Tuesday, December 19, 2006
Cassie: Long Way to Go
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Beter than that, this bit of wisdom from Jeff: Jefferies raises their Redback Networks (RBAK 21.17) tgt to $25 from $13, based on Ericsson's intent to acquire the co.
Quality work, no?
Quality work, no?
# posted by 
: 7:27 AM
: 7:27 AM
Broker,
Cramer Thinks Adobe Is Not Stucco
One stock we weren't able to cover that was a Cramer tout on CNBC's MAD MONEY was Adobe Systems (ADBE). Cramer was out very positive on the stock and noted that ADBE rallied after it reported a great earnings number, but then it pulled back. Cramer thinks this is a golden opportunity to get into ADBE. He thinks it is a bit on sale and a great bargain. Cramer is also positive on the coming Acrobat 8, and the Macromedia deal is working for it.
In Cramer's mind the stock should be at $46 or more and he thinks you should buy ADBE. ADBE closed up 0.4%at $41.45 on Tuesday, with a $25.98 to $43.22 52-week trading range. After Cramer touted the stock it was back over $42.00 in late hours trading. The trailing 50 P/E is actually a misnomer because the number is really better than that. With FY-NOV2007 estimates at $1.65, ADBE trades at a forward P/E of 25.3.
Cramer was dead right on everything except the "value". The stock still probably has some room to go before real valuations become an issue, so we won't argue his point here. The acquisition of macromedia at the exact time it was made was only really seen as a great move by the industry insiders with a viewpoint that the scaled down video flash was going to really win. They were right, and that is the company's growth engine now for web ads and web features on sites. Flash rocks many sites, and ADBE is the winner for it.
Jon C. Ogg
December 19, 2006
J
Cramer Thinks Adobe Is Not Stucco
One stock we weren't able to cover that was a Cramer tout on CNBC's MAD MONEY was Adobe Systems (ADBE). Cramer was out very positive on the stock and noted that ADBE rallied after it reported a great earnings number, but then it pulled back. Cramer thinks this is a golden opportunity to get into ADBE. He thinks it is a bit on sale and a great bargain. Cramer is also positive on the coming Acrobat 8, and the Macromedia deal is working for it.
In Cramer's mind the stock should be at $46 or more and he thinks you should buy ADBE. ADBE closed up 0.4%at $41.45 on Tuesday, with a $25.98 to $43.22 52-week trading range. After Cramer touted the stock it was back over $42.00 in late hours trading. The trailing 50 P/E is actually a misnomer because the number is really better than that. With FY-NOV2007 estimates at $1.65, ADBE trades at a forward P/E of 25.3.
Cramer was dead right on everything except the "value". The stock still probably has some room to go before real valuations become an issue, so we won't argue his point here. The acquisition of macromedia at the exact time it was made was only really seen as a great move by the industry insiders with a viewpoint that the scaled down video flash was going to really win. They were right, and that is the company's growth engine now for web ads and web features on sites. Flash rocks many sites, and ADBE is the winner for it.
Jon C. Ogg
December 19, 2006
J
# posted by : 7:37 AM
: 7:37 AM 
oic how it works round here.
Gotta go to the head of the class!
Posting in the bowels of your blog does no good I see.
Gotta go to the head of the class!
Posting in the bowels of your blog does no good I see.
I have no idea what a golden cross is. Personally, I mock technicals and technicians in my spare time.
RIMM goes to $200.
RIMM goes to $200.
On that RIMM, looks like I better up my $145 short-term price target then. LOL!
I am long RIMM...gonna hold through earnings.
Thanks!
Oh, try and stay out of the soup today at lunch, eh?
Happy Trading!
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I am long RIMM...gonna hold through earnings.
Thanks!
Oh, try and stay out of the soup today at lunch, eh?
Happy Trading!
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