No. of Recommendations: 64
Hi Everyone,
I think everyone should take a hard look at MELI. I understand that lots of people think of Latin America as bit of a mess, but that mess has also kept others at bay. I've held it since 4/19/17. In a little under three years, it has returned 237.5%. People are deeply concerned about Amazon being a problem, but consider this:

1. MELI has a delivery system that is able to get deliveries to some people without a physical address.
2. 70% of Latin America is underbanked or unbanked.
3. MELI has a network of convenience stores where customers can buy cash cards or put money into an online account and purchase goods through MELI ebay equivalent or use in a digital wallet - Amazon can't match that anytime soon.
4. MELI cash wallet grew 99% in local currencies last year.

This is a fabulous service for Latin America, take a look at the attached article for recent information.

https://www.fool.com/investing/2020/02/15/with-triple-digit-...

Best,
bulwnkl
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