One of My Largest Stock Positions Just Hit an All-Time High. Here's Why I'm Not Selling a Single Share.
MercadoLibre (NASDAQ: MELI), the Latin America-focused commerce company that offers an e-commerce marketplace, payment solutions, credit products, and more, recently skyrocketed to a fresh all-time high after reporting its latest results. Not only did it grow faster than investors had expected, but the numbers look strong throughout the business and investors seem relieved by the company's excellent profitability.With that in mind, here's a rundown of the latest results from this incredible business, why investors' fears from the previous earnings report have been calmed, and why I'm not selling a share even though MercadoLibre is one of the largest investments in my stock portfolio.MercadoLibre handily beat expectations on both the top and bottom lines. Earnings per share in particular came in well ahead of what analysts were looking for. And beyond the headline numbers, MercadoLibre's results look impressive throughout its business.Continue reading
MercadoLibre (NASDAQ: MELI), the Latin America-focused commerce company that offers an e-commerce marketplace, payment solutions, credit products, and more, recently skyrocketed to a fresh all-time high after reporting its latest results. Not only did it grow faster than investors had expected, but the numbers look strong throughout the business and investors seem relieved by the company's excellent profitability.
With that in mind, here's a rundown of the latest results from this incredible business, why investors' fears from the previous earnings report have been calmed, and why I'm not selling a share even though MercadoLibre is one of the largest investments in my stock portfolio.
MercadoLibre handily beat expectations on both the top and bottom lines. Earnings per share in particular came in well ahead of what analysts were looking for. And beyond the headline numbers, MercadoLibre's results look impressive throughout its business.
