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Is 1 of MercadoLibre's Strongest Headwinds Finally Turning Into a Tailwind for the Stock?
MELIMercadoLibre(MELI) fool.com·2024-05-26 07:50

One prominent billionaire is already buying into Argentina's economic turnaround.Twenty years ago, a younger version of myself strolled the streets of Buenos Aires in search of a place to eat. I finally found a promising spot selling milanesa de carne sandwiches for 2 pesos. I can't overstate the bargain. It was an incredible sandwich, and it only cost me about $0.66.Back then, $1 was worth about three Argentine pesos. But today, $1 is worth nearly 900 pesos. In short, Argentine inflation has been relentles ...