After holding for nearly nine years, I recently sold my entire position in PayPal and some of my position in Zoom Video Communications. With the proceeds, I purchased a meaningful position in Academy Sports and Outdoors.
Rationale for Selling PayPal and Zoom
While I believe PayPal and Zoom are still solid companies, I question their upside potential. PayPal's new CEO may take time to revitalize long-term growth, and Zoom's growth is expected to slow as companies downsize.
Why I Bought Academy Sports
In contrast, Academy Sports offers a low-risk investment with significant upside potential. The company is growing rapidly, has a strong balance sheet, and trades at a very attractive valuation.
Comparison of Risk and Upside
I believe PayPal, Zoom, and Academy Sports all have low risk. However, I believe Academy Sports has the highest upside potential.
Disclaimer
The author's opinion should not be conside