PayPal's Stock: From Bearish to Bullish Amidst Market Shifts
TL;DR Summary
After previously being bearish on PayPal due to its overvaluation, the author has now decided to start a position in the company. They analyze PayPal's historical earnings trend, current valuation metrics, and projected earnings growth to determine its potential future returns. Using a conservative approach, they estimate a 10-year CAGR of +8.05% for PayPal's business earnings, which exceeds their threshold for buying a stock. While risks remain, the author has added a 1% portfolio weighted position in PayPal and will closely monitor the company's performance.
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