MercadoLibre's (MELI) stock recently closed above $1,950, still roughly 26% below its 52-week high, despite the company reporting record revenue and beating estimates. For instance, after reporting its fastest revenue growth in four years in May, the stock fell 12.7%. In August, shares dropped as much as 9% after the company crossed $10 billion in quarterly revenue for the first time.
The market's reaction is attributed to operating margin compression (from 12.2% to 6.7% year-over-year) and a third consecutive quarter of profit decline, as the company continues to invest heavily in logistics and its fintech arm, Mercado Pago. CFO Martin de los Santos stated the company is not optimizing for short-term margins and will continue bold investments. The Motley Fool analyst believes this market punishment for aggressive growth and expanding lending business presents a buying opportunity, assu
The Motley Fool analyst: MercadoLibre's stock price is being punished for growing too fast, but this is exactly when to buy
Source:Yahoo财经 · Source Link
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