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home / news releases / MELI - MercadoLibre: Another Staggering Quarter

MELI - MercadoLibre: Another Staggering Quarter

MercadoLibre Inc.

2024-05-04 06:00:00 ET

Summary

  • MercadoLibre recently delivered a stellar quarter with strong revenue and EPS growth.
  • The company's financial position has significantly improved, with a $6 billion cash pile and a rapidly improving net cash position.
  • MELI's business is spread across multiple Latin American economies, mitigating geographic concentration risks.
  • My valuation analysis suggests that MELI's shares are more than two times undervalued.

Investment thesis

For further details see:

MercadoLibre: Another Staggering Quarter
Stock Information
Company Name: MercadoLibre Inc.
Stock Symbol: MELI
Market: NASDAQ
Website: mercadolibre.com
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