Michael Burry buys MercadoLibre shares after slump
Updated
Updated · Bloomberg · May 8
Michael Burry buys MercadoLibre shares after slump
15 articles · Updated · Bloomberg · May 8
Writing on Substack on Friday, the Big Short investor said the Latin American e-commerce and fintech group's stock had dropped below his valuation and offered 15% long-term returns.
Burry described MercadoLibre as the Amazon of Brazil, Mexico and Argentina, and projected sales would rise 30% this year to more than $40 billion.
The move signals confidence in the region-focused company after recent share weakness, with Burry framing the decline as a buying opportunity rather than a deterioration in its long-term growth outlook.
Michael Burry is betting on MercadoLibre, but can its costly growth strategy truly fend off aggressive new competition from Asia?
After a sharp stock drop and missed earnings, is Burry's contrarian investment a genius move or a classic value trap?