What are we thinking about this ongoing massacre. Paypal shares dropped quite a bit again today and I just happened to look at the 1 year chart and saw it peaked nearly a year ago in february and is now down around 64 percent from that peak. With the P/E narrowing quite a bit to around 32 today I am considering opening a small position in a bit (or maybe after the first rate hike).
What do you guys think? Paypal might not see growth again like they have in the past but they are still within a growing sector and I don't see them going anywhere in the near future.
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