Key insights
- Adobe is facing significant leadership uncertainty with the departure of its CFO and ongoing struggles to find a new CEO. While recent earnings appeared adequate, concerns remain about AI's disruptive potential. This instability, coupled with executive turnover, suggests potential headwinds for the stock, warranting caution despite current financial performance.
Hey folks,
Disappointed with ADBE’s inability to find the next CEO and their CFO also left now. This company can’t catch a break. Although earnings looked decent (for now) but nothing proving that AI won’t eat their lunch.
Interested to know community thoughts here. I did some option trading (sold a cash secured put) and as a result I might end up owning 100 shares at roughly 234 cost basis now. I have the capital so not a problem but wondering if it’s worth it to own the shares or just buy that short put back and move on.