I bought some ADBE on April 28th and though the market has slid some more since then, I'm up 11% on this holding.
This is proof that there is no alternative to value investing.
Adobe is a jewel of a company. 3 strong product lines, great management and continuous great product launches. So when the market turn bad, investors fly to companies they can trust and that's why Adobe is actually on the rise.
This companies numbers are sweet:
A 30% operating margin, quarterly earning growing 40%, lots of cash, no debt, no competition - just an ever growing demand for graphic software fondly nicknamed "Photoshop".
It's all good over at Adobe's and I think it's a wise place to park till the rain stops..
$41.8 (06/25/08)
