Calls
1
Martin de los Santos
CFO, MercadoLibre
Win Rate
100.0%
return
+3.9%
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Ticker
Side
Mentions
First Call
Call Price
P&L
Thesis
Theme
Source
Long
Feb 25
$1767.71
+3.9%
MercadoLibre stock is down ~14% YTD and dropped on earnings due to a net income miss caused by heavy CAPEX in logistics and credit. Revenue grew 45% YoY. The CFO argues that LATAM e-commerce penetration is only 15% (vs. 35% in China). The margin compression is a deliberate choice to capture market share and build a "moat" (logistics network) that competitors cannot match. The sell-off on margin compression offers a discount on a high-growth asset. LONG. The thesis is a classic "Amazon in 2015" play—sacrificing current profits for dominant future market share. Continued margin pressure from credit portfolio defaults or prolonged heavy spending without adoption.
MercadoLibre stock is down ~14% YTD and dropped on earnings due to a net income miss caused by heavy CAPEX in logistics and credit. Revenue grew 45% YoY. The CFO argues that LATAM e-commerce penetration is only 15% (vs. 35% in China). The margin compression is a deliberate choice to capture market share and build a "moat" (logistics network) that competitors cannot match. The sell-off on margin compression offers a discount on a high-growth asset. LONG. The thesis is a classic "Amazon in 2015" play—sacrificing current profits for dominant future market share. Continued margin pressure from credit portfolio defaults or prolonged heavy spending without adoption.
Retail & Mobility
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Martin de los Santos has 1 trade ideas tracked on Buzzberg across 1 tickers since February 2026. Most covered: MELI.
