Sunday IPO on Wallstrip…Mercado Libre (MELI)

Mercado Libre on Wallstrip IPO Sunday today . Ebay owns 19 percent of the Latin American internet auction leader.

The stock has been as high as $33 and I would use that as a pivot and/or wait my standard 6 months and see how it trades. Just buying Ebay may be the easiest way as well – problem being for me that it is not Wallstrip worthy

As we point out in the show, internet access seems to be the key factor holding back faster growth as well as cultural hangups. Here is the Google Finance start page .

Here are a couple more articles of interest plus a commercial .

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  1. Pingback: Wallstrip IPO’s: Mercadolibre, Inc. (MELI) | Wallstrip

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