The Globe and Mail reports in its Saturday edition that John Zechner is keen on Adobe Systems. The Globe's Brenda Bouw quotes Mr. Zechner, chairman and lead equity manager at J. Zechner Associates Inc., saying the software company behind Photoshop and Acrobat Reader, is a stock he started buying a few weeks ago for about $330 (U.S.) a share, which is about half of where it traded in January, 2024. "We bought more of the stock on Wednesday, when it dropped again to about $267," he told The Globe. "I think the fear factor in the sector is totally overdone and the valuation is even more compelling now than when we started buying it. Many software stocks have been hit hard; they're out of favour with some investors who believe AI will make their businesses less relevant. Adobe's valuation has come down quite dramatically, but I have yet to see a significant deterioration in its earnings growth. Adobe is an industry leader and I think it's still growing. Its software is embedded in many people's and companies' systems, and they're unlikely to get rid of it any time soon -- they've invested too much in it and there's no viable alternative. Markets, as they typically do, have reacted too far ahead of the curve on this one."