MercadoLibre: Blistering Growth & Outstanding Execution (NASDAQ:MELI)
Leila Melhado MercadoLibre, Inc. (NASDAQ:MELI), often dubbed the “Amazon (AMZN) of Latin America,” is an Ecommerce company I have been following for many years. I recently wrote a post just last month (June 1st, 2023) titled “MercadoLibre: Value, Growth and Outstanding Execution.” The share price at post-publication was $659, and since then the stock price has popped by ~35%, or ~47% if we include premarket trading, so congratulations to those who invested. In my prior post, I also mentioned the stock was “~30% undervalued” and it now looks as though that value gap has closed, which gives me faith in my current valuation system.
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