Leila Melhado
Introduction
I have covered and been a shareholder as well as a customer of MercadoLibre (NASDAQ:MELI) since its IPO in 2007. In the early days, living in Brazil, most investors thought it was a website for stolen goods or
MercadoLibre: Best Growth Company In Latam
Summary
- MercadoLibre has consistently delivered exceptional growth and execution since its IPO in 2007, becoming the leading growth company in Latin America.
- MELI's diversified business model includes marketplace, payments, and credit services, with significant growth potential in an underpenetrated e-commerce market.
- Despite currency risks, MELI's dominant market position and potential benefits from the US-China trade war support a strong buy rating.
- Current valuation at 1.2x PEG is reasonable, with a price target of US$2,809, reflecting continued growth above LatAm retail peers.
Experience is difficult to learn. After 30 plus years of critically analyzing the nuts and bolts of businesses as diverse as airlines, oil, retail, mining to fintech and ecommerce plus the macro, monetary and political drivers. I continue to immensely enjoy learning and applying my experience to unravel, comprehend and benefit from new ideas, technology, innovation and business models. In addition, living through multiple crises, tequila, Asia, dotcom, 9/11, the great recession and the Covid19 pandemia, plus a stint at entrepreneurialism (Export, Factoring and Printing) provides for an extraordinary base of experience to be applied across multiple disciplines.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of MELI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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