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MELI - Walmex: Dominant Retailer Is Also Winning Mexican E-Commerce
MercadoLibre Inc.
Walmart Mexico "Walmex" scored incredible 217% e-commerce growth in Q2.
The pandemic is giving the company's omnichannel approach a massive boost; with this sales momentum, Walmex can overtake MercadoLibre in the Mexican market.
The offline business is a cash cow. Walmex is as powerful in Mexico as Walmart is in the U.S.
Walmex stock has done nothing over the past decade even as earnings grow at 10%/year, setting up compelling upside.