Adobe (adbe) opinions Message Board

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Technology Stocks : Adobe (adbe) opinions

ADBE 353.17

+0.6%

10:57 AM EST

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To: Joan Osland Graffius who wrote (1715)	9/20/1997 11:08:00 PM
From: Jeffrey D	of 3111

The question of is ADBE fairly valued now at its present price is interesting. The 1997 quarterly earnings are .63, .54, .72 and an estimated .55 come November. That comes up to 2.44 for the year. Using yesterday's close we have a P/E of about 20. However, 1996 4th quarter earnings were .92. What if ADBE matched that number this year? The year earnings then are 2.81 with a P/E of 18. I guess we can all draw our own conclusions but I feel the stock is still a bargain at this price and a fair value would be in the 60s. Hmm.... maybe that's why ADBE doesn't mind buying back the stock at these prices. Jeff

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