Why I Believe MercadoLibre is Overvalued at $60
If you buy MercadoLibre to beat the market, you're hoping that the company can achieve better than 30% revenue growth annually over the next 10 years. To my eye, that means betting people living below the poverty line today become active Internet consumers, or that MercadoLibre is able to expand outside of the Latin American market. Neither scenario seems probable.
That's the gist of my argument. Get all of the details and relevant statistics by clicking here.