MercadoLibre Costs Around $1,700 a Share. Here's Why I'd Still Buy One.
Investors may have soured on MercadoLibre (NASDAQ: MELI) stock. Although the company continues to report considerable revenue growth, increased competition and the rising number of non-performing loans led to a drop in the stock price over the last year. Currently, I am a shareholder. Still, even if I did not yet own shares, I would buy this top e-commerce company , and the price of around $1,700 per share would not be an obstacle. Image source: The Motley Fool. Continue reading