Adobe (ADBE) - I want in, but…
$Adobe(ADBE.US$ ADBE is a stock I regret not buying when I first started investing in April, because at the time, I had no idea how much of a competitive advantage it had on its rivals. Now that I understand more, I want in, but the problem is that its price is way too high, especially after that run-up in June.
The September sell off was encouraging, but I didn’t want to buy if it stayed above 500. Now it’s back up above 600
Is anyone else in or waiting to get into ADBE? Anyone have any thoughts they’re willing to share about it? Thanks!
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102823430 : if you look at their revenue category in their FS ,there's is one portion cloud smthg，which has GP margin of around 90% and is a pretty big revenue contributor,thk tats enough said....
they purchase payment companies and video editing companies which r pretty good decisions in these times:)
Bojack Horse : Thanks for sharing your frank thoughts. As it is with all stocks with long term uptrend, there’s no “perfect” time to enter the market. I bought $Adobe (ADBE.US)$ at 615 in early September, which was considered high at that point. But now I reap the benefits.
The business world runs on Microsoft office suite while the multimedia industry runs on Adobe’s creative suite. That’s why these are the only two stocks that I hold for long term.