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5 Bargain Bin Stocks to Buy This Fall

Corning

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Calling it a "glassmaker" doesn't really do Corning (GLW) justice. In fact, the firm owns some of the most advanced glass technology in the business, providing companies such as Apple (AAPL) with its patented Gorilla Glass for iPhone and iPad screens and using its expertise in manufacturing larger, thinner glass panels for other display makers.

>>5 Big Trades as the Fed Hits the Gas

Rivals can't easily reproduce Corning's technical expertise and scale. Only two other firms are able to produce comparable glass, combining with GLW to control 90% of the market for display surfaces. While Corning operates in a handful of businesses, glass used in displays (for everything from screens to internal components) makes more than 40% of revenue. Overall growth in how fast consumers are churning their mobile devices should be a shot in the arm for Corning, especially as the firm works at full capacity to keep up with demand for Gorilla Glass. That means that there's enough demand in the market place for GLW to quietly ramp up that capacity.

Financially, Corning is in stellar shape. The firm currently sports $7.3 billion in net cash and investments, enough to pay for a full third of the firm's market capitalization. All told, GLW trades at parity with book value, implying a big bargain in shares of GLW right now.

Investors who buy at these levels can also collect a 2.7% dividend yield for their trouble.

Stock quotes in this article: GLW, SCG, TAP, VIP, XRX 

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