MELI - 1 Under-the-Radar Growth Stock to Buy in August
2023-08-04 16:30:00 ET
If you had the opportunity to go back and buy Amazon stock, almost any investor would take it.
Well, you can't do that without a time machine, but you can buy another stock that bears a striking resemblance to where Amazon was a decade or so ago.
That's MercadoLibre (NASDAQ: MELI) , a Latin American e-commerce and digital payments company. Like Amazon, MercaodLibre started as a direct online retailer and has expanded from there into a wide range of businesses, including logistics, a third-party marketplace, digital payments, financing, and advertising. Furthermore, it's built an impressive set of competitive advantages along the way that is delivering rapidly expanding profit margins.
For further details see:
1 Under-the-Radar Growth Stock to Buy in August