Jockers, sometimes good companies take a hit. In this case it was precipitated by an analyst downgrading the stock the day before earnings on conjecture that Amazon.com's possible some day entry into the Brazilian market could maybe possibly someday sorta kinda slow MELI's growth, then MELI missed earnings by a penny. Meanwhile, growth is still tremendous. Insider's own nearly 30% of the shares. That's 15 million shares. Sometimes they sell. Sometimes they like to eat and buy cars. I wouldn't read too much into it. Meanwhile you want to value a debt free dividend paying company with 30% growth, huge cash flow and a forward PE of 25 at half it's current value? Why?