Post-purchase Mercado Libre
After having built up my position in $MELI (+2,5 %) by means of a savings plan, I had the opportunity to invest in a first large tranche today after the setback.
Some thoughts on $MELI (+2,5 %) :
- high growth in the emerging region of South and Central America (Brazil, Argentina, Mexico)
- already profitable despite huge investments in growth
- interesting combination of e-commerce and FinTech
The high and profitable growth naturally has its price: the share is currently trading at a P/E ratio of 57. The free cash flow yield is nevertheless attractive and currently stands at around 5.7%. The company therefore generates a high level of cash from its operating business.
The share is comparatively volatile, so I will continue to take a cautious approach here and continuously expand the position via a savings plan.
Stay tuned
Yours Nico Uhlig
