Canon (CAJ)

Canon (CAJ)

Postby winston » Fri Jul 31, 2020 8:51 pm

not vested

THE DIGITAL WORLD IS CRUSHING THIS ELECTRONICS COMPANY

Today's chart shows an electronics maker that makes the wrong electronics...

The world today is all about instant access. When folks take a photo or create a document, they want the ability to share it with anyone in the world in two clicks.

The coronavirus outbreak accelerated this trend, forcing people even further into the digital world. And today's company isn't ready to help them...

Canon (CAJ) sells digital cameras, scanners, and printers. After smartphones crushed its digital-camera business, office printers became the $20 billion company's biggest segment. But offices around the world are closed – instead, people are working from home.

Folks are getting by without printing out most of their documents. Canon's sales fell more than 25% in the most recent quarter, and the company lost $82 million – its first-ever quarterly loss.

CAJ shares fell along with the rest of the market in March... But unlike most stocks, this one continued dropping.

Shares are down nearly 40% over the past year, and they just hit a multidecade low. COVID-19 accelerated the trend away from Canon's products... And its struggles won't end soon...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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