Corning: A Real Bargain Stock

Wednesday, 26 Oct 2011 | 6:14 PM ET
Cramer: Looks Like GLW Has Hit Bottom
Cramer says Corning is a stock that seems like a bargain, and discusses the company's outlook, with Jim Flaws, Corning CFO.

Following the recent rally, Cramer on Wednesday said stock picking has become more difficult. After all, stocks get overextended when they run too much. If a stock price is too high, Cramer thinks investors should wait for a pullback.

There are, however, some bargains to be had right now. The "Mad Money" host likes Corning . The New York State-based company makes high-tech glass for liquid crystal display televisions, as well as the optical fiber used by teleco companies, among other products. GLW has been hammered lately and is down 40 percent from its 52-week high in February.

On Wednesday, the glassmaker reported a better-than-expected quarter that beat expectations by 6 cents off a 42-cent basis. It also posted stronger-than-expected revenues that rose nearly 30 percent year-over-year. Its guidance for the next quarter was also promising.

To Cramer, this stock has bottomed and is a real bargain. To learn more about the company's future prospects, though, he welcomed Corning chief financial officer Jim Flaws onto the program. Watch the video to see the full interview.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.