"Wszystko, czego potrzebuje Adobe, to utrzymanie wzrostu zysków na poziomie 86%. To praktycznie to, co robią dzięki wykupom akcji i wskaźnikowi P/E wynoszącemu 15, wtedy masz dobry zwrot, a akcje prawdopodobnie będą warte około 400 dolarów za 10 lat." "All Adobe needs is to keep growing earnings at 86%. That is practically what they do with buybacks and a P ratio of 15, then you have a good return and the stock will likely be at 400 something 10 years down the road."

… You can download it in the free course in the link in description below. And we have here Adobe. You can also check Marcado Libé and earnings per share. If they grow at single digit high singledigit rates, then you can see the intrinsic value here is not far from the stock price. 182 191 for a 10% return. All Adobe needs is to keep growing earnings at 86%. That is practically what they do with buybacks and a P ratio of 15, then you have a good return and the stock will likely be at 400 something 10 years down the road. If we're just a little bit more positive that the business keeps on growing on buybacks and organic growth earnings P ratio of 20, you double your money tomorrow. If just a reversal happens there, that's a positive return. Worst case scenario, but they tell me I am too conservative. Maybe I am, maybe I am not. But that's just something that I have …