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MercadoLibre MELI has outperformed the market over the past 15 years by 17.46% on an annualized basis producing an average annual return of 23.82%. Currently, MercadoLibre has a market capitalization of $45.84 billion.
Buying $100 In MELI: If an investor had bought $100 of MELI stock 15 years ago, it would be worth $2,391.40 today based on a price of $910.64 for MELI at the time of writing.
MercadoLibre’s Performance Over Last 15 Years
Finally — what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Image and article originally from www.benzinga.com. Read the original article here.