Since my last analysis of MercadoLibre (NASDAQ: MELI ), in which I issued a Strong Buy rating, the stock has gained 15.5% in price; this compares to just 11% for the S&P 500.Analyst’s Disclosure:I/we have a beneficial long position in the shares of MELI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock ...