Canon’s main businesses still suffering

Article Excerpt

CANON INC. ADRs $38 (New York symbol CAJ; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs o/s: 1.1 billion; Market cap: $42.9 billion; Price-to-sales ratio: 1.2; Divd. yield: 3.2%; TSINetwork Rating: Above Average; www.canon.com) completed its $5.9 billion purchase of Toshiba’s medical equipment unit in December 2016. Thanks to those new operations, Canon’s earnings in the third quarter of 2017 jumped 131.1%, to $558.0 million, or $0.52 per ADR, from $241.4 million, or $0.22 a year earlier. However, demand for its digital cameras and printers remain weak as more people use their smartphones to take pictures and share those photos. Canon is a hold. hold…