Last July, PayPal (Nasdaq: PYPL) was trading for $308 per share. Today, it's trading at a quarter of that price - having declined a stunning 73% in less than a year. With that kind of share price collapse, you would think that PayPal's business must be struggling. It isn't. Not at all. In fact, the pandemic era has been a blessing for PayPal. Notably, PayPal increased its operating income by 54% from the end of 2019 to the end of 2021. But guess what? With the slide in PayPal's shares, the stock is now trading below where it was before all of this COVID-19-era growth occurred. What we have here is a quality tech company trading at an incredible discount. I think you know what that means... |
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