Mar. 26 at 5:41 PM
$ADBE Bought more, and even though I’m down overall, I will happily buy even more and am certain I will make bank here. Forward PE is around 10 which is bananas for a tech firm of this size.
This is getting priced as if A.I is going to make its products obsolete and there would be no growth. What’s more than likely to occur, is A.I will help it optimize it’s offerings and products.
Cashflow and net profits. Even if there was zero growth and they just sustained, this is a bargain. If there is 8-10% growth going forward, this is an absolute steal.