Mercadolibre: Time To Sell [Seeking Alpha]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
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Source: Seeking Alpha
Mercadolibre: Time To Sell Summary Shares hit new high despite curious analyst notes. If the company is selling, shouldn't you too? Argentina currency issue getting worse. One of the market's biggest winners during the past couple of months has been Mercadolibre ( MELI AMZN Source: Yahoo Finance) The first thing that concerns me is that the company just announced a secondary portion Another curious item was a curious set of analyst notes out this week. Research firm BTIG reiterated its Buy rating raised the target The second worry I have is with regard to the company's second-largest market, Argentina. As you can see in the chart below, the US dollar has basically doubled against that country's currency over the past year. Argentina is Mercadolibre's second-largest market, representing more than a quarter of the company's revenues last year Source: cnbc.com) The other item that worries me is valuation. Mercadolibre is currently trading at roughly 8.4 times expected 2020 sales Amazon a
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MELI
News
- What You Should Do With MercadoLibre (MELI) Ahead of Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- 3 CRA Benefits Most Canadians Can Grab in 2024 [Yahoo! Finance Canada]Yahoo! Finance Canada
- MercadoLibre (MELI) Q1 Earnings: What To Expect [Yahoo! Finance]Yahoo! Finance
- Cineplex Stock Costs Less Than a Movie Ticket: Is it a Good Buy? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Is a Dividend Cut Coming for This 8.92%-Yielding Stock? [Yahoo! Finance Canada]Yahoo! Finance Canada
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- 4/23/24 - Form 8-K
- MELI's page on the SEC website