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Mercado Libre

My husband heard that Mercado Libre was a good company to invest in. Anyone know anything about it, more than the fact that the commercial has a guy selling kisses! That was the first thing I thought of when he called and asked me about it!
Thanks!

By CristalM on Dec 19, 2007, 14:49 in Friendly Talkzone. AddThis Social Bookmark Button


miamimike says on Dec 19, 2007, 18:37:

They had an IPO a few months ago. Try Googling Mercadolibre for the details. Post your findings here for the readers. Thank You

On Sept 17, 2008: Senator John McCain said, as he had many times before, that he believed the fundamentals of the economy were "strong."Hours later he backpedaled, explaining that he had meant that American workers were Strong.

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CristalM says on Dec 20, 2007, 15:05:

He did that and it is up about 600%. But I was hoping to hear if anyone has used it, what they thought, sought of the "local attitude" about the company. I will post more as I find out. Thankyou for the suggestion!

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miamimike says on Dec 20, 2007, 17:05:

As far as using it outside of Colombia, its rather difficult if you live out of Colombia and you sell an Item. Their payment system isn't very transparent. You hAVE TO OPEN up an account in a Colombia Bank and sellers go that bank and leave payment in your account/user name and what if you don't have a cedula to open it with, then what? Paypal isn't an Option at this point as its not 100% into Colombia yet. Then you are left with the option of having someone else in Colombia, if you can find someone you trust 100%, to collect your funds. I am not at that comfort level at this point. Difficult for a foreigner,,,

On Sept 17, 2008: Senator John McCain said, as he had many times before, that he believed the fundamentals of the economy were "strong."Hours later he backpedaled, explaining that he had meant that American workers were Strong.

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