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
Read the full article on Seeking Alpha
For further details see:
MercadoLibre: Another Staggering Quarter