MercadoLibre Stock: Bear vs. Bull
MercadoLibre (NASDAQ: MELI), the largest e-commerce company in Latin America, nearly tripled its market capitalization in 2020 as its growth accelerated throughout the pandemic. But over the past 12 months, the high-flying stock lost nearly a third of its value as investors fretted over its decelerating growth and declining margins in a post-lockdown market.
Does that pullback represent a good buying opportunity for investors who missed out on MercadoLibre's multibagger gains over the past two decades? Let's compare the bear and bull cases to decide.
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Source Fool.com
