I just won a $10.5 billion bet.
Here's why. I first began telling my readers about a certain great company back in May 2013.
At the time, it seemed like no one on Wall Street liked this firm.
The reason: While it was a pioneer in desktop publishing, many analysts still thought of the firm as rooted in that seemingly archaic sector.
But I pounded the table and said the Silicon Valley leader's then-young move into cloud computing would richly reward investors.
That's why I was so glad to see that on May 21, nearly five years later, this company said it intends to buy back up to $8 billion of its own stock through 2021. And that's on top of the current $2.5 billion plan that ends later this year.
That's the $10.5 billion bet I won.
But really, it's you folks who are the true winners here.
If you took my recommendation back in May 2013, congratulations – you're up nearly 390%.
But this company isn't done.
Far from it.
In fact, another new catalyst for the stock just got put in place.