Reported 12 months ago
MercadoLibre, often compared to Amazon, has shown strong growth in the Latin American e-commerce market. Despite trading at over 70 times earnings, its potential for future growth and promising presence in developing markets make it an attractive option for investors. While the stock may seem expensive, its Price/Earnings-to-Growth (PEG) ratio of less than 1.5 indicates that it may not be as costly as it appears, offering potential value for long-term investors.
Source: YAHOO