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Canon Inc. Message Board

  • burnintoo burnintoo Apr 25, 2008 10:39 AM Flag

    Great Value Earning ~$3.81/sh in 2008

    Company estimates in the last earnings release are for 500 billion yen in profits. With about 1261.2M shares and the yen at 104/$, that's about $3.78/share in CY 2008. Believable because they earned $0.81 in the seasonally weak first quarter. And these company estimates are coming from a conservative Japanese management that usually beats their estimates, not US managers trying to prop up their options. They have shown they can manage past the yen strength. With over $5/share in net cash on the books, this remains a great buy even though it is up a lot today.

28.41-0.20(-0.70%)Aug 26 4:02 PMEDT