BRTHY - Robust Printing Business Makes Canon A Buy
All the prior Canon (CAJ) articles I published were all sell recommendations. I now endorse this camera and printer company as a buy. I am now convinced that Canon's printing business can offset the continuing decline in its imaging (camera and lenses) segment.
As per the FY 2018 report, the printing business posted a +16.7% Y/Y growth in operating profit. Canon is outperforming HP Inc. (HPQ) on printing and hard-copy peripherals. More importantly, the Japanese Canon is beating American HP Inc. inside the U.S. over sales of the A3 MFP