i FERRRRERTRVVEITY QiR Maxiphoto Investment thesis MercadoLibre (NASDAQ:MELI) is an absolute sensation. The company demonstrates monster profitability and the current revenue growth momentum is massive. Long-term consensus earnings estimates are very optimistic and my analysis suggests that it is fair given strong secular tailwinds behind MELI's back. The company's business model is like a snowball where large scale provides it with the massive competitive edge. Furthermore, my valuation analysis suggests t ...