PayPal (for investors more like PainPal) reported very poor numbers and the stock plunged by roughly 20% yesterday. I think the company will have a very hard time now and won’t erase this loss easily. I don’t own the shares, because I’ve seen it as a speculation from the start and I don’t see any vision or solid fundamentals.
Do you think $PYPL will ever pull itself out of this and start growing again?
Why would a company without a meaningful moat be a good investment? $PYPL didn’t make sense at $60 and doesn’t make sense at $40 either, unless its business model shifts into the 21st century.
I own the shares (3-4% of my portfolio) and it didn’t work out, well... anyway, I don’t think the results were bad enough for a company like that to be trading at a 7 P/E