3 Numbers That Make MercadoLibre's Future Look Bright
MercadoLibre (NASDAQ: MELI) operates the leading online marketplace and fintech platform in Latin America. Its business has already benefited significantly from digitization, as consumers have shifted away from cash and traditional retail.
Not surprisingly, shareholders have done quite well. MercadoLibre stock is up 400% over the last three years, easily outperforming the broader market. Even so, three numbers give me confidence that MercadoLibre is still a great long-term investment. Here's what you should know.
More consumers around the world are shopping online, and Latin America is no exception. In fact, according to eMarketer, e-commerce sales in Latin America surged 37% last year -- growing more quickly than in any other part of the world.
Source Fool.com
