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Mercadolibre, Inc. Message Board

  • yelyacs yelyacs Jul 16, 2013 8:58 AM Flag

    Forbes article...

    anybody read the piece "questioning" meli rewvenue in Vz and Arg? I didn't but starting to regard Forbes as mouthpiece for shorts (look at LINE) altho I note short interest has dropped 25% from the march highs but still 20% of the float, almost 12 days to cover

    we shall see if forbes article spearhead of new short attack in which case expect retest of recent low of 102?

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    • when these articles come out, look at the timing in relationship to earnings. these issues were present all along, why do they publish it now?

      • 1 Reply to weclink
      • it does contribute to negative sentiment that could snowball the effect of a "miss" (if it happens) which promotes the position of short hedgies like Off Wall Street

        reminds me of some of the ploys described in "reminiscences of a stock operator" first published ninety years ago

        beyond that, looking at the fundamentals- meli's current Q EPS growth estimated by analysts at 10%, same as the sp500 whereas SP500 PEG is 1.6 vs meli's 1.3- meli looks cheap relative to the mkt, at least for long term investors

    • well, at least IBD said Forbes said that although my other news feed is reporting that Barron's is citing the opinion of a short-selling hedge fund research company, Off Wall Street, who said meli could fall to 50 because they are over-reporting revenue in Vz and Arg at the official rate which, if reported at the market rate, would have cut earnigns 20% and lead to a much lower growth rate

      well could see a 'sell now ask questions later" knee jerk from the market, althoguh yesterday's voluemof 750,000 only 1.5 x normal

      • 1 Reply to yelyacs
      • There is no "new news" on what Barron's wrote about Vz & Arg Yelyacs!!!!!! operation costs will lower offsetting the devaluation........plus both countries don't add up to 40% of Meli's Business either!!!!!!
        This is just a algorithmic short ploy before Earnings here in under 2 weeks!!!! A1 ..on the 29th in AH...you will see this going up 20% then in a week to follow it will be sitting in the 150's!

 
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