If you invested $10,000 in Mercado Libre 10 years ago, here’s how much you’d have today

(NASDAQ: MELI) is often referred to as “Amazon.com Latin America” due to the dominance of e-commerce in key markets such as Brazil and Argentina. But this business is much more than that. In addition to the e-commerce marketplace, MercadoLibre also has the massive payment platform Mercado Pago, logistics platform Mercado Envios, a fast-growing lending company, and more.

The company has evolved and grown rapidly over the years, and investors have been rewarded handsomely. You may be surprised by how well MercadoLibre stock is performing, but it’s well deserved.

I won’t keep you in suspense. If you invested $10,000 in MercadoLibre in May 2014, it would be worth about $204,000 today. That’s right – over the last decade, MercadoLibre has grown investors’ money more than 20 times, which is a 35% annual rate of return.

Continue reading

Source: Fool.com