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Technology Stocks : Cloud, edge and decentralized computing -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (1107)	3/22/2014 10:18:16 AM
From: Sr K	1 Recommendation Recommended By Glenn Petersen Respond to of 1685

Adobe bought back $200 million of shares, net of reissuances, and their share count went up. Their balance sheet is a wreck. They have about $1.2b tangible book value. It was $1.347b at 11/29/13 and they bought back the $200m net. It's probably a good short. This was the first quarter since the stock was in the 30's that it fell after reporting earnings. The real growth is the 24% y/y in Marketing Cloud services but that doesn't justify a market cap of >$33 billion.