$PYPL

Explicit claim • strong conviction • basis: drawdown discount

And now, suddenly, everyone hates PayPal at a time when I actually think that it's finally worth considering at these new cheaper levels, being down still over 75% of its value in the past 5 years, and that's even after a sudden spike more recently from the buyout offer that sent shares soaring by over 25% from the lows. ... Yet, if you actually look at their financials, the underlying business, you'd see that they've only grown larger in size even after the pandemic highs. And yeah, the growth has for sure been coming way down from the pandemic boost that they got earlier on, and yeah, I no longer consider this the high-growth company of the past, but it is still a very profitable one that continues to break record highs on on sales, financials, and that now trades at a valuation that is even cheaper than the sector, which again, this is even after a 25% rally more recently.

Explicit claim • strong conviction • basis: multiple relative

And so ultimately that low PE that people kept on citing over and over again didn't necessarily signal that it's a cheap stock.

Explicit claim • strong conviction • basis: explicit term

$40 is simply too cheap for this stock... still the cash flow generation of this company, it's worth more than $40 per share.

Implied claim • strong conviction • basis: growth vs multiple

and their gross margins are now sitting at only 46% and it keeps sort of sliding down a little bit. Same sector because one owns the road as a toll booth and the other is fighting to stay on the road.