Corning

Corning (GLW) came up on my screener today and I thought that it seemed like a very solid company. If you are not familiar, GLW:


"Corning Incorporated (Corning) is a technology-based company. Corning operates in five business segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. Display Technologies segment manufactures glass substrates for matrix liquid crystal displays (LCDs). Telecommunications segment produces optical fiber and cable, and hardware and equipment products. Environmental Technologies segment manufactures ceramic substrates and filter products. Specialty Materials segment manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals. It is a developer, manufacturer and a global supplier of scientific laboratory products. In October 2010, the Company acquired Plaslab S.A.S. On October 1, 2010, the Company acquired 49% interest in Quebec Silicon Limited Partnership (Quebec Silicon LP), which is a silicon metal manufacturing company with operations in Canada."


--Via Reuters


The fundamental metrics for the company looked very attractive:


P/E: 9.55
P/B: 1.6
ROE: 21.50%
ROA: 21%
NPM: 59%
D/E: 11.9%
10 yr BV growth: 18% <---- Great!


Here is the chart:

So fundamentally the company looks strong and potentially undervalued with a P/E of 9.55 and P/B of 1.6, however, to my disappointment the DCF told otherwise:

I would really love to own this stock on a pullback possibly to around $15 or around the 38.2% retracement from the chart above.