PayPal Stock Looks Dirt Cheap. Time to Buy?

(NASDAQ: PYPL) stock has been crushed this year. Accelerating revenue growth hasn't been enough to help shares climb out of a multiyear slump. Adding to the stock's carnage, shares slipped earlier this week when management raised new concerns about growth in the company's core checkout business.

The digital payments specialist's revenue recently returned to mid-single-digit growth -- and earnings are climbing at an even faster rate. Yet, recent remarks from PayPal's chief financial officer are a good reminder that the company still faces some challenges it needs to work through before it's firing on all cylinders again.

This begs the question: Is the stock's cheap valuation a reason to buy, or an accurate reflection of deeper problems underneath the surface?

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Source Fool.com