and the 2010 outlook for the U.S./global economies, I'm reiterating my buy rating for General Cable Corporation (BGC), first recommended on May 5, 2009, at a price of $34.59.

General Cable, which develops, designs, manufactures, and distributes copper, aluminum, and fiber optic wire and cable products for the communications, energy and electrical markets, reported Q3 EPS of 55 cents, above the First Call Q3 EPS estimate of 53 cents. However, General Cable gave up yearly gains because it announced a Q4 production cut -- one that will likely weigh on Q4 earnings.

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Corning (GLW): Turnaround extraordinaire

Posted Dec 19th 2007 2:55PM by Joseph Lazzaro (RSS feed)
Filed under: Corning Inc (GLW), Stocks to Buy

Corning Inc. (NYSE: GLW), once a reliable but slow-growth kitchenware company, today represents one of the signature corporate transformation stories of the digital age.

Corning is one of the leading providers of fiber-optic cable, which, by the way, the company invented more than 30 years ago. Further, its substrates business did not draw Wall Street's attention until technological advances enabled the price-competitive production of flat panel displays in flat panel televisions, desktop monitors and notebook computers.

Display technology currently accounts for about 43% of revenue, with analysts projecting solid revenue increases in the immediate years ahead. Or, in other words, as Samsung, Sharp and Sony (NYSE: SNE) go, so goes Corning, for the most part. Analysts also see impressive revenue gains for the company's fiber-optic businesses, and its solid balance sheet and good cash flow add to GLW's strong operational characteristics.

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