Is MercadoLibre Stock a Buy Ahead of Earnings?
Latin America's e-commerce and payments giant MercadoLibre (NASDAQ: MELI) is expected to report quarterly financial results on Aug. 9. As of this writing, the stock is down roughly 17% from its high. But with the chance of reporting strong financial results, some investors wonder if they should buy shares now before the company reports.
In this video from Motley Fool Live, recorded on July 15, Fool contributors Brian Withers, Jon Quast, and Danny Vena explain why buying MercadoLibre stock before earnings might not be the best investor mentality to have. For these contributors, MercadoLibre is a stock to buy and hold for a long time -- there's no need to try to cleverly time an entry point with a company like this.
Source Fool.com
