Why Now Is Not the Time to Get Greedy With MercadoLibre Stock
For years, MercadoLibre, Inc. (NASDAQ: MELI) has been an excellent stock to own.
Until its recent slide, the stock had more than tripled over the last five years on the back of rapidly growing revenue and profits. Often dubbed the Amazon (NASDAQ: AMZN) or eBay of Latin America, it's easy to see why MercadoLibre has been such a success story as the company is the e-commerce leader in a developing region. Investors seems to finally be realizing the potential of e-commerce stocks as companies like Wayfair and Shopify have surged, and of course, Amazon has been one of the best companies to own over the last two decades.
MercadoLibre's business is admirable in a number of ways as its marketplace model -- much like eBay, the company only serves as a platform for third-party sellers -- generates wide margins, and it also has its own MercadoPago payment platform.
Source: Fool.com
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