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Michael Burry's Investment in MercadoLibre · 30 Consecutive Quarters of Revenue Growth

The Motley Fool +1 ·

MELI MercadoLibre Inc
$1857.99 -0.14%
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  1. 1MercadoLibre shares rose 9.7% on Monday.
  2. 2MercadoLibre achieved a 30% revenue growth rate for 30 consecutive quarters.
  3. 3Michael Burry argued that strong companies like MercadoLibre are trading at low prices as investors flock to popular AI stocks.

So what's the key point?

MercadoLibre has seen its revenue grow by 30% every quarter for 30 quarters. Michael Burry said that because money is flowing into AI stocks, the prices of high-quality companies like this one have become lower.

Source The Motley Fool +1 · View original ↗

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