“Adobe, Lululemon, PayPal – Are our Biggest Losers a Buy Now?”
Sold PYPL after thesis broke on management red flags; holding for acquisition is a gamble with high opportunity cost.
I got to say I I probably have the same sort of hesitations toward fashion retail companies that you have towards payments companies. I think it's also fair to say that we both have been proven right.
I mean, we will speak today also about a company that's called PayPal and that didn't do too well for us.