Tiger Global owns 9.8% and Lone Pine owns 2.42%-- Mercadolibre is a great play on the wealth expansion theory. With Latin American income raising, people are going ot want to invest their money—MELI is a play off that. Also, they are involved in integrated online payments—A bit like an online Master Card. I would buy the pullbacks

Another name worth looking at is SAIC (SAI) which is owned by both < Eminence-Capital Eminence Capital Lone Pine Capital. SAIC is a defense contractor that provides engineering and systems integration solutions to the US military, the US Department of Defense, the US Department of Homeland Security and other US Government agencies. Near its 52-week low SAIC has lots of synergistic ties with the government; most of its 40,000 employees have high level government clearance, something other large defense contractors cannot boast. Though total earnings per share are still under $1 for 2007, SAIC is poised to “win” additional business from the government in the coming years

Last week Atticus Capital registered a 5.51% stake in Crown Castle (CCI). In the regulatory filing Atticus stated that it owned 15.7 million shares, up sharply from the nearly 9.2 million shares that it reported owning at the end of September. Crown Castle engineers, deploys and operates technologically advanced shared wireless infrastructure, including extensive networks of towers. Crown Castle currently has 75.1% quarterly revenue growth compared to an industry average of 27.3%. Atticus Capital is known for taking large, concentrated positions in select stocks that are driven by improving fundamentals

Teck is owned by Atticus which owns about 4% of the company. Despite the rally in industrial metals and minerals teck is near its 52-week low. Some people believe that shares have been under pressure due to its copper and zinc exposure; zinc has been very weak as of late and copper will fall if we truly enter into a global recession. At these levels with a forward PE of 7.8 it seems like a natural takeover target from the likes of BHP.

Near its 52-week low SAC owns 3.15% of the company. Though, tech has been weak lately, parametric technology engages in the development and support of management software solutions for companies worldwide. Has a forward PE of 11.94 with operating margins of 11.8%

Watch out here; this is a publicly owned real estate trust. If we get a 50BPS cut on Wed. I would buy this—Sports a 5.1% yield and is near its 52-week low. Trades at less than 2x book value – D.E. Shaw owns 3.26%

Another real estate trust that owns propertites in the US, Europe and Asia. Has a 3% yeild. State Street owns 3.78% of the company

Well off its highs of $90+ NII Holdings provides wireless communication services for business and individuals. In short the stock has been killed as recession fears cut might cut into the companies EPS. NII has some cool products like their Nextel Direct Connect service, which is used but almost every blue collard worker