Could MercadoLibre's Stock Be a Millionaire Maker?
When it comes to e-commerce, no other platform dominates like this company. In the U.S., we'd be talking about Amazon.com, but in Latin America, the e-commerce powerhouse is MercadoLibre (NASDAQ: MELI).
I met members of the MercadoLibre leadership team on a business trip to Argentina before the company went public. They were a group of wonderfully unassuming, down-to-earth people. They were so laid back that I didn't think it possible for them to take their business seriously. So when MercadoLibre's IPO went live, I didn't invest. This is a cautionary tale to not judge a book by its cover because, back then, MercadoLibre was a millionaire maker stock.
Fast forward to today. The company enjoyed a stellar 2019 with net revenue of $2.3 billion, compared with $1.4 billion in 2018. So is it too late now, or does further upside remain for MercadoLibre? Let's dive into the company to find out.
Source Fool.com
