Venezuela To Devalue Its Currency Again, MercadoLibre's Financials Will Get Hit Hard

Back in May, I wrote a piece for Seeking Alpha detailing how upcoming currency devaluations in Venezuela and Argentina would hurt MercadoLibre's financial performance. In my article, I argued that the numbers in two of MercadoLibre's top three markets were inflated by at least 500%. Two months later, Bill Alpert of Barrons published an article supporting my position and warning that shares of MercadoLibre could fall as much as 50%, due to these same reasons. In the below article, I will explain why MercadoLibre (NASDAQ:MELI) is a conviction short now more than ever. More...