Quote:
Originally Posted by allstarrt
I had GLW until they slashed their glass outlook. I would be very happy to get back into a long position if the long term prospects looked better. The gorilla glass is expanding but with the LCD tv market declining does the smart phone market have enough to replace it?
Right now I think I would be comfortable putting a long time horizon on any holding I acquire. The Tv market will probably be rebounding and smart phones continuing to go up. Another less talked about aspect is if apple makes a smart tv(which some speculators think will come out next year) that opens up an entirely new market.
I'm kind of have the same thoughts except....
Apple could easily go with another manufacturer and they tend to go with plastic instead of glass in their products (not sure if plastics are a reasonable choice for large screens, but I work indirectly with a manufacturer* that has developed a scratch proof acryllic that can handle a wide range of temperatures, which makes me a bit nervous about gorilla glass and glass in general)
Plus I don't see the market for smart tv's (I also didn't see the market for tablets taking off, so you can probably safely ignore).
On the other hand, it isn't like they are going to stop making windshields for cars and trucks either way and they are cheap by most measures.
*privately held, damnit.