PayPal Is Priced for a Permanent Decline, and You Couldn't Give the Stock Away at $40 a Share... Why Does That Work in Our Favor?
A deep-value case that PayPal's "left for dead" narrative is overstated, its fastest-growing businesses are hidden inside a single-digit-to-low-double-digit multiple, and a buyback alone can nearly double EPS within a few years — with real external validation from a $53 billion buyout offer the board turned down.