Burry Buys MercadoLibre After Slump, Eyes 15% Returns

Michael Burry is buying shares of MercadoLibre Inc. after a slump in the Latin American e-commerce and fintech company’s stock.

The investor made famous by The Big Short wrote Friday on Substack that the shares had fallen below his valuation and that he had taken a position. Burry called the company the Amazon of Brazil, Mexico and Argentina, and said sales would grow 30% this year to more than $40 billion.