Could MercadoLibre Be a Millionaire Maker Stock?
Most investors would jump at the chance to go back in time and lay out some of their hard-earned cash for a life-changing investment. Sure, there's the occasional overnight sensation, but most successful companies do it the old-fashioned way, by making the right decisions over a period of years. Examples abound, including online store Amazon.com (NASDAQ: AMZN), digital payments specialist PayPal (NASDAQ: PYPL), e-commerce enabler Shopify (NYSE: SHOP), and merchant services provider Square (NYSE: SQ).
No one has invented a time machine, but what if I told you there was one company that provided many of those services, had a proven record of success, and still had the potential to make you a bundle of cash? Such a company does exist, and its name is MercadoLibre (NASDAQ: MELI). The Latin American e-commerce and payments providers stock has gained more than 2,000% since its IPO in 2007 -- and that could be just the beginning.
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Source Fool.com
