Is MercadoLibre (MELI) Undervalued On Brazil Election Risk Or Still Too Pricey?

MercadoLibre (MELI) is back in the spotlight after a sharp 12% drop, as investors reacted to Brazil’s presidential runoff result and a steep slide in Petrobras that rippled through Brazilian related stocks. The selloff is part of a wider losing streak for MercadoLibre, with the share price down 7.81% over the last day, 9.29% over the past week and 15.45% year to date. Over a 1 year period, total shareholder return has declined 26.88%, compared with a 36.08% gain over 3 years and 12.02% over 5...