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   Strategies & Market TrendsMELI MercadoLibre


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From: Savant7/12/2017 10:37:50 AM
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MercadoLibre, Inc. ( MELI ) will begin (*began) trading ex-dividend on June 28, 2017. A cash dividend payment of $0.15 per share is scheduled to be paid on July 17, 2017. Shareholders who purchased MELI prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that MELI has paid the same dividend. At the current stock price of $268, the dividend yield is .22%.

The previous trading day's last sale of MELI was $268, representing a -10.05% decrease from the 52 week high of $297.95 and a 112.53% increase over the 52 week low of $126.10.

MELI is a part of the Miscellaneous sector, which includes companies such as Alibaba Group Holding Limited ( BABA ) and Visa Inc. ( V ). MELI's current earnings per share, an indicator of a company's profitability, is $3.5. Zacks Investment Research reports MELI's forecasted earnings growth in 2017 as 34.05%, compared to an industry average of 15.2%.

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From: Sr K9/11/2017 9:13:26 PM
   of 38
 
Up $25.28 (9.72%) today, with no evident news.

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To: Sr K who wrote (22)9/12/2017 5:58:47 PM
From: Savant
   of 38
 
Stifel upgrade..Aug 25 & Barron's article about Little Amazons...got it moving....hit resist today @ 295

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From: Savant10/24/2017 10:15:18 AM
   of 38
 
Competition in Latin American online retailing is heating up with Amazon.com ( AMZN) expanding in Brazil making for more downside risk for MercadoLibre ( MELI) shares.

The stock has slumped 4% today to $226.18 in U.S. trading following a KeyBank Capital Markets downgrade, even though investors are otherwise cheering the weekend election outcome in Argentina that is squarely in favor of the market-friendly government of President Mauricio Macri. The Global X MSCI Argentina exchange-traded fund ( ARGT) is up 1.2%. Analysts Brad Erickson and Elliot Arnson lowered their rating to sector weight, without a price target, saying a "margin hit is coming." They write:

"While we think concerns about competition from Amazon are now better appreciated, MELI's profit profile is becoming less attractive as a result of measures taken to grow faster and fend off competition. We still expect strong growth (we're raising our revenue estimates); however, we recommend investors move to a Sector Weight position as the company enters a multiyear profitability transition that could be a step function down.

What changed for us? Free shipping in Brazil is turning out to have a bigger impact than we'd anticipated, and recent signals from the company that free shipping in Argentina is next may fuel the bear thesis over competition that rattled investors so much last week. ... we'd thought that the Company was being entirely proactive around implementing free shipping; given the recent chatter around Amazon, this narrative has become significantly weaker for the foreseeable future. Amazon impact tough to quantify but likely now appropriately built in. ... our EPS estimates are now meaningfully below the Street's as we think: 1) gross-margin effect from Brazil and Argentina is not appropriately captured in Street estimates; and 2) we think marketing spending, in particular, has kicked up to a "new normal" to promote consumer awareness of free shipping..."

In addition, Piper Jaffray lowered its MercadoLibre price target to $268 from $287, citing slowness in listings growth in the third quarter.

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From: Savant10/27/2017 10:04:13 AM
   of 38
 
MercadoLibre, Inc. to Report Third Quarter 2017 Financial Results

BUENOS AIRES, Argentina, Oct. 26, 2017 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com) intends to release financial results for its third fiscal quarter ended September 30(th) , 2017 on November 2(nd) , 2017 after the close of the day's trading.

The Company will host a conference call and audio webcast on November 2(nd) , at 4:30 p.m. Eastern Time.

The conference call may be accessed by dialing (877) 303-7209 / (970) 315-0420 (Conference ID 5696719) and requesting inclusion in the call for Mercado Libre. The live conference call can be accessed via audio webcast at the investor relations section of the Company's website, at investor.mercadolibre.com. An archive of the webcast will be available for one week following the conclusion of the conference call.

About Mercado Libre

Mercado Libre hosts the largest online commerce and payments ecosystem in Latin America. Our efforts are centered on enabling e-commerce and digital and mobile payments on behalf of its customers by delivering a suite of technology solutions across the complete value chain of commerce. The company is present in 18 countries including: Argentina, Brazil, Mexico, Colombia, Chile, Venezuela and Peru. Based on unique visitors and page views we are market leaders in each of the major countries were we are present.

