MercadoLibre (MELI) offers life insurance via Mercado Pago in Brazil. This is likely to strengthen the company's presence in Brazil's insurance market.
To find true long-term investing bargains, it isn’t enough to simply focus on stocks that have experienced price drops -- you need to focus on companies with strong growth momentum, leading market positions, and favorable tailwinds. Two stocks in particular that look extremely attractive right now are MercadoLibre (NASDAQ: MELI) and Walker & Dunlop (NYSE: WD), which are down by 67% and 42% from their 52-week highs, respectively. MercadoLibre is a leading e-commerce company in several markets in Central and South America and is often referred to as the “Amazon (NASDAQ: AMZN) of Latin America.”
Boston Omaha Corporation (NYSE: BOC) is an up-and-coming conglomerate with subsidiary businesses in billboard advertising, insurance, and fiber broadband services. It also has an asset management business and holds minority investments in some promising companies. Management uses an ultra-long-term value-creation strategy.