Jim Lebenthal buys Adobe

In tech, we have a a news story in the tech space we want to talk to you about. It's Adobe. You can take a look. Shares are down just about 2 1/2% right now. This is on news that the US is suing Adobe, claiming that it harms consumers by enrolling them in subscription plans without clearly disclosing some important terms. Important to know here. Some of his most popular products are available only by subscription. That includes Photoshop and also it's video editing software, Premiere. Jim, you actually recently bought some Adobe again shares down just about 2 1/2 percent on this news that the government is suing Adobe. Yeah, recently as in today, as in taking advantage of this dip, whatever this lawsuit is. I mean, I not very many software companies sell on anything other than a subscription service. But more importantly, what you got from last week's Adobe results is clear indication that Adobe has figured out very well how to monetize AI. That's not true at every company by the way, but Adobe certainly has. We all know what it does. Probably many of us have used their AI capability, whether it's generating images or giving synopses of very long PDFs that we receive. I mean, it's a pretty obvious play here at the at the forward multiple of around 27. I find it's a very attractive entry point. Stock is languished for a long period of time and I'm happy to start building the position here.