mikemichaelson

Mercado Libre: Overhyped

I have to say that this is the worst article I've ever read by any "investment analyst". I'm not invested in MELI but have some respect for yourself.

How about some concrete evidence on why the most recent quarter "totally sucked". How about projecting revenues, earnings, and cash flows out over the next few years and using that to back up your thesis as to why the stock is overvalued.

The argument you make for a "coincidental" similarity between the Gartner chart and the chart of the stock is so ridiculous that if the "totally sucked" line didn't raise some questions to readers as to the validity of you the author, then clearly this would have.

I'd suggest using some stats and research (funny term, research, isn't it?) before posting a self-serving article about MELI (while you don't have a position, are you looking to enter at a lower price?). Have some accountability. Please.