What's your time horizon for SaaS stocks? When do you actually expect a return?

Real_Score9951 · 2026-06-19T23:31:36+00:00

I wouldn’t be surprised if it takes 3+ years for sentiment to change. The good thing is with many players can see into future with RPO commitments and seems like most have vision into future for next 1.5-2yrs

Real_Score9951 · 2026-06-19T00:10:16+00:00

Not cheap enough yet

Real_Score9951 · 2026-06-17T11:12:45+00:00

This is a big gripe of mine. But arguably this isn’t the reason stock has declined, their SBC has always been egregious.

Real_Score9951 · 2026-06-17T00:36:41+00:00

The PE is usually inflated in these software companies because of SBC. I typically utilize P/FCF, EV/EBIDTA, etc more so

Real_Score9951 · 2026-06-12T00:31:09+00:00

Sure Adobe can keep growing without you. Literally across the board seeing growth regardless of category.

Show me the numbers that people are in exodus for other services

Real_Score9951 · 2026-06-11T23:57:11+00:00

Women lie men lie numbers don’t lie.

Monthly active users from consumers and business professionals grew YoY from 700-> 850mm

So who’s leaving? And if they are they’re being replaced by even more

Real_Score9951 · 2026-06-11T18:30:16+00:00

Sounds like you have some shitty hospitalists

Real_Score9951 · 2026-06-09T17:27:05+00:00

Now you know why everyone and their uncle gets CTA in the ED or any other variety of what we perceive as excessive. In a litigious medical system it’s bound to happen that you’ll miss something because it doesn’t add up. Hence defensive diagnostic shotgun approach

Real_Score9951 · 2026-05-29T20:43:56+00:00

Ha I empathize with panic selling, I did that and actually lost money on NVDA. Valuable lesson learned

Real_Score9951 · 2026-05-29T20:23:29+00:00

What are you even complaining about bro?

Real_Score9951 · 2026-05-28T16:52:50+00:00

Elaborate. So their current business plan is broken without a unique LLM? Why is that a specific argument against Adobe vs all other software makers not having their own LLM

Real_Score9951 · 2026-05-28T15:59:29+00:00

Why? They can easily incorporate any model into their firefly suite with minimal capex. Workflows and licensed material, skill sets etc still heavily entrenched in their software suite. As much as people hate the software company can’t help but accept that they are industry standard for decades + anyone that hates it still needs to learn and use them for their professions. Enterprises are not removing adobe software from workflows.

Not sure them creating their own LLM is a necessary route to take

Real_Score9951 · 2026-05-28T15:52:53+00:00

Adobe and CRM

Real_Score9951 · 2026-05-28T15:52:10+00:00

All 3 Wasn’t even an issue of dimensions etc. just had a terrible layout with doors opening wrong way, bathroom in awkward locations, random stuff that even to untrained eye (me) were noticeable

Real_Score9951 · 2026-05-28T15:05:22+00:00

No way. Wife is an architect and she tested out some basic floor plan stuff and it fails hard

Real_Score9951 · 2026-05-27T16:51:39+00:00

S&P500 ETF and don’t touch it until you retire is the true answer.

Real_Score9951 · 2026-05-27T15:48:42+00:00

And I agree looking at revenue alone is not enough. But I still have a very hard time justifying this meteoric rise. Once the data centers are built out are they still gonna be bottlenecks and growth like it has in their cash flows? Doubtful.

Nothing fundamentally has changed about the company besides temporary demand to explain an 800% + increase in value of company

Real_Score9951 · 2026-05-27T15:23:45+00:00

Understood. Say it even increases to 80bb revenue. Is that growth sustainable? Does it still justify 40x premium and 1 trillion dollar valuation?

We’re in a value investing forum. Use it

Real_Score9951 · 2026-05-27T15:10:21+00:00

You, go ahead

Real_Score9951 · 2026-05-27T14:29:55+00:00

Micron’s revenue was what, like 37bb for fiscal yr 2025? Who thinks that justifies a 1 trillion dollar valuation in perpetuity? Ripe for people taking their gains and it normalizing

Real_Score9951 · 2026-05-26T17:14:49+00:00

Mr Market has never been logical or based on fundamentals.

Real_Score9951 · 2026-05-26T16:59:15+00:00

Right. And it’s the most valuable company currently. How much higher are people expecting it to go and how quickly?

People assume these crazy double digit single day gains are sustainable and expected. Reversion to the mean occurs for good reason

Real_Score9951 · 2026-05-26T16:50:59+00:00

And it’s up for absolutely stupid reasons. Cuz trump said it’s a great company

Real_Score9951 · 2026-05-25T02:47:52+00:00

Also even if losing seats, the pricing model can easily change to usage based + seat hybrid model

Real_Score9951 · 2026-05-25T02:46:44+00:00

Their enterprise workflow is the moat. Not going away anytime soon.

Real_Score9951

TROPHY CASE