I am invested in PayPal myself and see many points similarly to yours. However, the first two points in your article are probably the weakest:
Re 1.) the all-time high was a complete exaggeration and we probably won't see the P/E ratios of that time again any time soon. A lot has happened in the world of payment providers since the ATH.
Re 2.) The business model is solid, but there is also more and more competition in eCommerce payments such as Klarna and Amazon Pay. In the area of payments in general, there is also Apple Pay and Google Pay. In the area of P2P payments, there is also the Cash App from Block or similar functions for Apple and Android in the USA.
I am not saying that there is no room for PayPal. I also see the share as undervalued, especially due to the constant share buybacks.
Re 1.) the all-time high was a complete exaggeration and we probably won't see the P/E ratios of that time again any time soon. A lot has happened in the world of payment providers since the ATH.
Re 2.) The business model is solid, but there is also more and more competition in eCommerce payments such as Klarna and Amazon Pay. In the area of payments in general, there is also Apple Pay and Google Pay. In the area of P2P payments, there is also the Cash App from Block or similar functions for Apple and Android in the USA.
I am not saying that there is no room for PayPal. I also see the share as undervalued, especially due to the constant share buybacks.
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@RealMichaelScott probably was :-)
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