This Hot E-Commerce Stock Is Still a Buy
The stock market often doesn't make much sense in the short term. Emotions like fear and greed make it so unpredictable. Fortunately, a company's fundamentals can act like a compass, helping the market arrive at its senses over the long term, rewarding the companies that continue executing and growing while punishing the less deserving.
E-commerce company MercadoLibre (NASDAQ: MELI) has been punished by the market, down more than 15% over the past year. But rather than throw in the towel, I see reasons for optimism. Here are three reasons why I think the market will eventually come around to MercadoLibre and reward patient investors.
MercadoLibre is an e-commerce company at its core and has been working at it since being founded back in 1999, the turn of the millennium and rise of the dot-com era. It's not an overnight sensation but rather a steady grinder that's been investing in building the logistics, distribution, and market presence to be the force in Latin America that it is today.
Source Fool.com
