PYPL is arguably our most frustrating position and it happens to reside in our International Portfolio, we have been discussing selling it for weeks and being too pedantic has cost us dearly i.e. the old market adage your first loss is your best loss comes to mind. This fintech was a big winner through COVID but its now facing some very real headwinds – the stock fell almost 30% when it reported last week with guidance the biggest worry for investors.
Also as we emerge from the Omicron wave people are keen for holidays and experiences, as opposed to buying “things”, its tough to see light at the end of the tunnel for PYPL through 2022 / 23.
MM is looking to exit PYPL
Add To Hit List
