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MercadoLibre, Inc. (MELI): A Bull Case Theory

We came across a bullish thesis on MercadoLibre, Inc. (MELI) on Multibagger Nuggets’ Substack by Kris. In this article, we will summarize the bulls’ thesis on MELI. MercadoLibre, Inc.'s share was trading at $2047.99 as of October 9th. MELI’s trailing and forward P/E were 74.20 and 45.66 respectively according to Yahoo Finance.

[caption id="attachment_1226481" align="aligncenter" width="768"] A businesswoman using her mobile device to shop on a ecommerce platform.[/caption]

Mercado Libre (NASDAQ: MELI) offers a wide array of services that include online marketplace operations,...