About fifteen years ago, Adobe was all about selling boxes with thick manuals and CD ROMS. How times have changed: the actual physical stuff they are selling is almost incidental. It’s the recurring revenues that have made their fortune.
About fifteen years ago, Adobe (ADBE) was all about selling boxes with thick manuals and CD ROMS. How times have changed: the actual physical stuff they are selling is almost incidental. It’s the recurring revenues that have made their fortune.
You can see this reflected in the long-term stock chart, which went from about $20 in 2010 to THIRTY TIMES that much these days. The p/e is currently a rather zesty 54 on ADBE.
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
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