PayPal Is Down More Than 80% From Its Peak. Here's Why I Still Own It

PayPal stock has declined over 80% from its 2021 peak of $310 as pandemic-era e-commerce tailwinds faded and growth slowed to single digits. However, the author argues the stock presents a compelling value opportunity, trading at 10x forward earnings with strong free cash flow generation ($1.8B last quarter) and aggressive share buybacks. Despite modest 5% revenue growth and flat user base, the combination of modest profit growth and share count reduction could drive double-digit EPS growth.