Discussion: Adobe was already overvalued
While Adobe $ADBE is a terrific business, it has, by my reckoning, been overvalued for quite some time.
Am I the only one who thinks this?
No you weren’t the only one to think it. It’s just that it was a great compounder and for the most part a perfectly run business. People payed for a premium for Adobe because of the name and what they thought they were getting. Still an amazing company even after this acquisition it’s just hard to justify an acquisition in an environment like this