Think It's Too Late to Buy MercadoLibre Stock? Here's the Biggest Reason Why There's Still Time.
Looking at the history of MercadoLibre (NASDAQ: MELI) stock, one might feel it is too late to buy. Since the company launched its initial public offering in 2007 at $18 per share, the stock has risen more than 110-fold. Also, considering it is an international stock operating in the volatile Latin American market, potential investors might feel skittish about its P/E ratio of 53.Still, such investors could easily make the mistake of writing off MercadoLibre too early. Here's why it may still have considerable room to run despite its massive growth.MercadoLibre operates in 18 Latin American countries. Most of its revenue comes from providing e-commerce, fintech, and logistics services through its various businesses. These enterprises will either work separately or together to serve its customers.Continue reading
Looking at the history of MercadoLibre (NASDAQ: MELI) stock, one might feel it is too late to buy. Since the company launched its initial public offering in 2007 at $18 per share, the stock has risen more than 110-fold. Also, considering it is an international stock operating in the volatile Latin American market, potential investors might feel skittish about its P/E ratio of 53.
Still, such investors could easily make the mistake of writing off MercadoLibre too early. Here's why it may still have considerable room to run despite its massive growth.
MercadoLibre operates in 18 Latin American countries. Most of its revenue comes from providing e-commerce, fintech, and logistics services through its various businesses. These enterprises will either work separately or together to serve its customers.
