Eigth-day of my "3 reasons to own" series, today with a SaaS king: Adobe.

1st reason: Look at those margins! Adobe has some of the highest margins out of my companies. SaaS businesses are great.

2nd reason: Adobe has a dominating market position in some key markets for the future. I believe that the gig economy will transform work and Adobe will provide the software.

The graphic software market is dominated by Adobe with 90%+ market share for example. Most design jobs will require you to know how to work with Adobe products. That's a deep moat right there.

3rd reason: Even though the company doesn't pay a dividend, they are buying back a lot of shares with their massive Free Cash Flows

So that was Adobe, tomorrow is gonna be spicy, with $RICK