The buyback factor is indeed really striking, especially since the other position he started in Q2 was Crocs, yet another company that has announced a buyback program to retire 30% of their shares.
Q3 earnings for PayPal were quite strong, and the stock was initially up more than 15% but then lost it all again in the next days. Seems like the market is not yet convinced of the turnaround.
I'm curious to see Lou's 13F for Q3 (should be out in the next 2 weeks), but at the current valuation and with strong and even improving fundamentals, I think PayPal is very attractive.
Great post. Thanks!
For me the most interesting thing is what happened with smith and Wesson, why did he Invested and then sold
The buyback factor is indeed really striking, especially since the other position he started in Q2 was Crocs, yet another company that has announced a buyback program to retire 30% of their shares.
Q3 earnings for PayPal were quite strong, and the stock was initially up more than 15% but then lost it all again in the next days. Seems like the market is not yet convinced of the turnaround.
I'm curious to see Lou's 13F for Q3 (should be out in the next 2 weeks), but at the current valuation and with strong and even improving fundamentals, I think PayPal is very attractive.