MercadoLibre Inc. (NasdaqNM:MELI) operates an online trading site for the Latin American markets. The Company's website allows businesses and individuals to list items and conduct sales and purchases online in either a fixed-price or auction format. MercadoLibre offers classified advertisements for motor vehicles, vessels, aircraft, real estate and services, and offers online payment services.
| Ticker | Price | Dividend | 52-week Performance | MarketCap |
|---|---|---|---|---|
MELI |
96.70 (2/4/12) | 12mth: $0.33 Yield: 0.34% | Range: $48.30-$96.89 Return from Low: +100.21% | $4.27 Bil |
| Overview | MELI @Marketwatch | MELI @Bloomberg | MELI @TheStreet | MELI @Google | MELI @Yahoo |
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MELI up 10% in one week. Argentine stocks surging.
The death of former President Nestor Kirchner has some speculating about a better economic environment in Argentina. All Argentine stocks are up today including MercadoLibre which is expected to report earnings on November 4th.
New stock idea for Argentina
Check out this page for more details
http://www.latinstockinvesting.com/stock-info/bma-banco-macro.html
MELI hits $75
It's been years since this stock sold above $75 per share. Stay tuned for my comments on valuation of this one.