Thread by @peregreine

1) MercadoLibre just killed estimates by longshots.

MercadoLibre huge beats on earnings and revenues estimates. Revenue growth of 61.1% yoy

2) For now, just read this on . . . finance.yahoo.com/news/mercadoli…

3) Transcript of MercadoLibre Conference Call by Motley Fool

finance.yahoo.com/m/5abbb762-888…

4) "The company reported revenue that grew 123% year over year in local currencies to $878.4 million, as businesses in Latin America pivoted online in the face of the pandemic."

fool.com/investing/2020…

5) "MercadoLibre also reported net income of $55.9 million, resulting in earnings per share (EPS) of $1.11, up more than 258%.

To put those numbers into context, analysts' consensus estimates called for revenue of $757.4 million and EPS of $0.10. "

6) "Unique active users climbed 45% to 52 million, while items sold more than doubled, up 101% to 179 million. At the same time, gross merchandise volume (GMV) topped $5 billion, up 49% in USD but up more than 101% in local currencies."

7) "MercadoPago -- the company's payment system -- continued to see rapid adoption. Fintech revenue grew 34% year over year in USD but up 86% in local currencies."

8) "Total payment volume (TPV) grew to more than $11 billion, up 72% in USD but soaring 142% in local currencies. The number of payment transactions jumped to nearly 405 million, up 123%."

9) "MercadoPago has moved off MercadoLibre's platform in recent years, giving it another avenue for its stellar growth. Off-platform TPV grew 92% year over year in USD but up 174% on local currencies to $6.1 billion, while the number of payments reached 281 million, up 134%."

10) Despite all this incredibly great news, yesterday, Monday, 10 Aug 20, was a profit-taking day in .

Definitely on #PeregineWatchlist . . . this is one I want

11) Something else I just learned through dd: the CEO, Galperin, does not get paid in any stock options, but only monetarily rewarded. His trust owns 8% of this company. The trust has been buyers for years. It's great to know the CEO and shareholders' interests align.

12) Forgot to add, also, that on Aug 11, Susquehana upgraded a Neutral to Positive and raised their Price Target $630 - $1300

13) Then there's this headline/piece from Danny Vega of Motley Fool from 15 Aug 20:

fool.com/investing/2020…

14) Vega: "During the first quarter of 2020, online sales accounted for about 12% of total retail in the U.S., up from about 4% 10 years ago. In Latin America, however, the number is far lower, representing just 4.2% of total retail in the region."

15) "It's also worth noting that, while the population of the U.S. stands at about 331 million, Latin America represents a much larger market, with a population of nearly 646 million -- or about twice that of the U.S., giving a much larger base of potential future customers

16) "It isn't just the nascent e-commerce market in Latin America that provides MercadoLibre with such an opportunity. It operates in an area of the world that is unique in terms of how consumers pay for purchases."

17) MercadoLibre launched about 20 years ago in its native Argentina and quickly expanded to many of the other countries in Latin America. Research shows that roughly 70% of the population in the region doesn't have a bank account and only between 20% and 55% use a credit card,

18) Because of this early stumbling block, the company created Mercado Pago, a payment system modeled after PayPal. This allowed consumers to use a network of convenience stores and other locations to pay cash for their purchases, an advantage other competitors simply don't have