Mercado Libre (MELI) - The Most Sleep Well Investment of Latin America
If anti-fragility is a moat, this Latin America Tech Titan has plenty of it.
Hi, sleep-well investors,
Thank you for your heartfelt encouragement over the last few weeks 🙏. My daughter is still fixed on the hospital bed, but she is smiling more every day, and we are two weeks away from the next phase - rehabilitation. Lots of joy awaits.
In this post, I bring you the 16th candidate for the Sleep Well Portfolio - Mercado Libre (MELI).
Since its IPO, it has grown
revenue at 43% CAGR
free cash flow per share at 45% CAGR, and
the stock has risen by 33% CAGR.
Impressively, it can triple in size in the middle term, yet shares are available at the cheapest level in the past 10 years!
Disclosure: my second largest position after Sea Limited
Structure of write-up
Business model overview
Why is it a sleep-well business?
Anti-fragility
Manageable competition and moats
Reinvestment opportunities
Key risks
Valuation
Sleep well scorecard
What to keep track
If you are new to Sleep Well Investment, here is
How I select sleep-well businesses.
How I construct my Sleep Well Portfolio [Latest Portfolio Update].
How I keep track of their performance.
Performance of all deep dives (29% average return) below:
Below is how I track these businesses:
**Links to thesis updates, buy-and-sell, and deep dives—all in the Sleep Well Portfolio spreadsheet above.
For all write-ups, read here:
