MELI

MercadoLibre Inc

TMT, Consumer


Presented:11/29/2022
Price:$889.26
Cap:$44.73B
Current Price:$2,033.62
Cap:$103.10B

Presented

Date11/29/2022
Price$889.26
Market Cap$44.73B
Ent Value$43.71B
P/E Ratio165.55x
Book Value$32.43
Div Yield0%
Shares O/S50.29M
Ave Daily Vol651,152
Short IntN/A

Current

Price$2,033.62
Market Cap$103.10B
MercadoLibre, Inc. engages in the development of an online commerce platform with a focus on e-commerce and related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, and Other Countries. The Other Countries segment includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Bolivia, Honduras, Nicaragua, El Salvador, Guatemala, Paraguay, Uruguay, and the United States of America. Its products provide a mechanism for buying, selling, and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Montevideo, Uruguay.

Publicly traded companies mentioned herein: MercadoLibre Inc (MELI)

Highlights

The presenter is short shares of MercadoLibre Inc (MELI) based on what he believes to be a massive deterioration of the company’s financials business. He thinks investors underestimate the degree to which the consumer loan book within this unit creates significant risk to the company’s balance sheet and earnings picture. He sees signs of a substantial issue being potentially disguised from investors given some recent reporting and disclosure changes by management. As such, he sees up to 50% downside as loan growth slows and impacts GMV growth on the e-commerce side.

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Idea Discussion

Commentor 1 - 2 weeks ago

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