Adobe Stock at 9y P/E multiple low – Does AI disruption deserve THIS MUCH of a discount ?

Yo retards,

Everyone's been telling me Adobe is a dead company as AI disrupts it + subscription model is making people angry + Canva & shit competition is coming.

Let us be reminded that last time this narrative was pushed, it was about Meta. As a contrarian, these do not seem as the numbers of a dead company, and the narrative is for now purely hypthetical.

We are takliung of a company with a 22.1x P/E (LTM) & 15.4 P/FCF (LTM) with ROIC of 31.64% and yearly growth in the Low double digits.

What do y'all crayon eaters think ? Am i coping ? Am I buying Kodak ?

Disclaimer : I bought 124 shares at 348.11 average

https://preview.redd.it/dtz6d5tligxf1.jpg?width=1327&format=pjpg&auto=webp&s=9b4ead2de8f1176024878a22b5a93ec63d4161dc

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