The author weighs PayPal as potentially undervalued given strong revenue and margins despite competition and management instability, leaning 60/40 in favor.
PYPL — LONG The author argues PayPal may be very undervalued because revenue and margins remain strong while the stock has fallen nearly 80% over five years on a narrative of competition from Stripe, Revolut and Apple Pay. The author questions whether the market share loss justifies that decline and leans 60/40 toward buying. The stated risk is management instability as the company transitions from growth to blue chip.
It could well be very undervalued currently.