Mercado Libre may be the eBay of Latin America, but it has the growth potential of Baudi.com, Cramer told viewers Thursday.
Mercado's Mercadolibre Inc MELI 75.3 MELI 75.3 share price has climbed to $50 from $21 at the August IPO, and six of those points have been tacked on just since Monday. But if Baidu Baidu.com Inc BIDU 409.2, and even Google
Google Inc GOOG 700.74 is any indication, this story isn't over.
Both GOOG and BIDU "had enormous runs," Cramer said, "and then continued to have enormous runs. Mercado is the same kind of stock."