Why I'm Buying This International Growth Stock
MercadoLibre (NASDAQ: MELI) has been one of the great stocks to own over the past decade. The company had a head-start in Latin America's e-commerce scene, and then used its excess funds to develop a payment option (Mercado Pago) that has exploded over the past three years. The result: a stock that's up over 4,000% since going public in 2007.
But just imagine: What if -- instead of eking by with slim e-commerce margins to build up its bank account -- MercadoLibre had an enormous source of revenue already in place when it started 20 years ago. Where would it be now?
That, essentially, is where Sea Limited (NYSE: SE) finds itself today. The company has a growing e-commerce site (Shopee) and payments system (Sea Money) in its corner of the world. Instead of Latin America, the company is focused on Southeast Asia -- thus the "Sea" in its name. And crucially, it has a hit video segment (Garena) that is helping to fund all of its other ambitions.
Source Fool.com
