Karen Firestone, CEO, Aureus Asset Management Autodesk Inc ADSK-Q BUY Aug 18, 2023

One of the best competitors of ADBE. Been around for ages. Everything from construction to engineering. 12-month price target of $260. Remember, it's all about the earnings. A formidable company, expects FCF this year to be $2B-2.2B. Should benefit from generative AI, especially 3D models. No dividend.

They set lofty targets in 2020 and haven't come anywhere near them. The PE is expensive and management isn't executing.

It makes software for architects and is trying to convert from a one payment business to subscriptions. Has been quiet for 2 to 3 years and is now at an attractive valuation. He prefers companies with a broader business model, not a niche type company like this one.

Has been weak the past 18 months, hurt by interest rates. They lead in software used in building construction, but they reported a decent quarter and raised the guidance for the coming year. It's picking up and there's a runway ahead.

It's perilous for him. It reports next week and doubts it will be deliver a strong report.

It's been sideways since May and now their guidance is putrid at best. There are other places to go in tech. See what happens to this in January. True, it's a tech stock exposed engineering and infrastructure, unlike its peers. It lacks growth of those peers, though.

Price target of $260. Incorporated AI into AutoCAD, so less training is needed.

She just bought it. The stock has had a nice move, just starting to recover, and falling interest rates will help construction companies.