Through its online commerce platform and related services, MercadoLibre provides its users with robust online commerce and payments tools that not only contribute to the development of a large and growing ecommerce community in Latin America (a region with a population of over 605 million people and one of the fastest-growing Internet penetration rates in the world), but also foster entrepreneurship and social mobility. Its main focus is to deliver compelling technological and commercial solutions that address the distinctive cultural and geographic challenges of operating an online commerce and payments platform in Latin America.

For more information about MercadoLibre.com, visit: investor.mercadolibre.com

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From: Savant11/3/2017 11:13:44 AM
   of 38
 
MELI up $56 from 10/25 this morn to 273...now 261 decent fins

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From: Sr K12/12/2017 2:26:15 PM
   of 38
 
All-time high, 298.80.

Last, 292.73

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To: Sr K who wrote (27)12/16/2017 12:22:32 AM
From: Savant
1 Recommendation   of 38
 
And another ATH on Thurs 329

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From: Savant6/22/2018 4:11:24 PM
1 Recommendation   of 38
 
MELI Director bgt 14.9 mln$ shares

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From: Savant8/9/2018 10:30:16 AM
1 Recommendation   of 38
 
MELI nice pop today>>> MercadoLibre, Inc. Reports Second Quarter 2018 Financial Results

85.4 million Items Sold, up 38.8%,

85.5 million Total Payment Transactions, up 64.0%

Net Revenues of $335.4 million, up 43.7% on an FX neutral basis

BUENOS AIRES, Argentina, Aug. 08, 2018 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America's leading e-commerce technology company, today reported financial results for the quarter ended June 30, 2018.

Pedro Arnt, Chief Financial Officer of MercadoLibre, Inc., commented, "The outlook for our industry is as positive as ever, and our investment thesis remains intact. The internet is rapidly becoming a driving force that is increasing the pace of modernization in Latin America. This modernization presents us with the opportunity to turn a history of underdeveloped infrastructure in the areas of retail and banking from a disadvantage into an advantage, as it allows for innovation to flourish unencumbered by existing legacy players."

Second Quarter 2018 Business Highlights

-- Gross merchandise volume again surpassed $3 billion, reaching $3.1 billion, a 15.2% year-over-year increase in USD, and a 35.9% year-over-year increase on an FX neutral basis, representing the fifth consecutive quarter of growth. -- Items sold increased for the second consecutive quarter to 85.4 million, a 38.8% year-over-year increase, delivering solid growth. -- Unique buyers grew 16.0% year-over-year versus 28.0% in the first quarter. This declining growth rate is attributable primarily to the price increases from our major postal partner, and the May truckers strike that lasted ten days and had a negative impact on e-commerce in Brazil. This deceleration in unique buyers growth in Brazil was partially offset by unique buyer growth rates in Mexico, Colombia, Chile and Argentina, where growth rates in unique buyers exceeded 20%. -- Live listings offered on Mercado Libre's marketplace grew to 154.8 million in the second quarter of 2018, a 56.4% year-over-year increase, surpassing for the first time ever the 150 million mark. -- We continue to transition to being a mobile first company, as mobile gross merchandize volume "GMV" penetration grew 28.1% year-over-year reaching 55.5% mobile penetration. -- Items shipped through MercadoEnv?os reached 52.8 million, a 58.1% year-over-year increase, driven primarily by increasing our free shipping options, strong marketing of our loyalty program and customer acquisition initiatives. Items shipped in Argentina, Mexico, Chile and Colombia were highlights of the quarter, growing 73%, 135%, 440%, and 166% respectively year-over-year. -- Total payment volume through MercadoPago reached $4.4 billion, a year-over-year increase of 40.4% in USD and 66.3% on an FX neutral basis. Total payment transactions increased 64.1% year-over-year, totaling 85.5 million for the quarter. -- We continue to successfully execute off-platform payments efforts (both online and offline) though merchant services, mPos, and mobile wallet businesses. On a consolidated basis, off-platform total payment volume grew 96.7% year-over-year in USD and 142.4% on an FX neutral basis. -- Our mobile-point-of-sale business quickly becoming one of our fastest growing non-marketplace business units, representing 43.3% of total off-platform payment volume for the quarter.

