A golden age for glass
Corning has always been a stock that you buy as much for its tomorrows as for its products today.
A family owned and operated company is a very special and rare creature, especially in America these days. You really can feel some companies and, mainly by examples large and small, most swear that this kind of company feels you. The Houghtons were good parents, and Corning was about as good a child as any parent could hope for -- bright, smart, well-groomed, well-educated, forward-looking, always somehow both on top of and ahead of the curve, and humble. The Houghtons and Corning were practically one and the same, as were so many who felt blessed to have worked for the Houghtons and at Corning.
As one of the original and premier American family companies and company towns Corning became an orphan in all ways when the last of the Houghtons attempted to retire at the beginning of the 21ST Century. The news was not good for anybody.
Corning almost went belly up the first time the Houghtons attempted to stop minding the family store. They say nobody understands family like family. Since 2010, when Jamie Houghton, the last of the Houghtons, retired again, everyone has been watching closely as strangers once again attempt to run a family business.
Sooner or later the child will start missing the steady hand of its parents again because its tough to be an orphan at any age. This, and in fact, nobody is at home anymore. You can feel it.
Well, if the gay community is investing in Corning, it's gotta be good!
What does Chihully think?
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The company is planning a 10-for-1 split, which will cut its share price dramatically.
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