Barron's takes another shot at high-flying MercadoLibre (MELI), noting the company's results are...
Barron's takes another shot at high-flying MercadoLibre (MELI), noting the company's results are juiced by the use of vastly-inflated official exchange rates to measure revenues from Venezuela and Argentina. The Latin American Amazon could fall more than 50% as these currency issues are recognized, says Mark Robers of Off Wall Street Consulting. Bulls counter that currency devaluation won't hit underlying growth and would also benefit operating expenses.
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