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Daily Stock Opinions and Ratings

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Kash Pashootan Costco Wholesale Corporation COST-Q BUY ON WEAKNESS Jun 27, 2018

Their business model is unique as the profit margin is only half of their competitors. Their memberships are a nice recurring revenue stream. If the economy slows, they do not have the ability to cut prices. He has stayed away because of the high multiples. The P/E ratio has not traded below 25 times for the past 10 years.

No

$210.030

Stock price when the opinion was issued

department stores

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TOP PICK

The PE is high, they can add 20-30 stores a year for 20-30 years. A huge runway worldwide. They do all they can for employees and shareholders. One of the best businesses in the world.

(Analysts’ price target is $1071.56)

TOP PICK

The PE is high, they can add 20-30 stores a year for 20-30 years. A huge runway worldwide. They do all they can for employees and shareholders. One of the best businesses in the world.

(Analysts’ price target is $1071.56)

TOP PICK

The PE is high, they can add 20-30 stores a year for 20-30 years. A huge runway worldwide. They do all they can for employees and shareholders. One of the best businesses in the world.

(Analysts’ price target is $1071.56)

TOP PICK

The PE is high, they can add 20-30 stores a year for 20-30 years. A huge runway worldwide. They do all they can for employees and shareholders. One of the best businesses in the world.

(Analysts’ price target is $1071.56)

TOP PICK

The PE is high, they can add 20-30 stores a year for 20-30 years. A huge runway worldwide. They do all they can for employees and shareholders. One of the best businesses in the world.

(Analysts’ price target is $1071.56)

WAIT

Has maintained a premium valuation for a long time. If you're a growth investor, you could buy this one, but he's not wild about the valuation. Wait for a market correction.

DON'T BUY

Likes the company, but has never owned the stock. It's always been screened out because of valuation. Trading today at 53x PE on this year's earnings. Great business model, and the street recognizes that.

You have to look at these companies in terms of what can go wrong. If we go into a sustained, negative economic period, there's going to be a lot of hurt on a company like this.

BUY ON WEAKNESS

They report Thursday. Likes it, but they are stuck in purgatory with a high 53x PE. Wait for it to fall below 50x PE. Expects more downside.

BUY

Sank 2.9% today one earnings. However, revenue, EPS and comp. sales beat. Are seeing more younger members. To combat tariffs, are altering their supply chain to hold down prices. It's absurd that the street is punishing them for disappointing renewal rates of online subscribers--this is an excuse to sell. Charlie Munger was a massive shareholder of COST. Over the last 20 years, has returned 19% annually--one of the best stocks ever--vs. 11% by the S&P. With this pullback, it is cheap.

WATCH

Nice run, starting to come over. May have had a double top, look for $1050 to be significant resistance. Old support range looks like $860-900.

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