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Summary
- I believe PayPal has been punished for doing what other companies would be praised for.
- The valuation is compelling and technicals suggest a bottom could be in.
- I like the stock and have initiated a position.
- This idea was discussed in more depth with members of my private investing community, The Pragmatic Investor. Learn More »
Thesis Summary
PayPal (NASDAQ:PYPL) has come down since reporting Q1 earnings, and I feel this is unjustified.
The market is punishing the company for lower margins, but what I see is a company trying to stay relevant and acting from a position of strength.
PayPal offers a compelling valuation based on forward PEG, and the technical outlook is showing evidence that a bottom could be in.
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