EXPECTING ADOBE-LIKE GROWTH FROM BUSINESS TRANSITION AT AUTODESK IS MISPLACED $ADBE $ADSK $AAPL
It is true that both Adobe Systems (ADBE) and Autodesk (ADSK) are in the software business and support similar PEG Ratios. The PEG Ratio of Adobe is 2.72 and Autodesk is 2.25. The PEG Ratio is defined as P/E divided by five year EPS growth rate. But Autodesk is no Adobe. Autodesk reported earnings on August 22, 2013 after the market close. On the conference call, the company mentioned business model transition and comparison to Adobe. I was struck by the positive tone and enthusiasm about the transition. Adobe stock has more than doubled from its low of $22.89 in