1. Loeb's Third Point Takes PayPal Stake, Sees Stock Rising to $125

    Yahoo! Finance BoardNews
    Loeb's Third Point Takes PayPal Stake, Sees Stock Rising to $125

    Dan Loeb’s Third Point has taken a stake in PayPal Holdings Inc. in a vote of confidence for the payments processor as it faces increasing competition from the likes of Amazon.com Inc. The New York-based hedge fund said Paypal stock could reach $125 per share within 18 months on above-consensus earnings, according to an investor letter obtained by Bloomberg...

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    1. We see parallels between PayPal and other best‐in‐class internet platforms like Netflix and Amazon: High and rising market share, untapped pricing power, and significant margin expansion potential.

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