MercadoLibre Q2 Earnings: Shipping Success To The Bank

FG Trade/E+ via Getty Images Investment Thesis MercadoLibre (NASDAQ:MELI) delivered a whopping strong Q2 204 earnings result. Not only were its revenues very strong, but its profit margin was the best in many years. Moreover, MercadoLibre's balance sheet is now in a very powerful position, which leaves MercadoLibre with ample flexibility to make a large needle-moving acquisition. And yet, according to my estimates, the stock is now priced at approximately 50x this year's free cash flow. In sum, although ...