Why cover at $58? This will be $20 again within the next few years.
keep on buying guys you will not have a wonderful holiday. I on the other hand will eat well when I cover at $58.
Companies pay what companies pay for office software. If Adobe can charge more they will. It is a great margin. Selling individual components to the masses at $200 a piece worked well. Selling all 6 pieces for $20 a month will yield $240 a year. Figure that the majority of owners only want one piece, not all 6. So sure they are giving up on $1000 in sales to make $240. In reality they are giving up $400 in sales once every 5 years to get $240 a year. A business will be swayed by the argument that now any user can access all functions.
I came from a corporate culture where IT limited what software was on what PC because of licensing costs. One company I worked at had 2 central PCs with all available tools, that anybody could use, but at their desks was more limited capabilities. Some licences cost $1000 a year, can't give it to everybody, if only used 20 minutes a week.
I think Adobe is doing a good job making money. But I think in the end they will get out of the web business with HTML5 picking up steam.
I think PDF is so easy for other entrants that all they will see is licensing fees from Microsoft as it is built into office.
I think Adobe's only future is graphics and marketing.
50x $1 EPS power = $50 stock today, plus cash, that's fair and well below current levels, this is a false breakout to new highs.
You are correct. The tape is stronger than the fundamentals. Doesn't make technical sense that it should green today. But the tape says otherwise.
pull the charts, this is an easy short, it is strong since algorithmic trading platforms are squeezing fools who shorted preearnings and pre conference call. Stock is bloated, short to $58 first target.
told you .. you don't listen .. next time pay attention what fedrally says ...
losses in ADBE? go long VIPS .. VIPS will outperform ADBE by 10 times over the next 2 years