I have $ADBE (+1,05%) shares in my portfolio, and the company is currently trading at a discount. I’d like to know your opinion — why isn’t this company attractive to you?
Maybe you don’t like the declining revenues or the fast-growing competitors?
• Strong brand and ecosystem (Photoshop, Premiere, Illustrator, Acrobat, etc.)
• Shift to subscription model created stable cash flow
• Actively integrating AI (Firefly, etc.)
• Gross margin ~87%, operating margin >30%
• Not dependent on raw materials, logistics, or cyclical demand
