Top 1%
I've owned Adobe for many years. I always figured this was a sweet company to hold.
At the time I read an article about how Adobe was voted one of the top 10 companies to work for.. It was around the time they had purchased Macro Media..
They don't make too much noise, but darn - those guys have a nice business over there.
With 3 practical monopolies in Electronic documents (PDF), Graphic design (Photoshop) and animation / video (Flash) this company's success is attached to the one industry that keeps growing - the internet.
Sites are always evolving and always updating technology and everyone of them pays Adobe for at least one of their products.
But there is more growth to the Adobe story. The US government has begun experimenting with allowing citizens to report their taxes electronically - that means filing in a PDF form rather than paper. The IRS get billions of documents every year - if all of these turn into PDF documents Adobe will be selling licenses to every city, state and government agency. This will be worth billions in revenue.
But above all this company is run like a charm. When the market was running wild - that didn't mean much but in this market? Adobe is sailing in a perfect line, as usual.
Revenue growth is at 20%, earnings growing 40%, zero debt, great ROE and most important a clear business strategy and a product line that no one can touch.
I love this company!
Top 5%
ContraryOne
Aug 14 at 9:13 ET
Nice post. I will look at this and put it on my watch list. In the words of the hare "you are my leader...my guru".
ref.- The Hare who Lost his Spectacles" Jethro Tull...Passion Play. Though when I listen to it I sometimes change the lyric to "the hare who lost his testicles".
Top 1%
DowJonesDave
Aug 14 at 9:52 ET
Also, Guli you don't have to sit by your computer all day to use TA. There differing magnitudes. If I was just trading indexes, I only would be doing TA trades every month-3 months. as the major rallies started and ended. It's only because I trade individual stocks that the port requires constant monitoring (daily) because individual stocks can decouple from the markets without warning!
TA is more reliable than fundamental investing because TA helps you to TIME your fundamental investments. I am a fundamentalist at heart but trust charting much more.
Top 1%
guliamo
Aug 14 at 1:18 ET
You're too generous my friend, thanks.