Really like your write up about PYPL. I am down a lot on this one.. And, learnt very important lessons during this journey. I am still hopeful that they can turn around the things with the shear amount of data they have and with network effect they have. But it is really testing my patience.. :) Thanks!!
Great write up! One question though, in the past you've mentioned how you'd like to see Disney partner with Apple or Amazon for content delivery. What do you think of them saying they're doing it on their own? And can they really create something good in 18 months?
I don't think they're trying to do it on their own. Using Max & other streamers as well as bundle deals with traditional distributors like Spectrum to help with traffic. Still want that mega cap partnership to happen for ESPN.
Thank you. Waiting on clarification from the company to confirm I understood what they were saying correctly. There was a ton of confusion on it from the Q&A
Thanks for the write up on PayPal I’m glad they are doing something about their customer app is such a horrid mess and terrible to navigate that alone will help drive adoption, looking forward to see how it opens and will be opening a position on PYPL. It’s to attractive on valuation and financial metrics. They just got complacent but looks like they are starting to make the right decisions.
Yes! $5.10 EPS guide excludes the stock based compensation charge and is based on 2023 methodology for calculating EPS. EPS will grow by 0% from 2023 to 2024 when including stock comp expense starting Q1 2024 and comparing it to 2023 earnings if it included the stock comp deduction. Will include in next article.
Yes please do because if I’m not mistaken this kind of justifies the intense sell off when factoring how much they’ll be buying back and also the fact that they’re guiding for 6.5-7% revenue growth which makes me wonder where this lack of eps growth is coming from
Chriss made it sound like they're re-investing every dime of savings into the product road map. But I agree. The flat Y/Y transaction margin dollar growth guide bothered me a lot.
Really like your write up about PYPL. I am down a lot on this one.. And, learnt very important lessons during this journey. I am still hopeful that they can turn around the things with the shear amount of data they have and with network effect they have. But it is really testing my patience.. :) Thanks!!
Testing mine as well! Thank you for reading.
Thank you Brad, I really appreciate your reports, I like how you add your take,
It's open and honest.
Thank you Robin :)
Great write up! One question though, in the past you've mentioned how you'd like to see Disney partner with Apple or Amazon for content delivery. What do you think of them saying they're doing it on their own? And can they really create something good in 18 months?
I don't think they're trying to do it on their own. Using Max & other streamers as well as bundle deals with traditional distributors like Spectrum to help with traffic. Still want that mega cap partnership to happen for ESPN.
This was great Brad the eps guide for PayPal catch is such a good catch
Thank you. Waiting on clarification from the company to confirm I understood what they were saying correctly. There was a ton of confusion on it from the Q&A
Logically makes sense if revenues are expected to go up and they’re buying back more stock the only thing that could bring down eps yoy would be sbc
Two poorly ran companies who have made their stakeholders peanuts, both ripe for being broken up.
ARM just reported this week, should review them. A much more exciting firm with tremendous upside
Thanks for your valuable opinion
Thanks for the write up on PayPal I’m glad they are doing something about their customer app is such a horrid mess and terrible to navigate that alone will help drive adoption, looking forward to see how it opens and will be opening a position on PYPL. It’s to attractive on valuation and financial metrics. They just got complacent but looks like they are starting to make the right decisions.
I might add to be frank the risk reward compared to rest of market just is too tempting
Hey Brad just checking in to see if you got any word back on eps
Yes! $5.10 EPS guide excludes the stock based compensation charge and is based on 2023 methodology for calculating EPS. EPS will grow by 0% from 2023 to 2024 when including stock comp expense starting Q1 2024 and comparing it to 2023 earnings if it included the stock comp deduction. Will include in next article.
Yes please do because if I’m not mistaken this kind of justifies the intense sell off when factoring how much they’ll be buying back and also the fact that they’re guiding for 6.5-7% revenue growth which makes me wonder where this lack of eps growth is coming from
Chriss made it sound like they're re-investing every dime of savings into the product road map. But I agree. The flat Y/Y transaction margin dollar growth guide bothered me a lot.
Seems like products are rolling out and I guess this is worst case scenario but not ideal excited for the article regardless keep up the good work!
Thank you Simon!