Michael Burry buys MercadoLibre stock

Notorious investor Michael Burry has initiated a significant position in MercadoLibre, the prominent Latin American e-commerce and fintech company. This move comes after a notable decline in the company's stock price, suggesting Burry believes the shares are undervalued. His investment strategy often involves identifying companies with strong fundamentals that have experienced temporary setbacks, anticipating a rebound and potential for substantial returns, reportedly targeting a 15% profit.