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Hi Fellow Fools,

I have been invested in MELI since April 2009. It is now my 2nd 10-bagger. It seemed worthy of a full on article about the challenges and rewards of our Latin American purveyor of e-commerce.

I've previously written about my first investment and the success I have enjoyed with streaming giant Netflix, Inc. I'm back to detail another early investment. In April 2009, just as the U.S. economy was coming out of the depths of the recession, I invested in MercadoLibre, Inc. (NASDAQ:MELI), the premier online auction site in its native Latin America, similar to eBay Inc. (NASDAQ:EBAY). The two companies competed for a time, before eBay conceded and acquired a 19.5% stake in MercadoLibre while agreeing to act as a trusted advisor and mentor.

MUCH more here:

Loooooong MELI
Phoenix 1 Contributor
All of TMFLifeIsGood’s holdings are listed here:
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