Dan Caplinger

That's more questionable.

The way that you make money on it is by identifying and carving out niche markets and then extracting the most value from those markets.

What we've seen lately that I'm aware of, Starlink just recently did a big price increase for its general aviation customers.

If

you're going more than 100 knots, they increase the price of Starlink service, it's like fivefold.

While they have come back down and said, okay, maybe we're not going to give that because there were a whole bunch of GA folks that were appalled by that and saying, hey, you got us to spend $600, $800 on a receiver and now suddenly you're jacking the monthly subscription price up and threatened all kinds of stuff.

That I didn't think was going to go anywhere.

But you've seen this from companies like Garmin, ticker GRMN, where, yes, their primary GPS technology got commoditized, but there are niche purposes like aviation, like marine, where you're able to charge a lot more because the marginal utility is a lot higher in those use cases.

Same is going to be true for these companies that are able to discreetly serve those markets

and extract full value from them, I think are going to be financially successful.

Again, not sure if it's enough to justify the valuations involved at this point, but they're not going to just disappear.

Dan, I'm pitching another bargain stock opportunity.

MercadoLibre ticker MELI is down 10% after first quarter results.

Revenue, very strong for the Latin American e-commerce company, but profits were down.

They missed the consensus forecast by quite a bit.

The concern here is that part of MercadoLibre's business is its Mercado Pago credit division.

It has been boosting the amount of leverage it has as it extends credit to more customers.

U.S.

investors seem to be concerned about that.

But MercadoLibre knows its environment, it knows its geography, it knows its customers.