Topic: Growth Stocks

The Stock Pickers Digest Hotline – Thursday, March 20, 2008

Article Excerpt

ADOBE SYSTEMS $34.45, symbol ADBE on Nasdaq, rose over 8% this week after it reported earnings that exceeded consensus expectations. In the three months ended February 29, 2008, earnings per share excluding one-time items jumped 60%, to $0.48 from $0.30 a year earlier. Revenues rose 37.1%, to $890.4 million from $649.4 million. The increase came from strong sales of its Creative Suite 3 products and Acrobat software. Adobe holds cash of $1.7 billion or $3.06 a share, and has little long-term debt. The company has plenty of financing for new product development. Adobe spends a high 18.9% of sales on research and development. Adobe now trades at 21.0 times this year’s forecast earnings of $1.64 a share. That’s reasonable in light of its growth prospects. Adobe is a buy IAMGOLD CORP., $7.51, symbol IMG on Toronto, had a positive meeting with French President Nicolas Sarkozy, who acknowledged its large investment in French Guiana and expressed confidence in its ability to develop resources…