Petroleo Brasileiro Petrobras SA (ADR) (PBR), American Tower Corp (AMT): See What This $66 Billion Hedge Fund Company Is Up To

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Corning Incorporated (NYSE:GLW) has suffered lately due to low prices and demand for LCD substrates, but it’s enjoying solid demand for its Gorilla Glass, which generated more than $1 billion in 2012 revenue. The company’s flexible new Willow Glass is promising, too, and though some have worried about sapphire glass threatening Gorilla Glass, sapphire is much more expensive, and Apple Inc. (NASDAQ:AAPL) is sticking with Gorilla for the foreseeable future. Despite some issues such as falling profit margins, there’s a solid case to be made that Corning stock is attractively priced at recent levels and a good long-term investment. The company has upped its dividend, too, and yields 2.7%.

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With the explosive growth of smartphones worldwide, many investors thought they would ride Corning’s dominant cover glass to massive investment returns. That hasn’t played out yet, as mobile growth has failed to offset declines in the company’s core business.

The article See What This $66 Billion Hedge Fund Company Is Up To originally appeared on Fool.com.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitterowns shares of Apple and Corning. The Motley Fool recommends Chevron, Petroleo Brasileiro (NYSE:PBR) S.A. (ADR), and Salesforce.com. It recommends and owns shares of American Tower , Apple, and Corning.

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