Tech: MercadoLibre Keeps Winning
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 21 February 2020
⏱️ 27 minutes
🧾️ Download transcript
Summary
The Amazon/PayPal/Square/eBay/Craigslist of Latin America MercadoLibre reported earnings in February and it was another blowout quarter for the company. The company's more mature e-commerce business is still going strong, but it has found a huge growth lever in its Mercado Pago payments platform. We explain how more and more Mercado Pago transactions are happening off-platform and why that's a good thing for investors.
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Stocks: MELI
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| 0:00.0 | Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day. |
| 0:11.0 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyphle. I'm Dylan Lewis. And today |
| 0:16.0 | we're talking financials. Today we're talking consumer goods. |
| 0:19.1 | Wild-C-C-C-Chert Wednesday. And we're talking energy. And today we're talking tech. Let's dive in. |
| 0:27.2 | It's Friday February 21st and we're checking in on Mercado Libre. |
| 0:31.1 | I'm your host Don Lewis and I'm joined by Fool. |
| 0:33.1 | Coms, Danny Venna. Danny how's it going it's been a little while? |
| 0:37.0 | It has been a while it's going good. How's it going for you? No complaints. |
| 0:41.8 | I'm sure that you're just limited up and having a very wonderful San Diego day right now. |
| 0:48.0 | You know, the weather outside is about 75 and sunny. It's never frightful in the in San Diego |
| 0:55.8 | the weather outside. It's been okay it's been mild over here so I can't really |
| 0:59.3 | complain. It has been excellent conditions if you're Mercado Libre. |
| 1:05.0 | This is a company that has been absolutely on fire over the last year or so. |
| 1:10.8 | You are like the expert on Mercado Libre. I think you are like the chief evangelist of Mercado Libre here at the Motley Fool. |
| 1:18.0 | You've been covering the stock for such a long time. For the folks that are not familiar, this is kind of the Amazon, eBay, PayPal, Craigslist, |
| 1:26.6 | insert whatever FinTech type thing you want to throw in there of South America. |
| 1:31.2 | They do a lot and they do it well, so I'm happy to have you on today's show. |
| 1:36.1 | Well, thank you. I actually bought into Mercado Libre probably about 11 years ago and I've been banging the table for the company ever since. |
| 1:44.6 | Safe to say that you're sitting on some pretty big gains. |
| 1:48.6 | That is safe to say in fact in my retirement portfolio it's become my second or third largest |
| 1:55.6 | position. I'm sitting on some gains as well mostly because you told me to buy |
| 1:59.4 | the stock a couple years ago and I started doing some homework very happy I'm not sitting on |
... |
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