2024-04-18 11:20:46 ET
Summary
- Today, we will briefly examine MercadoLibre, Inc.'s recent quarter, which, curiously, precipitated the recent prolonged selloff the stock has experienced.
- I use the word curiously because, as we will explore together, the report was phenomenal: In my eyes, there was nothing negative of note in it.
- In short, MercadoLibre's Q4 2023 was fantastic; in response to which, the market has traded the stock down to one of its lowest valuations *in the company's history*.
- And I believe this represents an opportunity for long-term investors, though, of course, I'd love to buy it even lower, and, with rates rising, we very well may get better swings.
Best Quarter In Recent Memory
Following MercadoLibre, Inc.'s (MELI) aka Meli's February earnings report , as you are likely quite aware, its stock sold off nearly 13.5%.
Naturally, one would expect the quarter to have gone poorly, precipitating the dramatic sell-off, but, in fact, this was quantitatively one of MercadoLibre's best quarters over the last two years; possibly one of its best quarters ever....
Read the full article on Seeking Alpha
For further details see:
MercadoLibre: Best Quarter In Recent Memory