MercadoLibre: Strong Growth Potential At A Cheap Valuation

Core Insights - MercadoLibre (NASDAQ: MELI) has outperformed the S&P 500 with a 28% return over the past year despite poor performance in Mexican and Brazilian equities [1] - The company generates 77.3% of its revenues from Mexico and Brazil, indicating a strong reliance on these markets for its financial performance [1] Company Performance - The stock of MercadoLibre has doubled the S&P 500's performance in the last year, showcasing its strong growth trajectory [1] - The company is based in Argentina but has significant revenue exposure to Mexico and Brazil, which are critical markets for its operations [1]