Epiphany Investing

Searching Out the Optimal Portfolio of “Revelation” Stocks

Trades for Secular Trends Portfolio - Upping Corning Stake, Adding Beckman Coulter (GLW, BEC)

This post is chiefly for timestamping purposes; I’ll be attaching my notes and thesis statement for Beckman Coulter later in the day. As to Corning, this has been a small weighting in the model thus far, and I’m taking it up to 4.5% with the addition of 900 shares.
See my earlier commentary on the company’s [...]

Corning Drops 2009 Guidance; How Low Can This Go? (GLW)

When glass guru Corning (GLW) reported earnings on October 29th, I noted my trepidation on the lowered sales outlook and the overall health of the global consumer. I also took a hard look at the balance sheet, and noted that:
Pick your metric…A P/E of about 4x current earnings, $19B in assets with a miniscule amount [...]

With Circuit City the Poster Child, Consumer Retail is Full of Land Mines

Today’s news that Circuit City would close 155 stores and re-negotiate leases on 566 others certainly isn’t shocking - the company has been an awful operator for several years and is one Hail Mary away from insolvency. That said, we shouldn’t ignore the potential harbinger of weakness across anything related to discretionary consumer spending.
I’m frankly [...]

Corning Earnings up 24%, But Consumer Weakness on the Horizon

Flat-Panel maker and glass guru Corning (GLW) reported earnings up strongly year-over-year, but notched down guidance for the 4th quarter. Shares are down over 9% in early trading, as the sales forecasts came in lower than even reduced estimates.
Boilerplate Numbers
Net income for the 3rd quarter was $768 million, up 24% YoY from $617 million. Sales [...]

More on this topic (What's this?)
Dividend Stock Review: Corning (GLW) (The DIV-Net, 9/20/08)
Manipulating earnings (Canadian Business Blog, 2/24/10)
“One Technology Can Keep America from Going Dark” (Money Map VIP Trader) (Stock Gumshoe, 2/18/10)
Read more on Corning, Net Income at Wikinvest

Weekly Check Under the Hood - Performance & Musings

All in all, it was another vertigo-inspiring week of ups and downs in the global markets. More of the same for me - smatterings of sleep while various sets of numbers fight for the limited real estate left in my brainpad. On the plus side, I did register the modest achievement of memorizing the names [...]

Interesting Performance from Corning (GLW) this Week

Shares of Corning (GLW) have been holding up surprisingly well considering that Philips NV warned on slowing TV sales yesterday, and Samsung reiterated this morning.
Samsung is a the world’s largest maker of LCD TV’s, and as good a bellwether for the HD industry as you’ll find. Their joint venture with Corning was about the only [...]

More on this topic (What's this?)
Dividend Stock Review: Corning (GLW) (The DIV-Net, 9/20/08)
“One Technology Can Keep America from Going Dark” (Money Map VIP Trader) (Stock Gumshoe, 2/18/10)
Be Flexible! (The Iconoclast Investor, 9/3/08)
Read more on Corning, Samsung Electronics at Wikinvest

Philips Electronics Posts Weak Net Earnings; Corning to Lag (GLW)

For the most part, Asian and European markets are markedly higher this morning. Shanghai index was up 3.5% and the Hang Seng surged over 10%. Again, these gains are all relative, and coming off much smaller bases.
Philips NV however reported a sharp miss in revenues for the 3rd quarter, noting weakness in TV sales. This [...]