"Software giant Adobe Systems (NASDAQ: ADBE) has joined our model Growth Portfolio," says Stephen Leeb. Here's his assessment of the tech firm in The Complete Investor.
"When it comes to investing in tech, perhaps the most difficult task is to find one with a bona fide franchise, i.e., an ironclad grip on its market that keeps it largely immune to competition.
"Adobe -- also known as 'the PDF company' -- fits the bill. As most computer users know, PDF files are ones that you can read but can't change in any way-the content is controlled solely by the file's creator.
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