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MercadoLibre ($MELI) – Market overreaction to the results? 📉
Yesterday $MELI released quarterly results, after which the stock initially dropped.
Personally, I view this reaction as short-term and significantly exaggerated. I used the dip to increase my position at a price of 1,636 USD. My total exposure to $MELI now represents approximately 2.2% of my portfolio, with an average...
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I recently came across a company called MercadoLibre. Their business is quite similar to Amazon. Overall, the company has been quite successful and profitable in recent years. It might not be bad for a smaller position, but the price is pretty high right now.
What's your take on MercadoLibre ($MELI)?
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MercadoLibre: the booming Latin American business giant
-Latin Americanbusiness giant: MercadoLibre $MELI is a Latin American business giant, often compared to the "Amazon of Latin America", but it offers much more. In addition to its trading sites, it also has a thriving fintech wing.
-Strong growth:$MELI has long shown strong growth, including in the first quarter of this year...
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MELI is a great stock, but I’ve never bought it simply because, as they say, it’s the “Amazon of South America” and I already have Amazon in my portfolio. Besides, Amazon does a lot more than MELI, which is really mainly a marketplace and fintech. The reaction is overblown — the growth chart MELI has is rare to see, but so far I’ve tended to prefer something else. I still have it on my watchlist, and if it falls to an “irresistible” price I’ll consider entering.
One more downside: the price of a single share is just quite high; a stock split would do them a lot of good — I don’t know why they haven’t done one yet.