Up 6,326% Since IPO, Is It Too Late to Buy MercadoLibre (NASDAQ:MELI) Stock?
One of the most popular tech stocks in the last decade is MercadoLibre (NASDAQ:MELI), a Latin American company. MELI stock went public in August 2007. Since then, it has returned a staggering 6,326%, outpacing the broader markets by a wide margin. It means a $500 investment in MELI stock just after its IPO would be worth over $31,200 today. Comparatively, the S&P 500 (SPX) would have turned $500 into $2,386 after adjusting for dividends since August 2007. But does this mean it’s too late to buy
Source: yahoo.com