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

We came across a bullish thesis on MercadoLibre, Inc. (MELI) on Substack by Wolf of Harcourt Street. In this article, we will summarize the bulls’ thesis on MELI. MercadoLibre, Inc. (MELI)'s share was trading at $2065.94 as of March 19^th. MELI’s trailing and forward P/E were 54.81 and 42.37 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]

MercadoLibre (MELI) has delivered an impressive 34% return over the past year, far outpacing the...