Adobe Inc.

NASDAQ symbol ADBE, makes software that lets computer users easily create, edit and share electronic documents in the popular Acrobat PDF format. It also makes software that graphic designers use to create print publications and web pages.

ACI WORLDWIDE $17.87 (Nasdaq symbol ACIW; TSINetwork Rating: Speculative) (402-390-7600; www.aciworldwide.com; Shares o/s: 117.2 million; Market cap: $2.1 billion; No dividends paid) makes software for processing transactions by credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank systems....
These two leading software makers continue to aggressively expand their cloud computing operations. While each is enhancing its long-term prospects, we feel Symantec is the better choice right now.

ADOBE SYSTEMS INC. $98 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 499.0 million; Market cap: $48.9 billion; Price-to-sales ratio: 9.2; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) continues to benefit from rising demand for its online subscription services, particularly the Creative Cloud package of photoediting and desktop-publishing programs....
ADOBE SYSTEMS INC. $98 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 499.0 million; Market cap: $48.9 billion; Price-to-sales ratio: 9.2; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) continues to benefit from rising demand for its online subscription services, particularly the Creative Cloud package of photoediting and desktop-publishing programs....
PLEASE NOTE: Due to the Canada Day holiday, our next Hotline will go out on Thursday, June 30, 2016.

ALIMENTATION COUCHE-TARD, $52.30, symbol ATD.B on Toronto, has agreed to buy the Premium 7 chain in Estonia for an undisclosed amount.

The purchase comprises 23 fuel stations—11 full-service, with convenience stores; and 12 self-service.

With the transaction, Couche-Tard’s network in Estonia will grow by 40% and will total 77 company-operated stores and fuel stations....
ADOBE SYSTEMS INC. $96.70 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 500.2 million; Market cap: $48.0 billion; No dividends paid) makes software that lets computer users create, edit and share documents in the popular PDF format....
ACI WORLDWIDE $19.41 (Nasdaq symbol ACIW; TSINetwork Rating: Speculative) (402-390-7600; www.aciworldwide.com; Shares outstanding: 119.1 million; Market cap: $2.3 billion; No dividends paid) makes software for processing transactions through credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank systems. Its products also work to cut fraud. The company’s more than 5,000 customers include 1,000 of the world’s largest financial institutions and 300 leading global retailers. Together, they process payments of over $14 trillion daily. In the three months ended March 31, 2016, ACI made $0.75 a share, compared to $0.02 a year earlier. However, those recent earnings include the company’s $0.77 gain on the sale of its Community Financial Services business for $200 million. Excluding that transaction, the company lost $0.02 a share....
ADOBE SYSTEMS INC. $93 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 497.8 million; Market cap: $46.3 billion; Price-to-sales ratio: 9.6; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) continues to see strong demand for its subscription services, particularly the Creative Cloud package of photoediting and desktop-publishing programs. In the quarter ended February 29, 2016, the company added 798,000 Creative Cloud subscribers (net of cancellations). This service now has around 7 million users. However, the stock trades at an expensive 33.2 times the $2.80 a share Adobe will likely earn in the year ending November 30, 2016. Moreover, Adobe gets 40% of its revenue from outside the U.S., and the high U.S. dollar is hurting the contribution of its overseas businesses. Adobe is still a hold.
ADOBE SYSTEMS INC. $93 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 497.8 million; Market cap: $46.3 billion; Price-to-sales ratio: 9.6; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) continues to see strong demand for its subscription services, particularly the Creative Cloud package of photoediting and desktop-publishing programs. In the quarter ended February 29, 2016, the company added 798,000 Creative Cloud subscribers (net of cancellations). This service now has around 7 million users. However, the stock trades at an expensive 33.2 times the $2.80 a share Adobe will likely earn in the year ending November 30, 2016. Moreover, Adobe gets 40% of its revenue from outside the U.S., and the high U.S. dollar is hurting the contribution of its overseas businesses. Adobe is still a hold.
WESTJET AIRLINES, $20.34, symbol WJA on Toronto, started flying between Toronto and Boston this week. The new service will operate three times daily. The route is operated by WestJet Encore, the company’s Canadian regional airline. Encore started up in June 2013. This business now operates 28 Bombardier Q400 NextGen turboprop planes. Each seats 78 passengers. The flights to Boston are WestJet’s first cross-border route for Encore. The service will allow passengers from Boston to Toronto to connect into WestJet’s expanding Canadian and European networks....
ADOBE SYSTEMS INC. $85 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 498.3 million; Market cap: $42.4 billion; Price-to-sales ratio: 9.0; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) makes software for publishing companies and website developers. Its main products include Adobe Acrobat, which lets users create and edit electronic documents in the widely used PDF format, and its Creative Suite package of photo editing and desktop publishing programs. In 2012, Adobe started selling its Creative Suite software as a cloud-based service called Creative Cloud. The company now gets 74% of its revenue from recurring sources....