Down 70%, PayPal Is Now a Value Stock
Long-term growth investors are probably looking at the current state of the stock market with mixed emotions. The past six months have seen some of the world's most dominant companies struggle as part of a broader tech sell-off related to high inflation, rising interest rates, and ongoing concerns surrounding Russia and Ukraine. There's likely some trepidation about shrunken portfolios. But the investors are also likely to see some incredible opportunities.
One company caught up in the sell-off, PayPal Holdings (NASDAQ: PYPL), has seen its stock price sink 70% from all-time highs set last summer. The company has faced some growing pains in regards to challenges related to the end of its partnership with eBay (NASDAQ: EBAY), but its long-term commercial prospects remain largely unaffected.
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Source Fool.com
