PayPal undervalued with Venmo at zero
The bull case argued for PayPal: the stock is undervalued with the market assigning zero value to Venmo, and a sum-of-the-parts valuation suggests a price in the low $80s.
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The Callback
Stripe-Advent bid to take PayPal private
60 weeks between these two statements.
The case made for PayPal is that it is a unique, cash-generative asset trading at a deep discount due to a persistently poor narrative, despite operational progress and share buybacks.
The bull case argued for PayPal: the stock is undervalued with the market assigning zero value to Venmo, and a sum-of-the-parts valuation suggests a price in the low $80s.