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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
We had watched and studied Adobe with admiration for many years following their evolution from selling licensed software to subscription software. Adobe became the...
— RGA Investment Advisors
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Other investors who've written on Adobe
LVS exited Adobe due to significant capital allocation concerns surrounding its highly dilutive, expensive acquisition of Figma. The stock's AI-driven...
Adobe was purchased because its double-digit growth and 90% gross margins represent premium software fundamentals. The stock's 33%...
Despite posting solid financial numbers, the stock declined significantly as investors questioned the immediate monetization timeline of its heavy artificial intelligence investments. Further pressure stemmed...