I have used about 3 dozen+ tubes to attach eighty 2" x 2' x 8' foam board panels to the cement basement walls. Wall preparation was important to get excess dust off the walls before gluing. I also laid a bead of caulk between each panel to make them water/air tight. Follow up with Great Stuff to fill any small gaps, and Tyvek tape to double seal all seems. The end result is something Mike Holmes would be proud of.
It takes 24 hours to firm up before you should remove braces holding it flush to the target surface. I used expanding clamps in a number of areas when the wall was parallel with the ceiling rafters. When it is perpendicular, using a pile of boards at the bottom, and leaning boards up higher works really well. Clamps the tops too so they stay flush from top to bottom. Wood for leaning on the foam...pressure treated is heavier and gives a better hold...
Foamboard insulation is awesome and this is the perfect product to get it installed without holes from nail/screw anchors.
I laid it down pretty thick, and only got about 1 tube for 2.5 panels. Used the Milwaukee Caulk Gun to apply it quickly and evenly.
Older tubes that sat on the shelves at Home Depot might get soupy inside (just the first ounce or two). If they are piled up high with dust and all beat up, pass on that tube and go for a new looking one.
Pros: Easy Instructions, Easy to Apply, Easy to Use, Even Application, won't break down foam like other adhesives
Cons: old tubes get soupy