Adoption of ASC 606

-- Effective January 1, 2018, the Company adopted ASC 606, Revenue from Contracts with Customers related to revenue recognition ("ASC 606") issued by the Financial Accounting Standards Board ("FASB"). The Company has adopted ASC 606 using the full retrospective transition method and has accordingly revised its consolidated financial statements for the year ended December 31, 2017, and applicable interim periods within the year ended December 31, 2017, as if ASC 606 had been effective for those periods. Because the Company did not offer free shipping in 2016, net revenue for that year does not need to be recast. -- As a result of adopting ASC 606, the Company must present net revenue net of amounts paid in connection with the Company's free shipping initiative rather than including these amounts in the cost of net sales, as previously recorded. For the three-month period ended June 30, 2018 the Company incurred $97 million of shipping subsidies that have been netted from revenues. -- As a result of adopting ASC 606, our net revenues for the periods indicated below have been recast as presented below. Our adoption of 606 does not affect our operating or net income/loss. In millions Gross billings H1 2017* H1 2018** Q2 2017* Q2 2018** $ 590.5 $ 865.5 $ 316.5 $ 432.0 In millions Adjustments (Decrease) H1 2017* H1 2018** Q2 2017* Q2 2018** $ 36.9 $ 209.2 $ 32.6 $ 96.6 In millions Net Revenues H1 2017* H1 2018** Q2 2017* Q2 2018** $ 553.6 $ 656.4 $ 283.9 $ 335.4 *As Recast **As Reported (*) The table above may not total due to rounding.

The tables below present our gross billing and amounts paid by us in connection with our free shipping service.

In millions H1 H1 Q2 2017 2018 2017 Q2 2018 Gross billings Brazil $339.8 $ 546.8 $180.1 $ 270.5 Argentina $159.4 $ 211.9 $ 88.0 $ 105.9 Mexico $ 35.7 $ 60.7 $ 20.2 $ 31.3 Venezuela $ 28.6 $ -- $ 14.2 $ -- Others $ 26.9 $ 46.1 $ 14.1 $ 24.3 In millions Adjustments H1 H1 Q2 (Decrease) 2017 2018 2017 Q2 2018 Brazil $ 22.9 $ 166.8 $ 22.9 $ 74.7 Argentina $ -- $ 9.9 $ -- $ 5.7 Mexico $ 13.6 $ 26.1 $ 9.4 $ 13.8 Venezuela $ -- $ -- $ -- $ -- Others $ 0.4 $ 6.4 $ 0.4 $ 2.4 In millions H1 H1 Q2 Net Revenues 2017* 2018** 2017* Q2 2018** Brazil $317.0 $ 380.0 $157.2 $ 195.8 Argentina $159.4 $ 202.0 $ 88.0 $ 100.1 Mexico $ 22.1 $ 34.6 $ 10.8 $ 17.5 Venezuela $ 28.6 $ -- $ 14.2 $ -- Others $ 26.5 $ 39.7 $ 13.8 $ 21.9 *As Recast **As Reported (*) The table above may not total due to rounding.

Second Quarter 2018 Financial Highlights

-- Net revenues for the second quarter grew to $335.4 million, a year-over-year increase of 18.1% in USD and 43.7% on an FX neutral basis. -- Enhanced marketplace revenues decreased 13.2% year-over-year in USD, and 0.4% on an FX neutral basis, while non-marketplace revenues increased 72.5% year-over-year in USD and 107.5% on an FX neutral basis. -- Gross profit was $159.7 million with a margin of 47.6%, compared to 60.4% in the second quarter of 2017. Most of the gross margin compression is attributed to an increase in free shipping subsidies. -- Total operating expenses were $188.0 million, up 32.8% year-over-year. As a percentage of revenues, operating expenses were 56.1%, as compared to 49.9% during the second quarter of 2017. -- Loss from operations was $28.2 million, down 194.1% year-over-year. As a percentage of revenues, loss from operations was 8.4%, as compared to a gain of 10.6% during the second quarter of 2017. -- Interest income was $9.9 million, a 7.0% decrease year-over-year as a result of lower interest rates in Brazil as well as a lower float in Brazil and Argentina. -- The company incurred $13.2 million in financial expenses in the second quarter of 2018 mostly related to working capital funding for the payments businesses and to interest accrual on our convertible bond issued in 2014. -- Net loss before taxes was $19.0 million, down 252.6% year-over-year. -- Income tax gain was $7.7 million during the second quarter, yielding a blended tax rate for the period of 40.6%. -- Net loss as reported for the second quarter was $11.3 million, resulting in basic net loss per share of $0.25. -- Operating cash flow was $144.2 million. Net decrease in cash, restricted cash and cash equivalents was $173.6 million in during the second quarter of 2018.

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