Daniel Pronk 对 $MELI 的判断变化
这个频道在这只股票上的每一条判断，按时间倒序，每一步都读完那条视频里关于这只股票的全部内容。相邻两条方向不同的地方标出方向翻转。
Mercado Libre 有自己的金融科技业务，在很大程度上与 New Bank 相同。但我认为 Mercado Libre 实际上有一些竞争优势，因为它拥有更多关于客户的数据，因为它的许多客户也使用其电子商务平台。
因此，Mercado Libre 还可以看到客户在电子商务平台上花费了什么，并获得更多的洞察和数据。此外，Mercado Libre 的金融科技业务在过去 12 个月中实现了 150 亿美元的收入，这使其大约落后 New Bank 两个季度。
换句话说，它今天几乎与 New Bank 规模相同。但 Mercado Libre 的整个业务目前股市估值约为 1000 亿美元。所以，额外支付 300 亿美元，我得到的是大致相同规模的金融科技业务，可能延迟约 6 个月。
拉丁美洲最大的电子商务平台，一个庞大的媒体和订阅业务，以及一个庞大、高利润且快速增长的广告业务。同样，所有这些额外只需约 300 亿美元。所以我认为 Mercado Libre 拥有更强的护城河，更多的顺风，以及更加多元化的业务。
因此，我认为 Mercado Libre 的溢价是合理的，而且我认为 Mercado Libre 在今天的市场上甚至比 New Bank 更便宜。
Marcato Libre has its own fintech business that is largely the same as Newbank. But I think that Marcato Libre actually has some competitive advantages because it has even more data on its customers because a lot of its customers also use its e-commerce platform. So Marcato Libre can see what its customers are spending money on on the e-commerce platform as well and get even more insights and data there. Additionally, Marcato Libre's fintech business did $15 billion in revenue in the trailing 12 months, which puts it roughly two quarters behind where New Bank is. Or in other words, it's almost the same size as New Bank today. But Marcott Libresy's entire business is valued at around 100 billion in the stock market right now. So for an extra $30 billion I am getting roughly the same size fintech business maybe delayed by about 6 months. The largest e-commerce platform in Latin America a massive media and subscriptions business and also a massive highly profitable and rapidly growing advertising business. Again all of that for an extra roughly $30 billion. So I think that Marcado Libre has a little bit of a stronger moat, much more tailwinds and just a much more diversified business too. So I think that the premium for Marcato Libre is more than justified and I think that Marcato Libre is even cheaper in the market today than New Bank.