In today’s briefing:
- Adobe Is A High Quality Business With Capital Allocation Problems
- The Scramble for Silvergate Alternatives
Adobe Is A High Quality Business With Capital Allocation Problems
- Following the massive drop in Adobe’s share price, more investors are looking favourably at the business.
- In my view, capital allocation decisions within the company raise some red flags that are hard to overlook.
- As a long-term shareholder, I still have a hard time rating Adobe as a buy.
The Scramble for Silvergate Alternatives
- Crypto optimists have said for the last few months that the worst is behind us.
- Just in the last year we’ve seen the collapse of crypto hedge funds, lenders and exchanges.
- They say the bad actors have been removed from the space and there’s only good news from here
💡 Before it’s here, it’s on Smartkarma
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