MercadoLibre’s Price Target - Sramana Mitra

Sign Up | Log In | What is SocialPicks?

MercadoLibre’s Price Target
Jul 11, 2008 08:05 AM UTC

Sramana Mitra

Return	Risk
-8.31%	HIGH

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
EBAY	n/a
AMZN	n/a
MELI		07/11/08	+66.77%	--

Via Long Investment Ideas from Seeking Alpha:

I haven’t written about MercadoLibre in a while. On Wednesday, Eric Savitz, over at Barrons, reported that its CEO Marcos Galperin terminated an over 1.7 million shares stock sale plan, which sent the stock up $4.44, or 16.6 percent, to $31.23.

MercadoLibre (NASD: MELI), the combination of eBay (EBAY) and Amazon (AMZN) of Latin America, announced its Q1 earnings a couple of months ago. With revenues of $28.8 million, the company recorded 75% growth over the previous year and 7% growth sequentially despite the seasonal impact of Easter in the quarter. The Street was expecting revenues of $26.7 million.

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.