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Canon Inc. Message Board

  • altruistic_one_and_only altruistic_one_and_only Dec 26, 2007 1:09 PM Flag

    New on board; looking for entry...

    I've been watching CAJ for about a month now... I am puzzled by the southerly direction of the stock. I own numerous Canon products, including HD20... What's up with the trickle down?

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    • i'm doing preliminary due diligence on caj right now. looks like a high-quality company, but the valuation got kind of frothy at the top. current price looks fair, maybe a wee bit on the fat side still, but i use a pretty steep discount rate (10%), and im more attracted to "fair businesses with great price" than "great businesses with fair price", so YMMV.

      • 1 Reply to misanthropope
      • Japan is in another bear market, and the rise of the dollar against the yen makes it harder for Japanese exporters to make money.

        But subtract the net cash on the balance sheet from the share price, and CAJ is trading at 11 times trailing earnings, 9.75 time their estimate of future earnings (based on the current 107 yen/$), and yields over 2%. They are the world's leading maker of photocopiers, cameras and large LCD production alignment equipment, #2 in printers. Their sales are globally diversified, with only 21% to Japan and 30% to the US.

28.14+0.18(+0.64%)Oct 27 4:02 PMEDT