No matter how I slice it, I don’t see how a long ADBE (growing 10-12% at 19x P/E) short ACN (growing 6% at 26x P/E) pair trade doesn’t print alpha over the next 18 months. Beyond the relative val opp, I truly think ACN and most IT service companies are structurally disadvantaged in age of pervasive AI. And the risk they face is far greater than it is for incumbent SaaS vendors (where there’s higher probability of increase wallet share from more software spend offsetting lower labor spend). A gift for my podboi followers (as a former one myself). Just DM me any open seats you know about that comes with a slick guarantee 😂