Established, high-quality stocks that fall ~40% from highs usually get my attention. FinTech giant PayPal (PYPL), therefore, has caught my attention recently after a precipitous drop from 52-week highs. I am bullish on the stock. Who wouldn't want to buy something cheap versus expensive? Stocks are the only consumer product where investors feel more comfortable buying something more expensive than cheap. We don't walk into a car dealer and say, "that's such a great car. I'll pay you $10,000 more than what's on the window sticker." PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers related to their online transactions.
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