Latin American e-commerce firm MercadoLibre has 70x earnings, raising valuation concerns, but a 150% return over 5 years and growth potential make it an attractive stock.
Latin American e-commerce company MercadoLibre has 70x earnings, raising valuation concerns. However, a focus on developing Latin American markets and a 150% return over 5 years outperforming Amazon make it an attractive growth stock. Price-to-earnings (P/E) multiple only provides a partial perspective, and MercadoLibre's growth potential may make it look like a bargain in the future.
June 29, 2024
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