Widening Network Effect Justifies MercadoLibre Investments but Market Overshooting Long-Term Margins
Like previous quarters, we walk away from MercadoLibre's fourth-quarter update impressed by its tremendous growth story but also with questions about longer-term margins. MercadoLibre's growth is undeniable, with unique buyers and sellers increases (up 34.1% and 19.1%) driving a 57% increase in items sold and a whopping 132% increase in constant-currency GMV. These statistics are significant for two reasons. One, free shipping, loyalty programs, logistics, and marketing investments are solidifyi...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.