Hedgeye CEO Keith McCullough is adding Paypal (PYPL) to the short side of Investing Ideas. Below is a brief note.
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Financials analyst Josh Steiner just went bearish on a widely owned name: Paypal (PYPL). Here's a summary excerpt from a call he made yesterday:
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"While the company has certainly managed impressive payments volume and revenue growth over the last five years, and while the global payments opportunity remains undoubtedly large, we believe that the focus of the company's growth story, its dominant and growing position in the P2P sphere and the ecosystem synergies implied by the company's existing merchant network, is both highly ambitious and riddled with uncertainty when the transaction economics of the company's varying sources of payments volume are taken into account." |
Sell the bounce,
KM
