Best Ideas Newsletter portfolio holding eBay (click ticker for report: ) will not spin off PayPal any time soon. The payment processor, which is driving serious revenue and earnings growth, will remain part of the company going forward, especially since it may be more valuable than eBay itself. We also received some great data from ChannelAdvisor regarding eBay’s same store sales, which reportedly are on track for nearly a 30% pace in July (click here). Though PayPal faces competition from another one of our best ideas, Visa (click ticker for report: ), as well as Square and Mastercard (click ticker for report: ), we continue to like the company and see valuation upside. eBay remains the only firm that scores a 10 on our Valuentum Buying Index (our stock-selection methodology), and we continue to be big fans of the firm.
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