This E-Commerce Stock Is Dominating Latin America
Latin America is one of the world's emerging markets, where technology isn't quite as established as in places like the U.S. However, e-commerce company MercadoLibre (NASDAQ: MELI) has been steadily building its business throughout the region since 1999. It faced increased competition over the past couple of years, but MercadoLibre could now strengthen its competitive position.
It's an intriguing development when the stock is trading at one of its lowest valuations in recent memory. Is there something investors are missing? Or is Wall Street dropping the ball on this potential fat pitch? Here is why MercadoLibre could be one of the best buys you can make today.
Latin America has become a hotbed of investment opportunity in recent years. Increased technological development is opening up the region's massive population of 667 million to modern conveniences like the internet and e-commerce. Research by Lazard indicates that the number of digital buyers in Latin America could increase from 172 million to 435 million by 2031, while the spend per buyer increases 3.5-fold.
Source Fool.com
