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Hi Fellow Fools,

This isn't news to many of us that own MELI, but the rest of the world is finally realizing it:

For much of its history, MercadoLibre, Inc. (NASDAQ:MELI), the leader in the Latin American e-commerce market, has performed admirably. It has dealt with the devaluation of the currency in Venezuela, hyperinflation in Argentina, and economic and political headwinds in Brazil. Add to that the fact that the company does all of its business in the currencies of those various countries while reporting in U.S. dollars, and it seemed as if the deck was stacked against the company. Yet it just kept chugging along, executing operationally and waiting for the headwinds to die down.

When the company reported its financial results on Thursday, investors expected it to continue as it had. Over the past several quarters, the stability in the dollar and the improving economic and political climate in the region had gradually seen those headwinds abate. These improving conditions provided a springboard for MercadoLibre's already positive operational results and propelled its financial results to new heights. The stock jumped 16% on the news.

Phoenix 1 Contributor
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