Adobe at $240 🎯 Forward P/E: 9x FCF yield: ~10% 💰 Subscription revenue: +13% YoY 📈 To be a BAD investment (below bonds): Kodak-speed decline (-6%/yr) 📉 To LOSE money over 10yrs: Nokia-handset speed (-15%/yr) 💀 Priced for flat forever. Business currently growing double digits 🤔 #Adobe $ADBE

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