Feb. 14 at 1:29 AM
$ADBE This is my Bull thesis
“Great Recession levels of valuation”
Adobe dropped 66% back then, compared to now which it’s fallen 61% from 2021 highs
At the bottom of the GFC Adobe had a PE of 12-15, which we are currently at 15.
The business is far better than it was back then and it’s not even close so that’s all I need to know
Can it fall lower of course but assuming the numbers remain strong how far can the narrative really drag this down