The Next Baidu?
Cramer has found what could be the next Baidu (BIDU) or Google (GOOG). Investors that want to seek shelter in a foreign stock should look at Mercadolibre (MELI).This company, Cramer said, processes ecommerce transactions, which have been a good business domestically and is an even better business in Latin America, where it’s based.
The stock has gone up, but it should go higher, he said, just like Google and Baidu continued to after they had runs. Mercadolibre “is the same kind of story and the same kind of stock,” Cramer said, although it has more in common with Baidu.
Get ready for this one to rise…back up the truck!


























I love the site…the posts are sharp and on the money. I am going to watch MELI for a while and see what happens.
Mike I totally agree with you, I love this site too. I too will keep my eye on MELI