Unlike what economic theory says about agents being rational, market agents’ perceptions and reactions are more based on primitive instincts than anything else. Only this observation can explain why financial markets have been reacting so badly to the eminent QE exit. Bernanke is starting to feel that the moment to unplug the money machine is close. But is… Read More The Bernanke Blowout

We started our series of blogs “Corning: Boom or Bust” by introducing Corning main activities and businesses. In the 2nd part we dissected the strategy of the company, and we concluded that in theory it is a winning strategy. Therefore we assume that the revenues of the company will continue to grow, since the way… Read More Corning Inc: Boom or Bust (Pt4: Valuation and Action)

The following table is presents the current financials for Corning Inc. In Millions of U.S. Dollars 2012 2011 2010 2009 2008 Revenue 8.012,00 7.890,00 6.632,00 5.395,00 5.948,00 Other Revenue, Total — — — — — Total Revenue 8.012,00 7.890,00 6.632,00 5.395,00 5.948,00 Gross Profit 3.397,00 3.566,00 3.049,00 2.093,00 2.738,00 Gross Margin Adj. 42,40% 45,20% 45,97%… Read More Corning Inc: Boom or Bust (Pt3: Financial Analysis)

Corning’s Strategy and Technological Councils Corning’s source of innovation relies on the GSC (Growth and Strategy Council) and the CTC (Corporate Technology Council).  The GSC includes the CEO, the COO and the CTO, this group meets once or twice a month to provide advice and guidance to the business segments. Important decisions like the allocation… Read More Corning Inc: Boom or Bust (Pt2: Strategy)