Harriet Smith @Haribo_eve89: "I've just opened a position..."

Harriet Smith Bought $MELI @1973.5

United Kingdom

I've just opened a position using 4.58% of my equity. I am buying Mercado Libre right now because the stock is selling off while the business itself is on fire. 🔥 MELI just posted 39% revenue growth on more than twenty six billion dollars of annual revenue, their Mexico marketplace had the best sales day in company history, and they keep taking market share even as Amazon and Shopee try to compete. Their fintech arm is also booming and is now nearly the size of Nubank while MELI still has the number one e-commerce platform across Latin America. The company has compounded revenue at almost 40% percent a year for over a decade and is still growing at that pace, yet the stock is down almost 30%. I'll be happy to buy more if we drop to say $1500-$1800. $MELI (MercadoLibre Inc) $NSDQ100 $EWZ (Brazil Index MSCI Ishares) $SPX500 $AMZN (Amazon.com Inc)