Is MELI at a reasonable price to buy in? It still has 180 PE ratio


It has been down 50% from last year peak. Thought I missed the bottom in June. But is it still a reasonable price to buy in for long holding? To me, its Alibaba + Ant Group in Latin America. Huge population with growing economic and strong economic moat. It sounds a solid long term stock. But I'm worried that its already priced in.


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