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Is Adobe a Good Inflation Hedge?
The stock is trading at around a 15% discount to the intrinsic value. I feel that this projection is fairly conservative relative to how the company has grown in recent years so I do feel like today's price is a fair value for Adobe. In order to ensure that we aren't catching a falling knife here, I wouldn't enter a position until I see that the downward trend or the momentum status has flipped green because there is no telling how low this could go as it's down 57% just in the past year.