MercadoLibre, Inc.
MELI
20 Followers
6 November
Upcoming Earnings
99.37B
Market Cap.
70.96
P/E
MELI Fair Price
$0,238.04
Overvalued by 47.2%
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My Notes
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I recently came across a company called MercadoLibre. Their business is quite similar to Amazon. Overall, the company has been quite successful and profitable in recent years. It might not be bad for a smaller position, but the price is pretty high right now.
What's your take on MercadoLibre ($MELI+0.0%)?
MercadoLibre: the booming Latin American business giant
-Latin Americanbusiness giant: MercadoLibre $MELI+0.0% is a Latin American business giant, often compared to the "Amazon of Latin America", but it offers much more. In addition to its trading sites, it also has a thriving fintech wing.
-Strong growth:$MELI+0.0% has long shown strong growth, including in the first quarter of...
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I certainly wouldn't buy the company now. Its valuation is very high and its growth or at least return from the business is slowly declining. That's associated with growth, but I'd like to see it slower.