2024-03-09 01:52:43 ET
Summary
- PayPal's full-year results show a mixed performance, with declining gross margins but improved EBIT and net margins.
- The company's initiatives to enhance user experience and drive higher sales conversion rates are promising, but their success remains uncertain.
- Despite negative sentiment and challenges ahead, PayPal's strong balance sheet and potential for improvement make it a good long-term investment.
Introduction
I wanted to revisit PayPal ( PYPL ) after it reported its full-year results and see how the company progressed throughout the year and what is still in store that would help the company turn itself around. I believe the company is a good buy at these prices, as the company seems to be trading at its fair valuation and the dip on the day of the results presents an opportunity to accumulate more shares and wait for what I believe is an inevitable stock price appreciation once the company can prove itself and the initiatives introduced to bear fruit....
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PayPal: I Believe In The Turnaround Plays