Adobe: Valuation Stretches As Growth Moderates

It has been almost two years since I published my last article about Adobe Inc. (NASDAQ: ADBE ) and in my last article I claimed that Adobe was still not a "Buy" and wrote in my conclusion: My analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from large cap to small cap compani ...