May. 11 at 5:55 PM
$MELI
Will happily buy this dip! And even more dip!
The crazy thing is i’m more bullish long term than pre earnings!!!
Markets focused on short term margins vs long term vision!
Most still see
$MELI as pure ecommerce, but it’s rapidly becoming a major fintech/lending business.
This supercharges growth in good times (fast loan expansion) but sharply raises risk — defaults can explode provisions and crush earnings quickly.
Latin America’s volatility makes it trickier; this quarter’s provisions already jumped.
Unlike
$SOFI/
$NU,
$MELI’s loans benefit from deep ecosystem data (merchant sales, payments, logistics) giving it a real edge.
Key debate: temporary credit cycle or fundamentally riskier business?
Elite firms often look messy while investing hard (think early
$AMZN), but credit cycles humble even the best.
